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Shandong Airlines Co (SZSE:200152) EBIT : HK$-5,918 Mil (TTM As of Mar. 2023)


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What is Shandong Airlines Co EBIT?

Shandong Airlines Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was HK$-311 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was HK$-5,918 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Airlines Co's annualized ROC % for the quarter that ended in Mar. 2023 was -3.85%. Shandong Airlines Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -5.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Airlines Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -22.55%.


Shandong Airlines Co EBIT Historical Data

The historical data trend for Shandong Airlines 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 Airlines Co EBIT Chart

Shandong Airlines Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 657.89 673.66 -3,455.61 -1,936.10 -6,768.65

Shandong Airlines Co Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -1,391.90 -2,050.23 -2,024.46 -1,533.11 -310.67

Competitive Comparison of Shandong Airlines Co's EBIT

For the Airports & Air Services subindustry, Shandong Airlines 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 Airlines Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shandong Airlines Co's EV-to-EBIT distribution charts can be found below:

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



Shandong Airlines 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-5,918 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 Airlines Co  (SZSE:200152) EBIT Explanation

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

Shandong Airlines Co's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-1893.684 * ( 1 - 5.97% )/( (46683.082 + 45883.785)/ 2 )
=-1780.6310652/46283.4335
=-3.85 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=34978.085 - 3306.522 - ( 3860.546 - max(0, 20179.811 - 5168.292+3860.546))
=46683.082

Invested Capital(Q: Mar. 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))
=35046.321 - 4237.462 - ( 4399.704 - max(0, 20451.864 - 5376.938+4399.704))
=45883.785

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

Shandong Airlines Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1242.676/( ( (24468.925 + max(-2538.324, 0)) + (24247.582 + max(-3847.632, 0)) )/ 2 )
=-1242.676/( ( 24468.925 + 24247.582 )/ 2 )
=-1242.676/24358.2535
=-5.10 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(367.495 + 202.264 + 582.808) - (3306.522 + 0 + 384.369)
=-2538.324

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(457.752 + 199.367 + 156.206) - (4237.462 + 0 + 423.495)
=-3847.632

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-5918.467/26250.580
=-22.55 %

* 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 Airlines Co EBIT Related Terms

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Shandong Airlines Co (SZSE:200152) Business Description

Traded in Other Exchanges
N/A
Address
5746 - East 2nd Ring Road, Shandong Airlines Centre, Shandong, Jinan, CHN, 250014
Shandong Airlines Co Ltd is mainly engaged in providing passenger and cargo air transport services. The company provides services such as Air Transport Services, Logistics & Freight Forwarding Services, Hotel and Catering Services, as well as Training Services. The business activity of the group is operated through Hong Kong, Macau, Taiwan, and overseas markets. The group derives revenue from the rendering of air services for the carriage of passengers and through royalty.

Shandong Airlines Co (SZSE:200152) Headlines

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