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Baoshan Iron & Steel Co (SHSE:600019) EBIT : ¥12,906 Mil (TTM As of Sep. 2024)


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What is Baoshan Iron & Steel Co EBIT?

Baoshan Iron & Steel Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥2,368 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥12,906 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Baoshan Iron & Steel Co's annualized ROC % for the quarter that ended in Sep. 2024 was 2.31%. Baoshan Iron & Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Baoshan Iron & Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.28%.


Baoshan Iron & Steel Co EBIT Historical Data

The historical data trend for Baoshan Iron & Steel 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.

Baoshan Iron & Steel Co EBIT Chart

Baoshan Iron & Steel Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18,038.03 17,879.47 32,610.98 16,645.91 16,541.37

Baoshan Iron & Steel Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5,761.13 3,573.30 3,135.41 3,828.93 2,367.94

Competitive Comparison of Baoshan Iron & Steel Co's EBIT

For the Steel subindustry, Baoshan Iron & Steel 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.


Baoshan Iron & Steel Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Baoshan Iron & Steel Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Baoshan Iron & Steel Co's EV-to-EBIT falls into.


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Baoshan Iron & Steel 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥12,906 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.


Baoshan Iron & Steel Co  (SHSE:600019) EBIT Explanation

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

Baoshan Iron & Steel Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=8156.128 * ( 1 - 17.43% )/( (295456.581 + 288406.56)/ 2 )
=6734.5148896/291931.5705
=2.31 %

where

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))
=367973.623 - 60332.203 - ( 21186.584 - max(0, 118878.716 - 131063.555+21186.584))
=295456.581

Invested Capital(Q: Sep. 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))
=367179.477 - 59089.885 - ( 24088.714 - max(0, 115037.196 - 134720.228+24088.714))
=288406.56

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Baoshan Iron & Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9471.76/( ( (166729.319 + max(-3468.213, 0)) + (165584.382 + max(-2271.826, 0)) )/ 2 )
=9471.76/( ( 166729.319 + 165584.382 )/ 2 )
=9471.76/166156.8505
=5.70 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14909.689 + 43797.004 + 31352.568) - (60332.203 + 0 + 33195.271)
=-3468.213

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15351.739 + 41159.449 + 36393.012) - (59089.885 + 0 + 36086.141)
=-2271.826

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Baoshan Iron & Steel Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=12905.59/205431.959
=6.28 %

* 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.


Baoshan Iron & Steel Co EBIT Related Terms

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Baoshan Iron & Steel Co Business Description

Traded in Other Exchanges
N/A
Address
Baosteel Command Center, No. 885, Fujin Road, Baoshan District, Shanghai, CHN, 201999
Baoshan Iron & Steel Co Ltd is engaged in steel smelting and processing, electricity, coal, industrial gas production, docks, warehousing, transportation and other steel-related businesses.
Executives
Wu Xiao Di Director
Wu Kun Zong senior management
Zhi Xi Wei senior management
Wang Juan senior management
Sheng Geng Hong senior management
Zhu Jun Sheng Director
Chu Shuang Jie senior management
Liu An senior management
Wang Jing senior management
Yao Lin Long senior management
He Mei Fen Supervisors
Dai Zhi Hao Director
Li Yong Xiang senior management
Hou An Gui senior management
Zhou Jian Feng senior management

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