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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) EBIT : ¥760 Mil (TTM As of Mar. 2024)


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What is Shanghai Jinjiang Shipping (Group) Co EBIT?

Shanghai Jinjiang Shipping (Group) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥164 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥760 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Jinjiang Shipping (Group) Co's annualized ROC % for the quarter that ended in Mar. 2024 was 17.42%. Shanghai Jinjiang Shipping (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 22.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Jinjiang Shipping (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.74%.

Shanghai Jinjiang Shipping (Group) Co EBIT Historical Data

The historical data trend for Shanghai Jinjiang Shipping (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 Jinjiang Shipping (Group) Co EBIT Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
499.59 647.93 1,655.29 2,362.48 969.75

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
Dec19 Dec20 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 374.63 329.67 207.46 57.99 164.43

Competitive Comparison of Shanghai Jinjiang Shipping (Group) Co's EBIT

For the Marine Shipping subindustry, Shanghai Jinjiang Shipping (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 Jinjiang Shipping (Group) Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Jinjiang Shipping (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Jinjiang Shipping (Group) Co's EV-to-EBIT falls into.


Shanghai Jinjiang Shipping (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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥760 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 Jinjiang Shipping (Group) Co  (SHSE:601083) EBIT Explanation

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

Shanghai Jinjiang Shipping (Group) 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 )
=808.008 * ( 1 - 18.05% )/( (3915.506 + 3687.277)/ 2 )
=662.162556/3801.3915
=17.42 %

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))
=9907.791 - 920.729 - ( 5778.753 - max(0, 1327.193 - 6398.749+5778.753))
=3915.506

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))
=9911.65 - 937.287 - ( 5763.702 - max(0, 1260.026 - 6547.112+5763.702))
=3687.277

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 Jinjiang Shipping (Group) 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 )
=657.704/( ( (2929.747 + max(-365.364, 0)) + (2799.974 + max(-242.328, 0)) )/ 2 )
=657.704/( ( 2929.747 + 2799.974 )/ 2 )
=657.704/2864.8605
=22.96 %

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)
=(487.529 + 58.86 + 15.878) - (920.729 + 0 + 6.9019999999998)
=-365.364

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(622.316 + 56.646 + 22.214) - (937.287 + 0 + 6.2170000000001)
=-242.328

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=759.547/8686.054
=8.74 %

* 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 Jinjiang Shipping (Group) Co EBIT Related Terms

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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021
Website
https://www.jjshipping.cn
Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

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