Hubei Guochuang Hi-Tech Material Co (SZSE:002377) EBIT : ¥-110.0 Mil (TTM As of Mar. 2024)

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What is Hubei Guochuang Hi-Tech Material Co EBIT?

Hubei Guochuang Hi-Tech Material Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-1.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-110.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hubei Guochuang Hi-Tech Material Co's annualized ROC % for the quarter that ended in Mar. 2024 was -4.84%. Hubei Guochuang Hi-Tech Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hubei Guochuang Hi-Tech Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.49%.

Hubei Guochuang Hi-Tech Material Co EBIT Historical Data

The historical data trend for Hubei Guochuang Hi-Tech 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.

Hubei Guochuang Hi-Tech Material Co EBIT Chart

Hubei Guochuang Hi-Tech Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

359.71

-2,959.19

-1,032.88

-450.64

-136.83

Hubei Guochuang Hi-Tech 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															-28.67	-22.40	-28.42	-57.34	-1.83

Competitive Comparison of Hubei Guochuang Hi-Tech Material Co's EBIT

For the Building Materials subindustry, Hubei Guochuang Hi-Tech 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.

Hubei Guochuang Hi-Tech Material Co's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Hubei Guochuang Hi-Tech Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hubei Guochuang Hi-Tech Material Co's EV-to-EBIT falls into.

Hubei Guochuang Hi-Tech 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 ¥-110.0 Mil.

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) EBIT Explanation

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

Hubei Guochuang Hi-Tech 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 )
=	-42.22 * ( 1 - 2.88% )	/	( (854.741	+	840.769)	/ 2 )
=	-41.004064	/	847.755
=	-4.84 %

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	))
=	1017.924	-	105.775	-	( 57.408	-	max(0, 462.771	-	620.75	+	57.408	))
=	854.741

	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	))
=	1032.81	-	108.937	-	( 83.104	-	max(0, 484.419	-	639.353	+	83.104	))
=	840.769

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

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

Hubei Guochuang Hi-Tech 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 )
=	-7.32	/	( ( (120.916 + max(395.363, 0))	+	(115.24 + max(383.452, 0)) )	/	2 )
=	-7.32	/	( ( 516.279	+	498.692 )	/	2 )
=	-7.32	/	507.4855
=	-1.44 %

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)
=	(431.861	+	50.732	+	26.212)	-	(105.775	+	0	+	7.667)
=	395.363

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(358.061	+	84.081	+	54.282)	-	(108.937	+	0	+	4.035)
=	383.452

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:

Hubei Guochuang Hi-Tech Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-109.985	/	2002.632
	=	-5.49 %

Hubei Guochuang Hi-Tech Material Co EBIT Related Terms

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Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hubei Guochuang Hi-Tech Material Co Ltd (SZSE:002377) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 8, Wudayuan 3rd Road, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430223

Website

http://www.guochuang.com.cn

Hubei Guochuang Hi-Tech Material Co Ltd is a China-based company specializing in the research, design, production, and sales of modified asphalt, emulsified asphalt and other road materials and equipment. The materials are used for highways, electronic information, bioengineering, environmental engineering technology development and application, undertake modified asphalt road pavement projects, import and export of goods, and technology import and export. The product portfolio of the company includes modified asphalt, colored asphalt, cement asphalt mortar, and other products.

Executives

Peng Ya Chao	Directors, Directors, and Executives
Lv Hua Sheng	Directors, executives
Meng Jun Mei	Executives
Li Mou Yu	Executives
Ji Yong Hai	Executives
He Bin	Supervisors
Zhang Jing Jing	Supervisors
Wu Xin Mu	Independent director
Peng Bin	Directors, executives
Qian Jing	Directors, executives
Hao Li Qun	Director
Gao Tao	Directors, executives
Yin Shi Ming	Executives
Gao Qing Shou	Director
Hu Ling	Executives

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Headlines

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