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Shanghai Zhenhua Heavy Industries Co (SHSE:600320) EBIT : ¥1,825 Mil (TTM As of Mar. 2024)


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What is Shanghai Zhenhua Heavy Industries Co EBIT?

Shanghai Zhenhua Heavy Industries Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥512 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,825 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Zhenhua Heavy Industries Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.88%. Shanghai Zhenhua Heavy Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Zhenhua Heavy Industries Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.78%.


Shanghai Zhenhua Heavy Industries Co EBIT Historical Data

The historical data trend for Shanghai Zhenhua Heavy Industries 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 Zhenhua Heavy Industries Co EBIT Chart

Shanghai Zhenhua Heavy Industries 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 2,293.17 1,845.45 1,699.79 1,693.56 1,751.02

Shanghai Zhenhua Heavy Industries Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 438.34 496.26 354.69 461.73 512.15

Competitive Comparison of Shanghai Zhenhua Heavy Industries Co's EBIT

For the Specialty Industrial Machinery subindustry, Shanghai Zhenhua Heavy Industries 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 Zhenhua Heavy Industries Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Zhenhua Heavy Industries Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Zhenhua Heavy Industries Co's EV-to-EBIT falls into.



Shanghai Zhenhua Heavy Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥1,825 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 Zhenhua Heavy Industries Co  (SHSE:600320) EBIT Explanation

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

Shanghai Zhenhua Heavy Industries Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1612.892 * ( 1 - 17.2% )/( (72017.172 + 70139.485)/ 2 )
=1335.474576/71078.3285
=1.88 %

where

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))
=84864.576 - 15535.645 - ( 5825.673 - max(0, 48198.635 - 45510.394+5825.673))
=72017.172

Invested Capital(Q: Mar. 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))
=84691.501 - 14542.119 - ( 5223.981 - max(0, 45145.512 - 45155.409+5223.981))
=70139.485

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

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

Shanghai Zhenhua Heavy Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2048.58/( ( (25238.033 + max(-86.625000000007, 0)) + (25167.625 + max(84.371000000003, 0)) )/ 2 )
=2048.58/( ( 25238.033 + 25251.996 )/ 2 )
=2048.58/25245.0145
=8.11 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7266.298 + 24281.402 + 3131.969) - (15535.645 + 0 + 19230.649)
=-86.625000000007

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6720.868 + 25388.333 + 2851.391) - (14542.119 + 0 + 20334.102)
=84.371000000003

When net working capital is negative, 0 is used.

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

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

Shanghai Zhenhua Heavy Industries Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1824.824/38207.039
=4.78 %

* 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 Zhenhua Heavy Industries Co EBIT Related Terms

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Shanghai Zhenhua Heavy Industries Co (SHSE:600320) Business Description

Traded in Other Exchanges
Address
No.3470, Pudong South Road, Shanghai, CHN, 200125
Shanghai Zhenhua Heavy Industries Co Ltd manufactures heavy equipment and offers product design and aftermarket services. It constructs large port loading systems and equipment, offshore heavy equipment, engineering machinery, ships, and other large structures. In addition, the company offers environment-friendly devices, including wind power, sea water desalination, sewage treatment, and recycling equipment. Research centers and technologies help meet customers' needs, and provide innovative solutions to enhance operational performance. Offices with regional parts are scattered across the globe to supply timely responses and support preventive maintenance. The majority of total revenue comes from Asia, but the company has diversified operations to several continents.

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