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Shandong Hi-Speed Holdings Group (HKSE:00412) EBIT : HK$2,830 Mil (TTM As of Jun. 2024)


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What is Shandong Hi-Speed Holdings Group EBIT?

Shandong Hi-Speed Holdings Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$1,321 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$2,830 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Hi-Speed Holdings Group's annualized ROC % for the quarter that ended in Jun. 2024 was 1.49%. Shandong Hi-Speed Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Hi-Speed Holdings Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.47%.


Shandong Hi-Speed Holdings Group EBIT Historical Data

The historical data trend for Shandong Hi-Speed Holdings Group'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.

Shandong Hi-Speed Holdings Group EBIT Chart

Shandong Hi-Speed Holdings Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,576.17 242.84 268.47 1,629.02 2,676.56

Shandong Hi-Speed Holdings Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 617.73 1,011.29 1,167.73 1,508.83 1,320.76

Competitive Comparison of Shandong Hi-Speed Holdings Group's EBIT

For the Asset Management subindustry, Shandong Hi-Speed Holdings Group'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.


Shandong Hi-Speed Holdings Group's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's EV-to-EBIT falls into.


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Shandong Hi-Speed Holdings Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$2,830 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.


Shandong Hi-Speed Holdings Group  (HKSE:00412) EBIT Explanation

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

Shandong Hi-Speed Holdings Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=2195.91 * ( 1 - 57.6% )/( (63688.991 + 61536.455)/ 2 )
=931.06584/62612.723
=1.49 %

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))
=72737.804 - 2947.135 - ( 9239.302 - max(0, 21098.322 - 27200+9239.302))
=63688.991

Invested Capital(Q: Jun. 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))
=78842.167 - 3086.205 - ( 15616.253 - max(0, 19623.972 - 33843.479+15616.253))
=61536.455

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Shandong Hi-Speed Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2641.516/( ( (27886.268 + max(10619.558, 0)) + (26846.422 + max(11598.703, 0)) )/ 2 )
=2641.516/( ( 38505.826 + 38445.125 )/ 2 )
=2641.516/38475.4755
=6.87 %

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)
=(12271.772 + 71.424 + 1744.805) - (2947.135 + 0 + 521.308)
=10619.558

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13307.903 + 46.941 + 1591.539) - (3086.205 + 0 + 261.475)
=11598.703

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Shandong Hi-Speed Holdings Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=2829.586/81556.622
=3.47 %

* 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.


Shandong Hi-Speed Holdings Group EBIT Related Terms

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Shandong Hi-Speed Holdings Group Business Description

Traded in Other Exchanges
N/A
Address
99 Queen’s Road Central, 38th Floor, The Center, Central, Hong Kong, HKG
Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include the Industrial investment segment in operations of the industrial investment-related business; the Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; the Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services. The majority is from the Industrial Investment segment & key revenue is from the PRC.
Executives
Haitong International Holdings Limited 2201 Interest of corporation controlled by you
Haitong International Securities Group Limited 2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd. 2201 Interest of corporation controlled by you
Shan Dong Gao Su Ji Tuan You Xian Gong Si 2101 Beneficial owner
China Credit Trust Co., Ltd 2201 Interest of corporation controlled by you
Harvest Fund Management Co., Ltd. 2201 Interest of corporation controlled by you
Shandong Hi-speed (bvi) Capital Management Limited
Shandong Hi-speed (hong Kong) International Capital Limited
Shandong International (hong Kong) Limited
Shan Dong Sheng Nong Cun Jing Ji Kai Fa Tou Zi Gong Si
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Tai Fung Bank Limited 2106 Person having a security interest in shares
Zhong Guo Yin Xing Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
China Credit Trust Co., Ltd. 2201 Interest of corporation controlled by you
Lau Mo 2201 Interest of corporation controlled by you

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