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China Shengmu Organic Milk (HKSE:01432) EBIT : HK$-18 Mil (TTM As of Jun. 2024)


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What is China Shengmu Organic Milk EBIT?

China Shengmu Organic Milk's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-131 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Shengmu Organic Milk's annualized ROC % for the quarter that ended in Jun. 2024 was 8.27%. China Shengmu Organic Milk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -9.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Shengmu Organic Milk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.51%.


China Shengmu Organic Milk EBIT Historical Data

The historical data trend for China Shengmu Organic Milk'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.

China Shengmu Organic Milk EBIT Chart

China Shengmu Organic Milk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 684.89 703.37 574.76 164.93 -16.90

China Shengmu Organic Milk Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 291.92 51.76 113.17 -131.38 113.40

Competitive Comparison of China Shengmu Organic Milk's EBIT

For the Farm Products subindustry, China Shengmu Organic Milk'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.


China Shengmu Organic Milk's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where China Shengmu Organic Milk's EV-to-EBIT falls into.


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China Shengmu Organic Milk 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$-18 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.


China Shengmu Organic Milk  (HKSE:01432) EBIT Explanation

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

China Shengmu Organic Milk'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 )
=654.426 * ( 1 - -0% )/( (7969.964 + 7848.322)/ 2 )
=654.426/7909.143
=8.27 %

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))
=9315.617 - 2294.184 - ( 574.734 - max(0, 3305.67 - 2357.139+574.734))
=7969.964

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))
=8673.809 - 1536.246 - ( 560.043 - max(0, 2486.276 - 1775.517+560.043))
=7848.322

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:

China Shengmu Organic Milk'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 )
=-262.768/( ( (2779.147 + max(-598.245, 0)) + (2697.218 + max(-422.991, 0)) )/ 2 )
=-262.768/( ( 2779.147 + 2697.218 )/ 2 )
=-262.768/2738.1825
=-9.60 %

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)
=(331.775 + 1201.429 + 162.735) - (2294.184 + 0 + 0)
=-598.245

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(256.192 + 740.744 + 116.319) - (1536.246 + 0 + 0)
=-422.991

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:

China Shengmu Organic Milk's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-17.982/3541.043
=-0.51 %

* 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.


China Shengmu Organic Milk EBIT Related Terms

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China Shengmu Organic Milk Business Description

Traded in Other Exchanges
Address
Inner Mongolia Autonomous Region, Food Industry Park, Deng Kou County, Bayannur, CHN
China Shengmu Organic Milk Ltd is an organic dairy company in China. The company, through its subsidiaries, is engaged in the production and distribution of raw milk and dairy products. It operates in a single segment that is the Dairy Farming business. The company's income is mainly derived from its business activities in Mainland China.
Executives
Bpea Eqt Holdings Ab 2201 Interest of corporation controlled by you
Bei Jing Ke Gao Da Bei Nong Sheng Wu Ke Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Da Bei Nong Ke Ji Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Da Bei Nong Huan Qiu Tou Zi Xiang Gang You Xian Gong Si 2101 Beneficial owner
Bpea Private Equity Gp V, L.p. 2201 Interest of corporation controlled by you
Bpea Private Equity Gp V Limited 2201 Interest of corporation controlled by you
Bpea Private Equity Fund V, L.p. 2201 Interest of corporation controlled by you
Eqt Ab 2201 Interest of corporation controlled by you
Greenbelt Global Limited 2101 Beneficial owner
Salata Jean Eric 2201 Interest of corporation controlled by you
China Mengniu Dairy Company Limited 2201 Interest of corporation controlled by you
Shao Genhuo
The Baring Asia Private Equity Fund V, L.p. 2201 Interest of corporation controlled by you
Baring Private Equity Asia Gp V, L.p. 2201 Interest of corporation controlled by you
Baring Private Equity Asia Gp V Limited 2201 Interest of corporation controlled by you

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