COSCO SHIPPING Ports (COSCO SHIPPING Ports) EBIT : $302.9 Mil (TTM As of Dec. 2023)

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What is COSCO SHIPPING Ports EBIT?

COSCO SHIPPING Ports's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $141.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $302.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. COSCO SHIPPING Ports's annualized ROC % for the quarter that ended in Dec. 2023 was 2.90%. COSCO SHIPPING Ports's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. COSCO SHIPPING Ports's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.97%.

COSCO SHIPPING Ports EBIT Historical Data

The historical data trend for COSCO SHIPPING Ports'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.

COSCO SHIPPING Ports EBIT Chart

COSCO SHIPPING Ports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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486.48

517.51

606.39

581.36

594.76

COSCO SHIPPING Ports Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															154.87	125.33	-	161.10	141.82

Competitive Comparison of COSCO SHIPPING Ports's EBIT

For the Marine Shipping subindustry, COSCO SHIPPING Ports'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.

COSCO SHIPPING Ports's EV-to-EBIT Distribution in the Transportation Industry

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

* The bar in red indicates where COSCO SHIPPING Ports's EV-to-EBIT falls into.

COSCO SHIPPING Ports 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 quarterly data reported by the company within the most recent 12 months, which was $302.9 Mil.

COSCO SHIPPING Ports (OTCPK:CSPKF) EBIT Explanation

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

COSCO SHIPPING Ports'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	287.348 * ( 1 - -13.03% )	/	( (10850.383	+	11558.162)	/ 2 )
=	324.7894444	/	11204.2725
=	2.90 %

where

	Invested Capital		(Q: Sep. 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	))
=	11388.82	-	608.186	-	( 965.476	-	max(0, 1345.123	-	1275.374	+	965.476	))
=	10850.383

	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	))
=	11931.881	-	442.725	-	( 1162.926	-	max(0, 1607.305	-	1538.299	+	1162.926	))
=	11558.162

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

COSCO SHIPPING Ports'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	567.264	/	( ( (4869.185 + max(-298.288, 0))	+	(4814.699 + max(-306.64, 0)) )	/	2 )
=	567.264	/	( ( 4869.185	+	4814.699 )	/	2 )
=	567.264	/	4841.942
=	11.72 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(237.728	+	20.986	+	51.184)	-	(608.186	+	0	+	0)
=	-298.288

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(115.078	+	19.817	+	73.723)	-	(442.725	+	0	+	72.533)
=	-306.64

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

COSCO SHIPPING Ports's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	302.912	/	5070.841
	=	5.97 %

COSCO SHIPPING Ports EBIT Related Terms

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COSCO SHIPPING Ports (COSCO SHIPPING Ports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Ports Ltd (OTCPK:CSPKF) » Definitions » EBIT

Traded in Other Exchanges

01199:Hong Kong CTH:Germany

Address

183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG

Website

https://ports.coscoshipping.com

COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.