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Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) EBIT : ¥46.7 Mil (TTM As of Jun. 2024)


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What is Shanghai SK Petroleum & Chemical Equipment EBIT?

Shanghai SK Petroleum & Chemical Equipment's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ¥21.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ¥46.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai SK Petroleum & Chemical Equipment's annualized ROC % for the quarter that ended in Jun. 2024 was 6.99%. Shanghai SK Petroleum & Chemical Equipment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai SK Petroleum & Chemical Equipment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.13%.


Shanghai SK Petroleum & Chemical Equipment EBIT Historical Data

The historical data trend for Shanghai SK Petroleum & Chemical Equipment'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 SK Petroleum & Chemical Equipment EBIT Chart

Shanghai SK Petroleum & Chemical Equipment 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 56.89 48.56 61.01 -12.40 45.76

Shanghai SK Petroleum & Chemical Equipment Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 25.33 7.16 17.22 1.23 21.06

Competitive Comparison of Shanghai SK Petroleum & Chemical Equipment's EBIT

For the Specialty Industrial Machinery subindustry, Shanghai SK Petroleum & Chemical Equipment'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 SK Petroleum & Chemical Equipment's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai SK Petroleum & Chemical Equipment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai SK Petroleum & Chemical Equipment's EV-to-EBIT falls into.



Shanghai SK Petroleum & Chemical Equipment 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 quarterly data reported by the company within the most recent 12 months, which was ¥46.7 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 SK Petroleum & Chemical Equipment  (SZSE:002278) EBIT Explanation

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

Shanghai SK Petroleum & Chemical Equipment'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: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=87.728 * ( 1 - 7.34% )/( (1155.496 + 1170.173)/ 2 )
=81.2887648/1162.8345
=6.99 %

where

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))
=1758.826 - 410.785 - ( 192.545 - max(0, 528.785 - 1274.499+192.545))
=1155.496

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))
=1777.064 - 416 - ( 190.891 - max(0, 549.69 - 1277.864+190.891))
=1170.173

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

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

Shanghai SK Petroleum & Chemical Equipment'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: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=84.256/( ( (271.52 + max(490.912, 0)) + (285.682 + max(521.076, 0)) )/ 2 )
=84.256/( ( 762.432 + 806.758 )/ 2 )
=84.256/784.595
=10.74 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(462.665 + 434.663 + 36.149) - (410.785 + 0 + 31.78)
=490.912

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(516.026 + 421.906 + 33.072) - (416 + 0 + 33.928)
=521.076

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Shanghai SK Petroleum & Chemical Equipment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=46.68/1493.212
=3.13 %

* 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 SK Petroleum & Chemical Equipment EBIT Related Terms

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Shanghai SK Petroleum & Chemical Equipment Business Description

Traded in Other Exchanges
N/A
Address
No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114
Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.
Executives
Li Fang Ying Director
Zhang Guan Jun Independent director
Tang Wei Min Executives
Jiang Gan Hong Supervisors
Zhao Xin Yi Executives
Gu Cheng Yu Directors, executives
Huang Jia Liu Director
Wang Xiang Wei Director
Kou Yu Ting Directors, executives
Gu Bing Directors, Directors, and Executives
Yuan Jian Xin Director
Wang Min Executives
Chen Zhi Min Supervisors
Gu Zheng Director
Hu Shou Jun Independent director

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