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COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) EBIT : $4,987 Mil (TTM As of Mar. 2024)


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What is COSCO SHIPPING Holdings Co EBIT?

COSCO SHIPPING Holdings Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1,385 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $4,987 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. COSCO SHIPPING Holdings Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.36%. COSCO SHIPPING Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 23.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. COSCO SHIPPING Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 33.88%.


COSCO SHIPPING Holdings Co EBIT Historical Data

The historical data trend for COSCO SHIPPING Holdings 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.

COSCO SHIPPING Holdings Co EBIT Chart

COSCO SHIPPING Holdings Co 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 1,357.65 2,757.42 20,661.60 24,507.20 5,135.63

COSCO SHIPPING Holdings Co 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 1,556.67 1,951.27 1,168.79 481.65 1,385.34

Competitive Comparison of COSCO SHIPPING Holdings Co's EBIT

For the Marine Shipping subindustry, COSCO SHIPPING Holdings 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.


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

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

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



COSCO SHIPPING Holdings 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 $4,987 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.


COSCO SHIPPING Holdings Co  (OTCPK:CICOF) EBIT Explanation

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

COSCO SHIPPING Holdings 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 )
=3892.824 * ( 1 - 16.12% )/( (49529.969 + 39188.007)/ 2 )
=3265.3007712/44358.988
=7.36 %

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))
=64764.206 - 4710.979 - ( 25379.41 - max(0, 17832.383 - 28355.641+25379.41))
=49529.969

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))
=63795.94 - 14670.927 - ( 24231.691 - max(0, 17357.299 - 27294.305+24231.691))
=39188.007

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

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

COSCO SHIPPING Holdings 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 )
=5541.356/( ( (23403.003 + max(-12621.378, 0)) + (24015.551 + max(-14369.104, 0)) )/ 2 )
=5541.356/( ( 23403.003 + 24015.551 )/ 2 )
=5541.356/23709.277
=23.37 %

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)
=(943.19 + 918.932 + 551.868) - (4710.979 + 0 + 10324.389)
=-12621.378

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1236.792 + 899.976 + 448.985) - (14670.927 + 0 + 2283.93)
=-14369.104

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=4987.047/14718.896
=33.88 %

* 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.


COSCO SHIPPING Holdings Co EBIT Related Terms

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COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Business Description

Address
No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080
COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Headlines