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Ningbo Color Master Batch Co (SZSE:301019) EBIT : ¥120.7 Mil (TTM As of Mar. 2024)


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What is Ningbo Color Master Batch Co EBIT?

Ningbo Color Master Batch Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥22.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥120.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningbo Color Master Batch Co's annualized ROC % for the quarter that ended in Mar. 2024 was 22.77%. Ningbo Color Master Batch Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 39.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ningbo Color Master Batch Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.64%.


Ningbo Color Master Batch Co EBIT Historical Data

The historical data trend for Ningbo Color Master Batch 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.

Ningbo Color Master Batch Co EBIT Chart

Ningbo Color Master Batch Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 95.92 116.08 125.36 114.63 117.47

Ningbo Color Master Batch Co Quarterly Data
Dec18 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 19.22 32.36 34.79 31.10 22.44

Competitive Comparison of Ningbo Color Master Batch Co's EBIT

For the Specialty Chemicals subindustry, Ningbo Color Master Batch 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.


Ningbo Color Master Batch Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningbo Color Master Batch Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ningbo Color Master Batch Co's EV-to-EBIT falls into.



Ningbo Color Master Batch 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 ¥120.7 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.


Ningbo Color Master Batch Co  (SZSE:301019) EBIT Explanation

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

Ningbo Color Master Batch 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 )
=89.772 * ( 1 - 15.18% )/( (319.149 + 349.73)/ 2 )
=76.1446104/334.4395
=22.77 %

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))
=1180.093 - 58.592 - ( 802.352 - max(0, 71.469 - 1067.02+802.352))
=319.149

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))
=1150.206 - 62.571 - ( 737.905 - max(0, 70.549 - 1022.311+737.905))
=349.73

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

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

Ningbo Color Master Batch 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 )
=89.772/( ( (81.769 + max(128.966, 0)) + (92.299 + max(147.284, 0)) )/ 2 )
=89.772/( ( 210.735 + 239.583 )/ 2 )
=89.772/225.159
=39.87 %

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)
=(124.931 + 62.668 + 2.27) - (58.592 + 0 + 2.311)
=128.966

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(137.143 + 71.794 + 4.542) - (62.571 + 0 + 3.624)
=147.284

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:

Ningbo Color Master Batch Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=120.688/1580.049
=7.64 %

* 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.


Ningbo Color Master Batch Co EBIT Related Terms

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Ningbo Color Master Batch Co (SZSE:301019) Business Description

Traded in Other Exchanges
N/A
Address
168 Jinhui West Road, Panhuo Street, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315105
Ningbo Masterbatch Co Ltd is engaged in research and development, production, sales and technical services of masterbatch. The company's products include Color masterbatch, Black masterbatch, White masterbatch, and Functional masterbatch. Its products are used in home appliances, food packaging, cosmetics, daily necessities, building materials, and automobiles.
Executives
Zhao Mao Hua Director
Zu Wan Nian Supervisors
Zhou Bi Hong Director
Zhang Xu Bo Supervisors

Ningbo Color Master Batch Co (SZSE:301019) Headlines

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