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Shanghai Huayi Group (SHSE:600623) EBIT : ¥1,839 Mil (TTM As of Sep. 2024)


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What is Shanghai Huayi Group EBIT?

Shanghai Huayi Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥416 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥1,839 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Huayi Group's annualized ROC % for the quarter that ended in Sep. 2024 was 1.84%. Shanghai Huayi Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Huayi Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.97%.


Shanghai Huayi Group EBIT Historical Data

The historical data trend for Shanghai Huayi Group'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 Huayi Group EBIT Chart

Shanghai Huayi Group 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 1,411.57 859.33 4,691.21 2,341.47 1,849.64

Shanghai Huayi Group 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 879.22 414.35 419.07 589.27 416.36

Competitive Comparison of Shanghai Huayi Group's EBIT

For the Chemicals subindustry, Shanghai Huayi Group'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 Huayi Group's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Huayi Group's EV-to-EBIT distribution charts can be found below:

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


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Shanghai Huayi Group 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 ¥1,839 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 Huayi Group  (SHSE:600623) EBIT Explanation

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

Shanghai Huayi Group'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 )
=1194.828 * ( 1 - 17.77% )/( (53298.426 + 53671.044)/ 2 )
=982.5070644/53484.735
=1.84 %

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))
=62422.683 - 8424.909 - ( 18045.805 - max(0, 26823.894 - 27523.242+18045.805))
=53298.426

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))
=62259.112 - 8265.44 - ( 17245.384 - max(0, 26008.023 - 26330.651+17245.384))
=53671.044

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 Huayi Group'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 )
=1665.456/( ( (19543.404 + max(-13415.16, 0)) + (19484.259 + max(-13188.921, 0)) )/ 2 )
=1665.456/( ( 19543.404 + 19484.259 )/ 2 )
=1665.456/19513.8315
=8.53 %

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)
=(2188.845 + 4930.725 + 998.825) - (8424.909 + 0 + 13108.646)
=-13415.16

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2120.579 + 4757.041 + 796.344) - (8265.44 + 0 + 12597.445)
=-13188.921

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 Huayi Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=1839.051/15359.410
=11.97 %

* 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 Huayi Group EBIT Related Terms

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Shanghai Huayi Group Business Description

Traded in Other Exchanges
Address
809 Changde Road, Huayi Group Building, Jing'an District, Shanghai, CHN, 200040
Shanghai Huayi Group Corp Ltd is a chemical company. Its products include methanol, carbon monoxide, syngas and sulfuric acid and other chemical products.
Executives
Gu Chun Lin senior management
Li Liang Jun senior management
Chen Da Sheng senior management
Xu Li Hang senior management
Wang Xia Directors, senior managers
Chen Yao senior management
Wang Jin Huai senior management
Ma Xiao Bin senior management
Chang Da Guang senior management
Wang Ling senior management

Shanghai Huayi Group Headlines

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