Levima Advanced Materials (SZSE:003022) EBIT : ¥409 Mil (TTM As of Mar. 2024)

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What is Levima Advanced Materials EBIT?

Levima Advanced Materials's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥104 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥409 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Levima Advanced Materials's annualized ROC % for the quarter that ended in Mar. 2024 was 1.68%. Levima Advanced Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Levima Advanced Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.52%.

Levima Advanced Materials EBIT Historical Data

The historical data trend for Levima Advanced Materials'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.

Levima Advanced Materials EBIT Chart

Levima Advanced Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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674.56

789.93

1,424.08

999.84

521.22

Levima Advanced Materials 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															216.09	260.06	128.42	-83.36	104.24

Competitive Comparison of Levima Advanced Materials's EBIT

For the Chemicals subindustry, Levima Advanced Materials'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.

Levima Advanced Materials's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Levima Advanced Materials's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Levima Advanced Materials's EV-to-EBIT falls into.

Levima Advanced Materials 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 ¥409 Mil.

Levima Advanced Materials (SZSE:003022) EBIT Explanation

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

Levima Advanced Materials'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 )
=	392.34 * ( 1 - 25.01% )	/	( (17251.052	+	17713.159)	/ 2 )
=	294.215766	/	17482.1055
=	1.68 %

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	))
=	17024.345	-	1500.27	-	( 2500.269	-	max(0, 5747.877	-	4020.9	+	2500.269	))
=	17251.052

	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	))
=	18451.825	-	1282.501	-	( 3629.972	-	max(0, 5758.391	-	5214.556	+	3629.972	))
=	17713.159

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

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

Levima Advanced Materials'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 )
=	416.956	/	( ( (10358.714 + max(-134.296, 0))	+	(10401.194 + max(104.139, 0)) )	/	2 )
=	416.956	/	( ( 10358.714	+	10505.333 )	/	2 )
=	416.956	/	10432.0235
=	4.00 %

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)
=	(196.071	+	651.557	+	580.19)	-	(1500.27	+	0	+	61.844000000001)
=	-134.296

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(181.263	+	664.008	+	634.488)	-	(1282.501	+	0	+	93.119)
=	104.139

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:

Levima Advanced Materials's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	409.368	/	26905.330
	=	1.52 %

Levima Advanced Materials EBIT Related Terms

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Levima Advanced Materials (SZSE:003022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Levima Advanced Materials Corp (SZSE:003022) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Resident of Mushi Town, Shandong Province (Mushi Industrial Park), Tengzhou, CHN, 277500

Website

http://www.levima.cn

Levima Advanced Materials Corp is a producer and supplier of high-end advanced material products and solutions. Levima advanced material product mainly include Ethylene-vinyl acetate, polypropylene, ethylene oxide and ethylene oxide derivative, which are widely used in photovoltaic, cable, shoe material, plastic, daily chemical, textile, construction, road, bridge, automobile, leather, coating, agricultural chemical, metal processing and other fields.

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