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Suzhou Hesheng Special Material Co (SZSE:002290) EBIT : ¥114 Mil (TTM As of Mar. 2024)


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What is Suzhou Hesheng Special Material Co EBIT?

Suzhou Hesheng Special Material Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥114 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Suzhou Hesheng Special Material Co's annualized ROC % for the quarter that ended in Mar. 2024 was 14.92%. Suzhou Hesheng Special Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 28.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Suzhou Hesheng Special Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.54%.


Suzhou Hesheng Special Material Co EBIT Historical Data

The historical data trend for Suzhou Hesheng Special Material Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Suzhou Hesheng Special Material Co EBIT Chart

Suzhou Hesheng Special Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,150.67 119.46 137.59 107.14 112.18

Suzhou Hesheng Special Material Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.84 47.08 37.11 -0.85 30.60

Competitive Comparison of Suzhou Hesheng Special Material Co's EBIT

For the Chemicals subindustry, Suzhou Hesheng Special Material Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Suzhou Hesheng Special Material Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Suzhou Hesheng Special Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Suzhou Hesheng Special Material Co's EV-to-EBIT falls into.



Suzhou Hesheng Special Material Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥114 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Suzhou Hesheng Special Material Co  (SZSE:002290) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Suzhou Hesheng Special Material Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=122.412 * ( 1 - 16.25% )/( (649.259 + 725.133)/ 2 )
=102.52005/687.196
=14.92 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1765.761 - 756.875 - ( 359.627 - max(0, 859.002 - 1416.173+359.627))
=649.259

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1681.414 - 641.166 - ( 315.115 - max(0, 757.361 - 1336.968+315.115))
=725.133

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Suzhou Hesheng Special Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=122.412/( ( (220.972 + max(171.698, 0)) + (221.991 + max(258.791, 0)) )/ 2 )
=122.412/( ( 392.67 + 480.782 )/ 2 )
=122.412/436.726
=28.03 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(421.122 + 415.256 + 93.866) - (756.875 + 0 + 1.6709999999999)
=171.698

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(357.473 + 435.627 + 113.085) - (641.166 + 0 + 6.228)
=258.791

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Suzhou Hesheng Special Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=113.942/3214.270
=3.54 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Suzhou Hesheng Special Material Co EBIT Related Terms

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Suzhou Hesheng Special Material Co (SZSE:002290) Business Description

Traded in Other Exchanges
N/A
Address
No.135 Wangdun Road, Room 2408, Building 1, Rongsheng Business Center, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215000
Suzhou Hesheng Special Material Co Ltd is engaged in the production of composite materials for home appliances. The business of the company includes substrate performance and application testing, research and development of high performance surface materials, and technical services for materials applications.
Executives
Wang Wen Qi Secretary, Director
Zhang Xiao Xuan Director
Ren Jie Director
Zhao Dong Ming Director
Zhang Wen Hua Directors, executives
Yuan Wen Xiong Directors, Directors, and Executives
Zhang Fu Jun Executives
Guo Hong Bin Executives

Suzhou Hesheng Special Material Co (SZSE:002290) Headlines

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