Shanghai International Port (Group) Co (SHSE:600018) EBIT : ¥16,686 Mil (TTM As of Mar. 2024)

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What is Shanghai International Port (Group) Co EBIT?

Shanghai International Port (Group) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥5,029 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥16,686 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai International Port (Group) Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.86%. Shanghai International Port (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 43.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai International Port (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.38%.

Shanghai International Port (Group) Co EBIT Historical Data

The historical data trend for Shanghai International Port (Group) 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 International Port (Group) Co EBIT Chart

Shanghai International Port (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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12,990.91

11,682.74

18,973.28

20,024.75

16,248.42

Shanghai International Port (Group) 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															4,591.15	4,248.25	5,820.72	1,588.31	5,028.51

Competitive Comparison of Shanghai International Port (Group) Co's EBIT

For the Marine Shipping subindustry, Shanghai International Port (Group) 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 International Port (Group) Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai International Port (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai International Port (Group) Co's EV-to-EBIT falls into.

Shanghai International Port (Group) 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 ¥16,686 Mil.

Shanghai International Port (Group) Co (SHSE:600018) EBIT Explanation

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

Shanghai International Port (Group) 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 )
=	11304.676 * ( 1 - 15.77% )	/	( (160282.509	+	164654.646)	/ 2 )
=	9521.9285948	/	162468.5775
=	5.86 %

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	))
=	203575.515	-	13078.796	-	( 35721.966	-	max(0, 22835.36	-	53049.57	+	35721.966	))
=	160282.509

	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	))
=	206264.488	-	11904.807	-	( 36443.873	-	max(0, 24272.573	-	53977.608	+	36443.873	))
=	164654.646

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 International Port (Group) 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 )
=	20114.052	/	( ( (45175.584 + max(145.38599999999, 0))	+	(44598.399 + max(2412.546, 0)) )	/	2 )
=	20114.052	/	( ( 45320.97	+	47010.945 )	/	2 )
=	20114.052	/	46165.9575
=	43.57 %

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)
=	(2768.837	+	10282.28	+	3214.486)	-	(13078.796	+	0	+	3041.421)
=	145.38599999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3682.196	+	9889.166	+	2914.734)	-	(11904.807	+	0	+	2168.743)
=	2412.546

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 International Port (Group) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	16685.786	/	146590.391
	=	11.38 %

Shanghai International Port (Group) Co EBIT Related Terms

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Shanghai International Port (Group) Co (SHSE:600018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai International Port (Group) Co Ltd (SHSE:600018) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

358 East Daming Road, Shanghai, CHN, 200080

Website

http://www.portshanghai.com.cn

Shanghai International Port Group, or SIPG, is the world's largest container port in terms of throughput volume, and a major trans-shipment hub in China. It engages in handling port containers and bulk cargo along with other container-related services in the Yangtze River Delta. The gross profit in core port operation is approximately 72% in containers, 2% in bulk cargo, and 26% in port logistics and services. The Shanghai state-owned Asset Supervision and Administration Commission holds approximately a 44% stake in SIPG.

Executives

Wang Hai Jian	senior management
Ding Xiang Ming	senior management
Zhang Min	senior management
Yan Jun	Directors, senior managers
Fang Huai Jin	senior management
Yang Zhi Yong	senior management
Zhang Xin	senior management
Wang Lin Lin	senior management
Liu Gang	Supervisors
Yu Wei	senior management
Yang Hai Feng	Supervisors
Zhou Yuan Kang	Supervisors
Zhuang Xiao Qing	Director
Zhang You Lin	Supervisors

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