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Sunresin New Materials Co Xi'an (SZSE:300487) EBIT : ¥895 Mil (TTM As of Mar. 2024)


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What is Sunresin New Materials Co Xi'an EBIT?

Sunresin New Materials Co Xi'an's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥207 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥895 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sunresin New Materials Co Xi'an's annualized ROC % for the quarter that ended in Mar. 2024 was 26.70%. Sunresin New Materials Co Xi'an's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 74.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sunresin New Materials Co Xi'an's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.06%.


Sunresin New Materials Co Xi'an EBIT Historical Data

The historical data trend for Sunresin New Materials Co Xi'an'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.

Sunresin New Materials Co Xi'an EBIT Chart

Sunresin New Materials Co Xi'an 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 298.68 230.42 355.03 617.89 846.31

Sunresin New Materials Co Xi'an 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 158.52 223.58 204.94 259.27 207.41

Competitive Comparison of Sunresin New Materials Co Xi'an's EBIT

For the Chemicals subindustry, Sunresin New Materials Co Xi'an'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.


Sunresin New Materials Co Xi'an's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sunresin New Materials Co Xi'an's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sunresin New Materials Co Xi'an's EV-to-EBIT falls into.



Sunresin New Materials Co Xi'an 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 ¥895 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.


Sunresin New Materials Co Xi'an  (SZSE:300487) EBIT Explanation

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

Sunresin New Materials Co Xi'an'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 )
=825.192 * ( 1 - 12.95% )/( (2581.195 + 2799.42)/ 2 )
=718.329636/2690.3075
=26.70 %

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))
=5695.042 - 775.062 - ( 2338.785 - max(0, 1713.374 - 4231.326+2338.785))
=2581.195

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))
=5830.032 - 706.803 - ( 2323.809 - max(0, 1658.619 - 4418.003+2323.809))
=2799.42

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

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

Sunresin New Materials Co Xi'an'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 )
=829.62/( ( (919.965 + max(105.016, 0)) + (881.531 + max(327.414, 0)) )/ 2 )
=829.62/( ( 1024.981 + 1208.945 )/ 2 )
=829.62/1116.963
=74.27 %

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)
=(621.954 + 1100.064 + 52.705) - (775.062 + 0 + 894.645)
=105.016

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(715.988 + 1160.599 + 61.361) - (706.803 + 0 + 903.731)
=327.414

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:

Sunresin New Materials Co Xi'an's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=895.202/22025.140
=4.06 %

* 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.


Sunresin New Materials Co Xi'an EBIT Related Terms

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Sunresin New Materials Co Xi'an (SZSE:300487) Business Description

Traded in Other Exchanges
N/A
Address
No. 135, Jinye Road, Xi'an High-tech Development Zone, Sunresin Park, Shaanxi, CHN, 710076
Sunresin New Materials Co Ltd Xi'an is engaged in the research and development, manufacture, and sale of adsorption and separation polymeric resins and equipment. The company products are used in food and beverage purification, pharmaceuticals, herbal extracts, enzyme immobilization, chromatography media, membrane caustic soda, solid phase synthesis, biodiesel purification, hydrometallurgy, mining, precious metal recycling, aquarium treatment, and others.
Executives
An Yuan Directors, executives
Li Sui Dang Director
Li Yan Jun Supervisors
Fan Wen Min Supervisors
Wei Wei Jun Directors, executives
Kou Xiao Kang Directors, executives
Gao Yue Jing Director
Zhang Cheng Directors, executives
Yang Ya Ling Supervisors
Wang Ri Sheng Supervisors
Xu Shu E Supervisors
Guan Li Min Directors, executives
Su Bi Wu Supervisors
Tian Xiao Jun Directors, executives

Sunresin New Materials Co Xi'an (SZSE:300487) Headlines

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