GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Denghai Seeds Co Ltd (SZSE:002041) » Definitions » EBIT

Shandong Denghai Seeds Co (SZSE:002041) EBIT : ¥285 Mil (TTM As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Shandong Denghai Seeds Co EBIT?

Shandong Denghai Seeds Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥285 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Denghai Seeds Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.23%. Shandong Denghai Seeds Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Denghai Seeds Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.07%.


Shandong Denghai Seeds Co EBIT Historical Data

The historical data trend for Shandong Denghai Seeds 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.

Shandong Denghai Seeds Co EBIT Chart

Shandong Denghai Seeds Co 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 -29.65 69.59 240.06 293.29 301.64

Shandong Denghai Seeds 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 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 50.85 25.88 25.54 199.37 34.31

Competitive Comparison of Shandong Denghai Seeds Co's EBIT

For the Farm Products subindustry, Shandong Denghai Seeds 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.


Shandong Denghai Seeds Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Denghai Seeds Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Denghai Seeds Co's EV-to-EBIT falls into.



Shandong Denghai Seeds 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 ¥285 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.


Shandong Denghai Seeds Co  (SZSE:002041) EBIT Explanation

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

Shandong Denghai Seeds 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 )
=50.924 * ( 1 - 6.13% )/( (1465.633 + 1498.079)/ 2 )
=47.8023588/1481.856
=3.23 %

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))
=4802.168 - 316.136 - ( 3020.399 - max(0, 839.633 - 4020.082+3020.399))
=1465.633

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))
=4689.54 - 280.308 - ( 2911.153 - max(0, 698.008 - 3885.982+2911.153))
=1498.079

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

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

Shandong Denghai Seeds 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 )
=137.228/( ( (636.152 + max(163.033, 0)) + (651.062 + max(279.244, 0)) )/ 2 )
=137.228/( ( 799.185 + 930.306 )/ 2 )
=137.228/864.7455
=15.87 %

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)
=(46.942 + 854.525 + 93.349) - (316.136 + 0 + 515.647)
=163.033

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.064 + 765.531 + 171.357) - (280.308 + 0 + 409.4)
=279.244

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:

Shandong Denghai Seeds Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=285.096/5621.328
=5.07 %

* 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.


Shandong Denghai Seeds Co EBIT Related Terms

Thank you for viewing the detailed overview of Shandong Denghai Seeds Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Shandong Denghai Seeds Co (SZSE:002041) Business Description

Traded in Other Exchanges
N/A
Address
Chengshan Road West, Agricultural Science Institute of Laizhou City, Shandong Province, Laizhou, CHN, 261448
Shandong Denghai Seeds Co Ltd is a Chinese company engaged in the production and distribution of crop seeds. The company's products are Chinese cabbages, radish seeds, zucchini varieties, watermelon seeds, melon seeds, cabbage seeds, beans seeds, onion seeds, eggplant seeds, pepper seeds and others. It sells the products in China and other international countries.
Executives
Deng Li Executives
Zhang Xi Quan Director
Wu Shu Ke Executives
Cheng Li Executives
Li Hong Ling Supervisors
Mao Shu Ling Executives
Yan Li Xiang Executives
Li Xu Hua Director
Wang Ning Director
Mao Li Hua Director
Tang Shi Wei Supervisors
Wang Long Xiang Executives
Zhao Jiu Ran Director
Li Deng Sui Director
Wang Yu Ling Supervisors

Shandong Denghai Seeds Co (SZSE:002041) Headlines

No Headlines