Guangdong Feinan Resources Recycling Co (SZSE:301500) EBIT : ¥176 Mil (TTM As of Mar. 2024)

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What is Guangdong Feinan Resources Recycling Co EBIT?

Guangdong Feinan Resources Recycling Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥176 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangdong Feinan Resources Recycling Co's annualized ROC % for the quarter that ended in Mar. 2024 was 0.05%. Guangdong Feinan Resources Recycling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangdong Feinan Resources Recycling Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.42%.

Guangdong Feinan Resources Recycling Co EBIT Historical Data

The historical data trend for Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling Co EBIT Chart

Guangdong Feinan Resources Recycling Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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647.49

724.42

805.10

306.89

277.48

Guangdong Feinan Resources Recycling Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial											64.48	97.54	78.70	36.76	-37.37

Competitive Comparison of Guangdong Feinan Resources Recycling Co's EBIT

For the Waste Management subindustry, Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling Co's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Guangdong Feinan Resources Recycling Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangdong Feinan Resources Recycling Co's EV-to-EBIT falls into.

Guangdong Feinan Resources Recycling 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 ¥176 Mil.

Guangdong Feinan Resources Recycling Co (SZSE:301500) EBIT Explanation

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

Guangdong Feinan Resources Recycling 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 )
=	4.46 * ( 1 - -1.49% )	/	( (8620.12	+	9042.461)	/ 2 )
=	4.526454	/	8831.2905
=	0.05 %

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	))
=	10605.513	-	1600.085	-	( 385.308	-	max(0, 3871.482	-	4383.33	+	385.308	))
=	8620.12

	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	))
=	11166.532	-	1757.575	-	( 450.725	-	max(0, 4423.628	-	4790.124	+	450.725	))
=	9042.461

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

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

Guangdong Feinan Resources Recycling 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 )
=	-149.472	/	( ( (5737.461 + max(2100.934, 0))	+	(5852.368 + max(2238.947, 0)) )	/	2 )
=	-149.472	/	( ( 7838.395	+	8091.315 )	/	2 )
=	-149.472	/	7964.855
=	-1.88 %

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)
=	(67.665	+	3287.625	+	412.151)	-	(1600.085	+	0	+	66.422)
=	2100.934

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.897	+	3564.686	+	531.118)	-	(1757.575	+	0	+	155.179)
=	2238.947

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:

Guangdong Feinan Resources Recycling Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	175.628	/	12372.146
	=	1.42 %

Guangdong Feinan Resources Recycling Co EBIT Related Terms

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Guangdong Feinan Resources Recycling Co (SZSE:301500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guangdong Feinan Resources Recycling Co Ltd (SZSE:301500) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3-6, Dachong Section, Guihe Road, Lishui Town, Nanhai, Guangdong, Foshan, CHN, 526233

Website

https://www.feinanresources.com

Guangdong Feinan Resources Recycling Co Ltd is mainly engaged in the disposal of non-ferrous metal hazardous waste and the recycling of renewable resources. It is an environmental protection enterprise covering hazardous waste collection, harmless disposal, and resource recycling. The company applies traditional metallurgical technology to the non-ferrous metal hazardous waste disposal and utilization business. It can combine different batches of hazardous waste with low metal grade and different impurity content with copper-containing materials and adopt leading process technology to ultimately produce electrolytic copper, and ice Copper, anode slime and other resource-based products can truly realize resource regeneration and turn waste into treasure.

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