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Shineroad International Holdings (HKSE:01587) EBIT : HK$47.2 Mil (TTM As of Jun. 2024)


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What is Shineroad International Holdings EBIT?

Shineroad International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$28.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$47.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shineroad International Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 9.32%. Shineroad International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 23.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shineroad International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 15.86%.


Shineroad International Holdings EBIT Historical Data

The historical data trend for Shineroad International Holdings'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.

Shineroad International Holdings EBIT Chart

Shineroad International Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 46.09 59.37 133.83 73.73 36.34

Shineroad International Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 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 37.02 38.47 17.62 18.72 28.43

Competitive Comparison of Shineroad International Holdings's EBIT

For the Food Distribution subindustry, Shineroad International Holdings'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.


Shineroad International Holdings's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Shineroad International Holdings's EV-to-EBIT distribution charts can be found below:

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


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Shineroad International Holdings 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$47.2 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.


Shineroad International Holdings  (HKSE:01587) EBIT Explanation

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

Shineroad International Holdings'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 )
=54.278 * ( 1 - 27.35% )/( (393.766 + 452.167)/ 2 )
=39.432967/422.9665
=9.32 %

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))
=649.326 - 83.288 - ( 172.272 - max(0, 112.37 - 364.233+172.272))
=393.766

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))
=703.579 - 107.368 - ( 144.044 - max(0, 130.397 - 358.377+144.044))
=452.167

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:

Shineroad International Holdings'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 )
=56.868/( ( (132.918 + max(89.124, 0)) + (194.247 + max(75.567, 0)) )/ 2 )
=56.868/( ( 222.042 + 269.814 )/ 2 )
=56.868/245.928
=23.12 %

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)
=(88.069 + 62.462 + 27.702) - (83.288 + 0 + 5.821)
=89.124

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68.139 + 55.082 + 59.714) - (107.368 + 0 + 0)
=75.567

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=47.15/297.344
=15.86 %

* 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.


Shineroad International Holdings EBIT Related Terms

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Shineroad International Holdings Business Description

Traded in Other Exchanges
N/A
Address
Lane 1040, Caoyang Road, Zhongyou Building, 25th Floor South, Block 1, Putuo District, Shanghai, CHN
Shineroad International Holdings Ltd is a distributor in the food ingredients and additives distribution industry with the capabilities to provide food ingredients application solutions to its customers. The company supplies its extensive portfolio of various food ingredients and food additives to food manufacturers in the PRC, Vietnam, and Thailand. It has one reportable segment which is the distribution of food ingredients and food additives. Its products are classified into food ingredients, food additives, and packaging materials. The Company derives its revenue mainly from the distribution of food ingredients and food additives in the PRC.
Executives
Asian Equity Special Opportunities Portfolio Master Fund Limited 2101 Beneficial owner
Rays Capital Partners Limited 2102 Investment manager
Ruan David Ching Chi 2201 Interest of corporation controlled by you
Chen Dongying 2202 Interest of your spouse
Huang Haixiao 2201 Interest of corporation controlled by you
Ocean Town Company Limited 2201 Interest of corporation controlled by you
Shineroad Group Limited 2101 Beneficial owner

Shineroad International Holdings Headlines

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