Pacific Basin Shipping (Pacific Basin Shipping) EBIT : $134 Mil (TTM As of Dec. 2023)

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What is Pacific Basin Shipping EBIT?

Pacific Basin Shipping's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $134 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pacific Basin Shipping's annualized ROC % for the quarter that ended in Dec. 2023 was 4.42%. Pacific Basin Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pacific Basin Shipping's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.95%.

Pacific Basin Shipping EBIT Historical Data

The historical data trend for Pacific Basin Shipping'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.

Pacific Basin Shipping EBIT Chart

Pacific Basin Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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68.66

-170.62

874.55

726.11

133.51

Pacific Basin Shipping Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															699.19	477.22	248.88	98.37	35.14

Competitive Comparison of Pacific Basin Shipping's EBIT

For the Marine Shipping subindustry, Pacific Basin Shipping'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.

Pacific Basin Shipping's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pacific Basin Shipping's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pacific Basin Shipping's EV-to-EBIT falls into.

Pacific Basin Shipping 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 semi-annually data reported by the company within the most recent 12 months, which was $134 Mil.

Pacific Basin Shipping (OTCPK:PCFBY) EBIT Explanation

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

Pacific Basin Shipping'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	95.098 * ( 1 - -3.96% )	/	( (2334.308	+	2141.632)	/ 2 )
=	98.8638808	/	2237.97
=	4.42 %

where

	Invested Capital		(Q: Jun. 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	))
=	2515.794	-	91.311	-	( 214.933	-	max(0, 422.076	-	512.251	+	214.933	))
=	2334.308

	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	))
=	2432.462	-	104.669	-	( 261.399	-	max(0, 353	-	539.161	+	261.399	))
=	2141.632

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Pacific Basin Shipping'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	70.278	/	( ( (1968.186 + max(-7.406, 0))	+	(1859.868 + max(-19.832, 0)) )	/	2 )
=	70.278	/	( ( 1968.186	+	1859.868 )	/	2 )
=	70.278	/	1914.027
=	3.67 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(110.573	+	129.146	+	29.071)	-	(91.311	+	0	+	184.885)
=	-7.406

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(92.086	+	134.729	+	20.843)	-	(104.669	+	0	+	162.821)
=	-19.832

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Pacific Basin Shipping's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	133.508	/	1920.475
	=	6.95 %

Pacific Basin Shipping EBIT Related Terms

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Pacific Basin Shipping (Pacific Basin Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBY) » Definitions » EBIT

Traded in Other Exchanges

PCFBF:USA 02343:Hong Kong OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, and Australia and New Zealand. The company generates revenue from shipping activities, while the principal sources of which are derived from Handysize and Supramax vessels.