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SBS Transit (SGX:S61) EBIT : S$89 Mil (TTM As of Dec. 2023)


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What is SBS Transit EBIT?

SBS Transit's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SBS Transit's annualized ROC % for the quarter that ended in Dec. 2023 was 8.47%. SBS Transit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 23.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SBS Transit's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.32%.


SBS Transit EBIT Historical Data

The historical data trend for SBS Transit'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.

SBS Transit EBIT Chart

SBS Transit 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 103.62 80.26 53.85 84.43 89.49

SBS Transit Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 15.56 43.56 40.87 42.39 47.10

Competitive Comparison of SBS Transit's EBIT

For the Railroads subindustry, SBS Transit'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.


SBS Transit's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SBS Transit's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SBS Transit's EV-to-EBIT falls into.



SBS Transit 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$89 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.


SBS Transit  (SGX:S61) EBIT Explanation

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

SBS Transit's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=81.116 * ( 1 - 25.83% )/( (754.084 + 667.18)/ 2 )
=60.1637372/710.632
=8.47 %

where

Invested Capital(Q: Jun. 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))
=1208.961 - 118.099 - ( 374.161 - max(0, 415.813 - 752.591+374.161))
=754.084

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))
=1172.196 - 133.051 - ( 371.965 - max(0, 412.303 - 796.319+371.965))
=667.18

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

SBS Transit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=94.194/( ( (434.792 + max(-120.68, 0)) + (353.546 + max(-137.208, 0)) )/ 2 )
=94.194/( ( 434.792 + 353.546 )/ 2 )
=94.194/394.169
=23.90 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(125.405 + 113.421 + 45.017) - (118.099 + 0 + 286.424)
=-120.68

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(144.696 + 119.876 + 0) - (133.051 + 0 + 268.729)
=-137.208

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SBS Transit's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=89.486/440.345
=20.32 %

* 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.


SBS Transit EBIT Related Terms

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SBS Transit (SGX:S61) Business Description

Traded in Other Exchanges
N/A
Address
205 Braddell Road, Singapore, SGP, 579701
SBS Transit Ltd is a scheduled bus service operator in Singapore. The company operates through two segments comprising Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains and rental collection from commercial and shop space at bus interchanges and rail stations. The firm generates its revenue from the Public Transport Service segment.

SBS Transit (SGX:S61) Headlines

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