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Semiconductor Manufacturing International (HKSE:00981) EBIT : HK$10,939 Mil (TTM As of Dec. 2023)


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What is Semiconductor Manufacturing International EBIT?

Semiconductor Manufacturing International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$2,428 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$10,939 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Semiconductor Manufacturing International's annualized ROC % for the quarter that ended in Dec. 2023 was 1.07%. Semiconductor Manufacturing International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Semiconductor Manufacturing International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.64%.


Semiconductor Manufacturing International EBIT Historical Data

The historical data trend for Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International EBIT Chart

Semiconductor Manufacturing International 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 1,917.85 6,284.02 15,211.69 18,215.40 10,909.30

Semiconductor Manufacturing International 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 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 3,569.29 2,510.90 4,262.16 1,737.50 2,427.96

Competitive Comparison of Semiconductor Manufacturing International's EBIT

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.


Semiconductor Manufacturing International's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's EV-to-EBIT distribution charts can be found below:

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



Semiconductor Manufacturing International 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 HK$10,939 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.


Semiconductor Manufacturing International  (HKSE:00981) EBIT Explanation

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

Semiconductor Manufacturing International'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 )
=3282.396 * ( 1 - 4.32% )/( (289492.169 + 296891.835)/ 2 )
=3140.5964928/293192.002
=1.07 %

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))
=366017.306 - 27041.674 - ( 82410.134 - max(0, 65686.986 - 115170.449+82410.134))
=289492.169

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))
=373209.349 - 29196.453 - ( 73245.599 - max(0, 59366.835 - 106487.896+73245.599))
=296891.835

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

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

Semiconductor Manufacturing International'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 )
=9711.828/( ( (178317.518 + max(-15023.917, 0)) + (187456.685 + max(-17171.11, 0)) )/ 2 )
=9711.828/( ( 178317.518 + 187456.685 )/ 2 )
=9711.828/182887.1015
=5.31 %

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)
=(9541.298 + 20173.269 + 3045.748) - (27041.674 + 0 + 20742.558)
=-15023.917

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3860.728 + 21366.996 + 7216.505) - (29196.453 + 0 + 20418.886)
=-17171.11

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:

Semiconductor Manufacturing International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=10938.517/193867.538
=5.64 %

* 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.


Semiconductor Manufacturing International EBIT Related Terms

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Semiconductor Manufacturing International (HKSE:00981) Business Description

Traded in Other Exchanges
Address
No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

Semiconductor Manufacturing International (HKSE:00981) Headlines

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