Shanghai Hi-Tech Control System Co (SZSE:002184) EBIT : ¥156 Mil (TTM As of Mar. 2024)

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What is Shanghai Hi-Tech Control System Co EBIT?

Shanghai Hi-Tech Control System Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥156 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Hi-Tech Control System Co's annualized ROC % for the quarter that ended in Mar. 2024 was -1.47%. Shanghai Hi-Tech Control System Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -12.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Hi-Tech Control System Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.29%.

Shanghai Hi-Tech Control System Co EBIT Historical Data

The historical data trend for Shanghai Hi-Tech Control System 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 Hi-Tech Control System Co EBIT Chart

Shanghai Hi-Tech Control System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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121.75

206.23

212.25

195.44

190.19

Shanghai Hi-Tech Control System 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															26.42	62.01	78.77	22.99	-8.13

Competitive Comparison of Shanghai Hi-Tech Control System Co's EBIT

For the Information Technology Services subindustry, Shanghai Hi-Tech Control System 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 Hi-Tech Control System Co's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Hi-Tech Control System Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Hi-Tech Control System Co's EV-to-EBIT falls into.

Shanghai Hi-Tech Control System 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 ¥156 Mil.

Shanghai Hi-Tech Control System Co (SZSE:002184) EBIT Explanation

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

Shanghai Hi-Tech Control System 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 )
=	-16.476 * ( 1 - -24.97% )	/	( (1244.141	+	1564.799)	/ 2 )
=	-20.5900572	/	1404.47
=	-1.47 %

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	))
=	4497.903	-	2254.304	-	( 999.458	-	max(0, 2589.202	-	3755.821	+	999.458	))
=	1244.141

	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	))
=	4263.968	-	1966.682	-	( 732.487	-	max(0, 2379.462	-	3533.324	+	732.487	))
=	1564.799

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 Hi-Tech Control System 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 )
=	-32.508	/	( ( (268.147 + max(-309.411, 0))	+	(266.359 + max(-68.214, 0)) )	/	2 )
=	-32.508	/	( ( 268.147	+	266.359 )	/	2 )
=	-32.508	/	267.253
=	-12.16 %

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)
=	(1114.895	+	944.093	+	19.712)	-	(2254.304	+	0	+	133.807)
=	-309.411

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(990.528	+	1021.135	+	50.83)	-	(1966.682	+	0	+	164.025)
=	-68.214

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 Hi-Tech Control System Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	155.646	/	2943.126
	=	5.29 %

Shanghai Hi-Tech Control System Co EBIT Related Terms

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Shanghai Hi-Tech Control System Co (SZSE:002184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Hi-Tech Control System Co Ltd (SZSE:002184) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 900 Yishan Road, Science and Technology Development Building, Block B, 17F, Shanghai, Shanghai, CHN, 200233

Website

http://www.hite.com.cn

Shanghai Hi-Tech Control System Co Ltd operates in the field of industry informatization and automation. The company provides industry users with informatization and intelligentization control products, electric automation and informatization products. Its products offering include a wind turbine converter, industrial control products and systems, industrial network products, and power electric products.

Executives

Zhao Da Di	Director
Guo Meng Rong	Directors, executives
Xu Hong	Director
Wu Qiu Nong	Directors, executives
Lu Wen Jing	Supervisors
He Yong Jun	Executives
Hu Yu	Executives, directors
Shi Chao Zhu	Director
Zhang Zhe Zhi	Executives
Wang Xiao Bo	Supervisors
Wu Huan Qun	Supervisors
Fang Jian	Director
Sheng Ya Ping	Supervisors

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