COSCO SHIPPING International (Hong Kong) Co (STU:CSB) EBIT : €94.7 Mil (TTM As of Jun. 2024)

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What is COSCO SHIPPING International (Hong Kong) Co EBIT?

COSCO SHIPPING International (Hong Kong) Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €51.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €94.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. COSCO SHIPPING International (Hong Kong) Co's annualized ROC % for the quarter that ended in Jun. 2024 was 9.41%. COSCO SHIPPING International (Hong Kong) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 348.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. COSCO SHIPPING International (Hong Kong) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 62.04%.

COSCO SHIPPING International (Hong Kong) Co EBIT Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) 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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COSCO SHIPPING International (Hong Kong) Co EBIT Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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43.19

39.08

51.65

77.88

96.39

COSCO SHIPPING International (Hong Kong) Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial															27.55	44.79	33.24	51.86	42.84

Competitive Comparison of COSCO SHIPPING International (Hong Kong) Co's EBIT

For the Marine Shipping subindustry, COSCO SHIPPING International (Hong Kong) 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.

COSCO SHIPPING International (Hong Kong) Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING International (Hong Kong) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING International (Hong Kong) Co's EV-to-EBIT falls into.

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COSCO SHIPPING International (Hong Kong) 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €94.7 Mil.

COSCO SHIPPING International (Hong Kong) Co (STU:CSB) EBIT Explanation

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

COSCO SHIPPING International (Hong Kong) Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	31.482 * ( 1 - 9.9% )	/	( (275.518	+	327.191)	/ 2 )
=	28.365282	/	301.3545
=	9.41 %

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	))
=	1080.846	-	83.205	-	( 722.123	-	max(0, 110.207	-	912.265	+	722.123	))
=	275.518

	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	))
=	1139.807	-	123.286	-	( 689.33	-	max(0, 138.13	-	918.911	+	689.33	))
=	327.191

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

COSCO SHIPPING International (Hong Kong) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	103.71	/	( ( (26.92 + max(3.497, 0))	+	(29.18 + max(-3.7830000000001, 0)) )	/	2 )
=	103.71	/	( ( 30.417	+	29.18 )	/	2 )
=	103.71	/	29.7985
=	348.04 %

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)
=	(64.775	+	35.029	+	13.617)	-	(83.205	+	0	+	26.719)
=	3.497

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(97.795	+	35.163	+	0.96599999999989)	-	(123.286	+	0	+	14.421)
=	-3.7830000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

COSCO SHIPPING International (Hong Kong) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	94.691	/	152.620
	=	62.04 %

COSCO SHIPPING International (Hong Kong) Co EBIT Related Terms

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COSCO SHIPPING International (Hong Kong) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING International (Hong Kong) Co Ltd (STU:CSB) » Definitions » EBIT

Traded in Other Exchanges

CHDGF:USA 00517:Hong Kong CSB:Germany

Address

183 Queen\'s Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG

Website

https://hk.coscoshipping.com

COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Insurance brokerage and Intelligent shipping services. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong and other countries.