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Shanghai Bright Meat Group Co (SHSE:600073) EBIT : ¥251 Mil (TTM As of Sep. 2024)


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What is Shanghai Bright Meat Group Co EBIT?

Shanghai Bright Meat Group Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥160 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥251 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Bright Meat Group Co's annualized ROC % for the quarter that ended in Sep. 2024 was 4.04%. Shanghai Bright Meat Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Bright Meat Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.03%.


Shanghai Bright Meat Group Co EBIT Historical Data

The historical data trend for Shanghai Bright Meat Group 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.

Shanghai Bright Meat Group Co EBIT Chart

Shanghai Bright Meat Group 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 828.93 1,120.83 242.60 1,218.99 55.76

Shanghai Bright Meat Group 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 -73.73 -336.95 122.40 305.74 160.16

Competitive Comparison of Shanghai Bright Meat Group Co's EBIT

For the Packaged Foods subindustry, Shanghai Bright Meat Group 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.


Shanghai Bright Meat Group Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Shanghai Bright Meat Group Co's EV-to-EBIT falls into.



Shanghai Bright Meat Group 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 ¥251 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.


Shanghai Bright Meat Group Co  (SHSE:600073) EBIT Explanation

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

Shanghai Bright Meat Group 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 )
=384.56 * ( 1 - 7.74% )/( (8942.402 + 8610.081)/ 2 )
=354.795056/8776.2415
=4.04 %

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))
=14060.684 - 3360.397 - ( 3035.138 - max(0, 6222.655 - 7980.54+3035.138))
=8942.402

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))
=13818.883 - 3322.479 - ( 3453.041 - max(0, 5894.717 - 7781.04+3453.041))
=8610.081

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

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

Shanghai Bright Meat Group 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 )
=640.624/( ( (4882.679 + max(1000.065, 0)) + (4868.78 + max(339.24, 0)) )/ 2 )
=640.624/( ( 5882.744 + 5208.02 )/ 2 )
=640.624/5545.382
=11.55 %

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)
=(1731.736 + 2586.975 + 463.74) - (3360.397 + 0 + 421.989)
=1000.065

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1237.588 + 2401.148 + 514.22) - (3322.479 + 0 + 491.237)
=339.24

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:

Shanghai Bright Meat Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=251.346/6241.726
=4.03 %

* 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.


Shanghai Bright Meat Group Co EBIT Related Terms

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Shanghai Bright Meat Group Co Business Description

Traded in Other Exchanges
N/A
Address
Jining Road, No. 18, Shanghai, CHN, 200082
Shanghai Bright Meat Group Co Ltd is a food production and sales company. Its core business is high-protein meat such as pork, beef and mutton, while also focusing on the field of branded food.
Executives
Wang De Qing Director
Wu Xiao Hong Supervisors

Shanghai Bright Meat Group Co Headlines

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