Shineco (Shineco) EBIT : $-13.03 Mil (TTM As of Dec. 2023)

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What is Shineco EBIT?

Shineco's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-5.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-13.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shineco's annualized ROC % for the quarter that ended in Dec. 2023 was -16.81%. Shineco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -138.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shineco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -37.03%.

Shineco EBIT Historical Data

The historical data trend for Shineco'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.

Shineco EBIT Chart

Shineco Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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1.68

-5.09

-21.41

-6.20

-8.76

Shineco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-1.68	-2.58	-1.75	-3.40	-5.31

Competitive Comparison of Shineco's EBIT

For the Farm Products subindustry, Shineco'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.

Shineco's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shineco's EV-to-EBIT distribution charts can be found below:

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

Shineco 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 $-13.03 Mil.

Shineco (NAS:SISI) EBIT Explanation

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

Shineco'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 )
=	-21.544 * ( 1 - 12.27% )	/	( (110.898	+	114.024)	/ 2 )
=	-18.9005512	/	112.461
=	-16.81 %

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	))
=	97.847	-	6.035	-	( 0.875	-	max(0, 35.102	-	16.016	+	0.875	))
=	110.898

	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	))
=	102.454	-	7.086	-	( 1.187	-	max(0, 40.506	-	21.85	+	1.187	))
=	114.024

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

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

Shineco'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 )
=	-21.244	/	( ( (6.563 + max(7.791, 0))	+	(6.542 + max(9.728, 0)) )	/	2 )
=	-21.244	/	( ( 14.354	+	16.27 )	/	2 )
=	-21.244	/	15.312
=	-138.74 %

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)
=	(8.364	+	2.118	+	3.807)	-	(6.035	+	0.464	+	-0.00099999999999767)
=	7.791

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.958	+	1.989	+	11.239)	-	(7.086	+	3.372	+	0)
=	9.728

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-13.031	/	35.191
	=	-37.03 %

Shineco EBIT Related Terms

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Shineco (Shineco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shineco Inc (NAS:SISI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

T1, South Tower, Jiazhaoye Square, Chaoyang District, Beijing, CHN, 100022

Website

http://www.biosisi.com

Shineco Inc aims to care for a healthy life and improve the quality of life by providing safe, efficient, and high-quality health products and services to society. The company has researched and developed over 33 vitro diagnostic reagents and related medical devices to date, and it also produces and sells healthy and nutritious food.

Executives

Aamir Ali Quraishi	director	112 EVELYN AVENUE, RUISLIP, LONDON X0 HA4 8AQ
Shanchun Huang	10 percent owner	PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Xiqiao Liu	director, officer: COO	ROOM 504, UNIT1, BUILDING 7, HONGRENJIAY, MAJUQIAO, TONGZHOU DISTRICT, BEIJING F4 101149
Hu Li	director	ROOM 1001, BUILDING T5, DAZU SQUARE, DAXING DISTRICT, BEIJING F4 100176
Jennifer Zhan	director, officer: CEO & Executive Director	ROOM 3106, BUILDING B,, JIANWAI SOHO, CHAOYANG DISTRICT,, BEIJING CITY F4 100022
Minye Wang	director	BUILDING 23, HAI YUE HUA YUAN, KUNMING F4 530000
Lei Gao	director	ROOM 806, WANSHOU HOTEL, NO. A12 WANSHOU ROAD, HAIDIAN DISTRICT, BEIJING F4 100017
Ou Yang	officer: Chief Executive Officer	BUILDING NO. 5, 8 WORKERS SPORTS COMPLEX NORTH ROAD, BEIJING F4 100009
Hua Yang	director	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Yuying Zhang	director, 10 percent owner, officer: Chair of the Board, CEO	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Leiger Yongmin Yang	director	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Jiping Chen	director, 10 percent owner	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Sai Sam Wang	officer: Chief Financial Officer	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Shujuan Ji	director	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Weixing Yin	director	ROOM 3106, BUILDING B, 39 E. 3RD RING, MIDDLE RD, CHAOYANG DISTRICT, BEIJING F4 1000022