Shandong Hi-Speed Holdings Group (FRA:HRI) EBIT : €314.8 Mil (TTM As of Dec. 2023)

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What is Shandong Hi-Speed Holdings Group EBIT?

Shandong Hi-Speed Holdings Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €177.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €314.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Hi-Speed Holdings Group's annualized ROC % for the quarter that ended in Dec. 2023 was 1.96%. Shandong Hi-Speed Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Hi-Speed Holdings Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.57%.

Shandong Hi-Speed Holdings Group EBIT Historical Data

The historical data trend for Shandong Hi-Speed Holdings Group'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 Hi-Speed Holdings Group EBIT Chart

Shandong Hi-Speed Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-181.76

25.75

30.46

197.52

314.27

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-13.84	74.46	122.62	137.60	177.16

Competitive Comparison of Shandong Hi-Speed Holdings Group's EBIT

For the Asset Management subindustry, Shandong Hi-Speed Holdings Group'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 Hi-Speed Holdings Group's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's EV-to-EBIT falls into.

Shandong Hi-Speed Holdings Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €314.8 Mil.

Shandong Hi-Speed Holdings Group (FRA:HRI) EBIT Explanation

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

Shandong Hi-Speed Holdings Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	128.976 * ( 1 - -5.94% )	/	( (6431.089	+	7478.143)	/ 2 )
=	136.6371744	/	6954.616
=	1.96 %

where

	Invested Capital		(Q: Jun. 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	))
=	7873.82	-	411.447	-	( 1164.706	-	max(0, 2250.64	-	3281.924	+	1164.706	))
=	6431.089

	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	))
=	8540.624	-	346.043	-	( 1084.847	-	max(0, 2477.293	-	3193.731	+	1084.847	))
=	7478.143

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Shandong Hi-Speed Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	354.322	/	( ( (3074.23 + max(1193.496, 0))	+	(3274.31 + max(1246.912, 0)) )	/	2 )
=	354.322	/	( ( 4267.726	+	4521.222 )	/	2 )
=	354.322	/	4394.474
=	8.06 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1427.635	+	8.782	+	208.267)	-	(411.447	+	0	+	39.741)
=	1193.496

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1440.909	+	8.386	+	204.87)	-	(346.043	+	0	+	61.21)
=	1246.912

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Shandong Hi-Speed Holdings Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	314.761	/	8811.114
	=	3.57 %

Shandong Hi-Speed Holdings Group EBIT Related Terms

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Shandong Hi-Speed Holdings Group (FRA:HRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong Hi-Speed Holdings Group Ltd (FRA:HRI) » Definitions » EBIT

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Traded in Other Exchanges

00412:Hong Kong

Address

No. 50 Connaught Road Central, 17th Floor, Agricultural Bank of China Tower, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include Industrial investment segment in operations of industrial investment-related business; Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services & online new media services. The majority is from the Industrial Investment segment & key revenue is from PRC.