Yangzijiang Shipbuilding (Holdings) (SGX:BS6) EBIT : S$681 Mil (TTM As of Dec. 2022)

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What is Yangzijiang Shipbuilding (Holdings) EBIT?

Yangzijiang Shipbuilding (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was S$365 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was S$681 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yangzijiang Shipbuilding (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2022 was 13.92%. Yangzijiang Shipbuilding (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 63.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yangzijiang Shipbuilding (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 14.08%.

Yangzijiang Shipbuilding (Holdings) EBIT Historical Data

The historical data trend for Yangzijiang Shipbuilding (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.

Yangzijiang Shipbuilding (Holdings) EBIT Chart

Yangzijiang Shipbuilding (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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845.15

692.50

584.51

661.05

975.09

Yangzijiang Shipbuilding (Holdings) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
EBIT	Get a 7-Day Free Trial															263.43	312.82	315.91	364.78	-

Competitive Comparison of Yangzijiang Shipbuilding (Holdings)'s EBIT

For the Aerospace & Defense subindustry, Yangzijiang Shipbuilding (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.

Yangzijiang Shipbuilding (Holdings)'s EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Yangzijiang Shipbuilding (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yangzijiang Shipbuilding (Holdings)'s EV-to-EBIT falls into.

Yangzijiang Shipbuilding (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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$681 Mil.

Yangzijiang Shipbuilding (Holdings) (SGX:BS6) EBIT Explanation

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

Yangzijiang Shipbuilding (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	637.352 * ( 1 - 20.31% )	/	( (3703.703	+	3595.988)	/ 2 )
=	507.9058088	/	3649.8455
=	13.92 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	6523.475	-	938.284	-	( 2355.552	-	max(0, 2599.199	-	4480.687	+	2355.552	))
=	3703.703

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	6392.262	-	711.235	-	( 2418.556	-	max(0, 2376.556	-	4461.595	+	2418.556	))
=	3595.988

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

Yangzijiang Shipbuilding (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	729.552	/	( ( (1142.85 + max(-628.443, 0))	+	(1160.772 + max(-1001.055, 0)) )	/	2 )
=	729.552	/	( ( 1142.85	+	1160.772 )	/	2 )
=	729.552	/	1151.811
=	63.34 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(859.909	+	334.82	+	36.558999999999)	-	(938.284	+	0	+	921.447)
=	-628.443

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(221.956	+	238.711	+	474.841)	-	(711.235	+	0	+	1225.328)
=	-1001.055

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	680.682	/	4833.120
	=	14.08 %

Yangzijiang Shipbuilding (Holdings) EBIT Related Terms

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Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Yangzijiang Shipbuilding (Holdings) Ltd (SGX:BS6) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

YSHLF:USA B8O:Germany

Address

No. 1 Lianyi Road, Jiangyin-Jingjiang Industry Zone, Jiangsu Province, Jingjiang, CHN, 214532

Website

http://www.yzjship.com

Yangzijiang Shipbuilding (Holdings) Ltd is a large conglomerate, with shipbuilding and offshore engineering as its core focus. Its reportable segments comprise Shipbuilding, Shipping and others. The majority of revenue gets derived from the Shipbuilding segment that of shipbuilding and offshore marine equipment construction. The principal activities of the shipping segment consist of charter hire income earned by vessel owning companies. Geographically, it generates revenue from China.

Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Headlines

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