Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) EBIT : ¥465 Mil (TTM As of Mar. 2024)

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What is Shanghai Tongji Science & Technology Industrial Co EBIT?

Shanghai Tongji Science & Technology Industrial Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥465 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Tongji Science & Technology Industrial Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.57%. Shanghai Tongji Science & Technology Industrial Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 61.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Tongji Science & Technology Industrial Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.78%.

Shanghai Tongji Science & Technology Industrial Co EBIT Historical Data

The historical data trend for Shanghai Tongji Science & Technology Industrial 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.

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Shanghai Tongji Science & Technology Industrial Co EBIT Chart

Shanghai Tongji Science & Technology Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,344.84

1,175.23

808.48

469.47

486.03

Shanghai Tongji Science & Technology Industrial 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															114.96	141.32	123.42	106.32	94.22

Competitive Comparison of Shanghai Tongji Science & Technology Industrial Co's EBIT

For the Engineering & Construction subindustry, Shanghai Tongji Science & Technology Industrial 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 Tongji Science & Technology Industrial Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shanghai Tongji Science & Technology Industrial Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Tongji Science & Technology Industrial Co's EV-to-EBIT falls into.

Shanghai Tongji Science & Technology Industrial 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 ¥465 Mil.

Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) EBIT Explanation

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

Shanghai Tongji Science & Technology Industrial 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 )
=	277.108 * ( 1 - 8.71% )	/	( (4378.368	+	4699.962)	/ 2 )
=	252.9718932	/	4539.165
=	5.57 %

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	))
=	9218.237	-	2636.152	-	( 2203.717	-	max(0, 5291.398	-	7535.391	+	2203.717	))
=	4378.368

	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	))
=	9408.043	-	2480.393	-	( 2227.688	-	max(0, 5408.264	-	7700.639	+	2227.688	))
=	4699.962

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 Tongji Science & Technology Industrial 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 )
=	376.892	/	( ( (158.664 + max(316.586, 0))	+	(158.635 + max(583.816, 0)) )	/	2 )
=	376.892	/	( ( 475.25	+	742.451 )	/	2 )
=	376.892	/	608.8505
=	61.90 %

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)
=	(770.204	+	3205.084	+	140.112)	-	(2636.152	+	0	+	1162.662)
=	316.586

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(703.184	+	3359.022	+	148.616)	-	(2480.393	+	0	+	1146.613)
=	583.816

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 Tongji Science & Technology Industrial Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	465.291	/	3148.170
	=	14.78 %

Shanghai Tongji Science & Technology Industrial Co EBIT Related Terms

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Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) Business Description

Industry

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Address

No. 1398 Siping Road, 20th Floor, Block B, Tongji Union Plaza, Shanghai, Shanghai, CHN, 200092

Website

http://www.tjkjsy.com.cn

Shanghai Tongji Science & Technology Industrial Co Ltd is a China-based company engaged in development of engineering consulting services, environmental engineering technology services and investment construction, science park construction and operation, construction engineering management, real estate development and other business areas with Tongji brand advantages.

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