Sinopec Oilfield Service (SHSE:600871) EBIT : ¥1,826 Mil (TTM As of Mar. 2024)

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What is Sinopec Oilfield Service EBIT?

Sinopec Oilfield Service's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥505 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,826 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sinopec Oilfield Service's annualized ROC % for the quarter that ended in Mar. 2024 was 1.43%. Sinopec Oilfield Service's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sinopec Oilfield Service's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.82%.

Sinopec Oilfield Service EBIT Historical Data

The historical data trend for Sinopec Oilfield Service'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.

Sinopec Oilfield Service EBIT Chart

Sinopec Oilfield Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,336.23

1,254.75

1,217.28

1,433.67

1,733.36

Sinopec Oilfield Service 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															413.25	512.60	373.76	433.75	505.45

Competitive Comparison of Sinopec Oilfield Service's EBIT

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.

Sinopec Oilfield Service's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Oilfield Service's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sinopec Oilfield Service's EV-to-EBIT falls into.

Sinopec Oilfield Service 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 ¥1,826 Mil.

Sinopec Oilfield Service (SHSE:600871) EBIT Explanation

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

Sinopec Oilfield Service'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 )
=	1619.972 * ( 1 - 46.64% )	/	( (61542.389	+	59087.081)	/ 2 )
=	864.4170592	/	60314.735
=	1.43 %

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	))
=	75162.974	-	40422.346	-	( 2816.116	-	max(0, 66127.176	-	39325.415	+	2816.116	))
=	61542.389

	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	))
=	74636.563	-	40541.114	-	( 1850.417	-	max(0, 65103.975	-	40112.343	+	1850.417	))
=	59087.081

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

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

Sinopec Oilfield Service'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 )
=	2021.78	/	( ( (26366.068 + max(-30972.791, 0))	+	(25738.476 + max(-29225.424, 0)) )	/	2 )
=	2021.78	/	( ( 26366.068	+	25738.476 )	/	2 )
=	2021.78	/	26052.272
=	7.76 %

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)
=	(10602.242	+	1204.295	+	3004.292)	-	(40422.346	+	0	+	5361.274)
=	-30972.791

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9771.405	+	1970.123	+	3416.819)	-	(40541.114	+	0	+	3842.657)
=	-29225.424

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:

Sinopec Oilfield Service's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1825.553	/	47780.198
	=	3.82 %

Sinopec Oilfield Service EBIT Related Terms

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Sinopec Oilfield Service (SHSE:600871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Service Corp (SHSE:600871) » Definitions » EBIT

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Traded in Other Exchanges

YZCFF:USA 01033:Hong Kong YIZH:Germany

Address

No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728

Website

https://ssc.sinopec.com

Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

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