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Muyuan Foods Co (SZSE:002714) EBIT : ¥-2,566 Mil (TTM As of Mar. 2024)


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What is Muyuan Foods Co EBIT?

Muyuan Foods Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-1,595 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-2,566 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Muyuan Foods Co's annualized ROC % for the quarter that ended in Mar. 2024 was -3.40%. Muyuan Foods Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Muyuan Foods Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.80%.


Muyuan Foods Co EBIT Historical Data

The historical data trend for Muyuan Foods 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.

Muyuan Foods Co EBIT Chart

Muyuan Foods 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 6,879.39 31,271.58 9,403.06 17,387.74 -1,398.08

Muyuan Foods 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 -426.80 -1,030.37 2,191.35 -2,132.26 -1,594.67

Competitive Comparison of Muyuan Foods Co's EBIT

For the Farm Products subindustry, Muyuan Foods 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.


Muyuan Foods Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Muyuan Foods Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Muyuan Foods Co's EV-to-EBIT falls into.



Muyuan Foods 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 ¥-2,566 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.


Muyuan Foods Co  (SZSE:002714) EBIT Explanation

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

Muyuan Foods 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 )
=-6485.06 * ( 1 - 0.37% )/( (188015.001 + 191710.506)/ 2 )
=-6461.065278/189862.7535
=-3.40 %

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))
=195404.554 - 38465.794 - ( 19450.29 - max(0, 94659.04 - 63582.799+19450.29))
=188015.001

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))
=196664.429 - 37937.786 - ( 23024.187 - max(0, 97955.692 - 64971.829+23024.187))
=191710.506

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

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

Muyuan Foods 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 )
=-6378.664/( ( (119732.964 + max(4749.042, 0)) + (118198.598 + max(3137.219, 0)) )/ 2 )
=-6378.664/( ( 124482.006 + 121335.817 )/ 2 )
=-6378.664/122908.9115
=-5.19 %

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)
=(167.837 + 41930.813 + 1729.221) - (38465.794 + 0 + 613.03499999999)
=4749.042

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96.334 + 39330.718 + 2278.373) - (37937.786 + 0 + 630.42)
=3137.219

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:

Muyuan Foods Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-2565.946/320779.704
=-0.80 %

* 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.


Muyuan Foods Co EBIT Related Terms

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Muyuan Foods Co (SZSE:002714) Business Description

Traded in Other Exchanges
N/A
Address
Longsheng Industrial Park, Wolong District, Nanyang, CHN, 473000
Muyuan Foods is the largest hog producer in China and operates an integrated model, stretching from feed processing, swine medicine development, and sow breeding, to hog raising and slaughtering. The company derives over 80% of its sales from hog production and has increased its exposure to hog processing in recent years. In recent years, feed processing has also taken up a mid-single-digit percentage of sales. Muyuan's hog output has increased 46 times between 2013 and 2022.

Muyuan Foods Co (SZSE:002714) Headlines

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