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Shandong Fengxiang Co (HKSE:09977) EBIT : HK$192 Mil (TTM As of Jun. 2024)


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What is Shandong Fengxiang Co EBIT?

Shandong Fengxiang Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$192 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Fengxiang Co's annualized ROC % for the quarter that ended in Jun. 2024 was 8.81%. Shandong Fengxiang Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Fengxiang Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.49%.


Shandong Fengxiang Co EBIT Historical Data

The historical data trend for Shandong Fengxiang 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.

Shandong Fengxiang Co EBIT Chart

Shandong Fengxiang Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 1,032.68 249.94 123.17 -766.35 279.03

Shandong Fengxiang Co Semi-Annual Data
Dec16 Dec17 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 -22.23 -745.17 144.75 134.28 58.05

Competitive Comparison of Shandong Fengxiang Co's EBIT

For the Packaged Foods subindustry, Shandong Fengxiang 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.


Shandong Fengxiang Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Fengxiang Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Fengxiang Co's EV-to-EBIT falls into.



Shandong Fengxiang 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$192 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 Fengxiang Co  (HKSE:09977) EBIT Explanation

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

Shandong Fengxiang Co'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 )
=145 * ( 1 - -186.84% )/( (4643.986 + 4798.421)/ 2 )
=415.918/4721.2035
=8.81 %

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))
=5531.312 - 857.344 - ( 217.439 - max(0, 1632.1 - 1662.082+217.439))
=4643.986

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))
=5466.098 - 586.265 - ( 327.279 - max(0, 1567.41 - 1648.822+327.279))
=4798.421

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 Fengxiang Co'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 )
=116.092/( ( (3257.944 + max(316.091, 0)) + (3140.81 + max(421.428, 0)) )/ 2 )
=116.092/( ( 3574.035 + 3562.238 )/ 2 )
=116.092/3568.1365
=3.25 %

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)
=(298.236 + 1036.185 + 97.937) - (857.344 + 0 + 258.923)
=316.091

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(330.312 + 906.447 + 82.806) - (586.265 + 0 + 311.872)
=421.428

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=192.328/2566.122
=7.49 %

* 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 Fengxiang Co EBIT Related Terms

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Shandong Fengxiang Co Business Description

Traded in Other Exchanges
N/A
Address
Liumiao Village, Anle Town, Yanggu County, Shandong Province, Liaocheng, CHN
Shandong Fengxiang Co Ltd is a white-feathered broiler producer in the PRC. The company produces its chicken meat products from white-feathered broilers. It also manufactures and markets a wide range of processed chicken meat products. Its main products include chicken meat products, which consist of raw chicken meat products and processed chicken meat products, and chicken breeds.
Executives
Platinum Peony B 2023 Rsc Limited 2101 Beneficial owner
Abu Dhabi Investment Authority 2201 Interest of corporation controlled by you
Pag 2201 Interest of corporation controlled by you
Shan Weijian 2201 Interest of corporation controlled by you
Pag Capital Limited 2201 Interest of corporation controlled by you
Pag Asia Iv Lp 2201 Interest of corporation controlled by you
Pag Asia Capital Gp Iv Limited 2201 Interest of corporation controlled by you
Pacific Alliance Group Limited 2201 Interest of corporation controlled by you
Falcon Holding Lp 2101 Beneficial owner
Falcon Holding Gp Limited 2201 Interest of corporation controlled by you
Shum Yip Investment & Development Company Limited 2201 Interest of corporation controlled by you
Platinum International Investment Holdings Rsc Limited 2201 Interest of corporation controlled by you
Jinyi Capital Multi-strategy Fund Spc Ltd. 2101 Beneficial owner
Hsbc Holdings Plc 2302 Custodian
Futu Trustee Limited 2301 Trustee

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