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China Southern Airlines Co (SHSE:600029) EBIT : ¥4,283 Mil (TTM As of Dec. 2023)


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What is China Southern Airlines Co EBIT?

China Southern Airlines Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ¥-4,080 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ¥4,283 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Southern Airlines Co's annualized ROC % for the quarter that ended in Dec. 2023 was -3.34%. China Southern Airlines Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Southern Airlines Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.53%.


China Southern Airlines Co EBIT Historical Data

The historical data trend for China Southern Airlines 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.

China Southern Airlines Co EBIT Chart

China Southern Airlines 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 9,915.00 -8,470.00 -7,701.00 -25,520.00 4,283.00

China Southern Airlines Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -9,385.00 79.00 1,130.00 7,154.00 -4,080.00

Competitive Comparison of China Southern Airlines Co's EBIT

For the Airlines subindustry, China Southern Airlines 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.


China Southern Airlines Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Southern Airlines Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Southern Airlines Co's EV-to-EBIT falls into.



China Southern Airlines 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥4,283 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.


China Southern Airlines Co  (SHSE:600029) EBIT Explanation

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

China Southern Airlines Co'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-12020 * ( 1 - -4.3% )/( (374731 + 376224)/ 2 )
=-12536.86/375477.5
=-3.34 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

China Southern Airlines Co'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-16320/( ( (247972 + max(-39781, 0)) + (249406 + max(-29632, 0)) )/ 2 )
=-16320/( ( 247972 + 249406 )/ 2 )
=-16320/248689
=-6.56 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4270 + 1791 + 7278) - (35612 + 9842 + 7666)
=-39781

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3322 + 1565 + 9773) - (34697 + 0 + 9595)
=-29632

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=4283/280069.974
=1.53 %

* 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.


China Southern Airlines Co EBIT Related Terms

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China Southern Airlines Co (SHSE:600029) Business Description

Traded in Other Exchanges
Address
68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403
China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

China Southern Airlines Co (SHSE:600029) Headlines

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