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Shougang Fushan Resources Group (Shougang Fushan Resources Group) EBIT : $411.7 Mil (TTM As of Dec. 2023)


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What is Shougang Fushan Resources Group EBIT?

Shougang Fushan Resources Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $140.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $411.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shougang Fushan Resources Group's annualized ROC % for the quarter that ended in Dec. 2023 was 11.74%. Shougang Fushan Resources Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shougang Fushan Resources Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 34.60%.


Shougang Fushan Resources Group EBIT Historical Data

The historical data trend for Shougang Fushan Resources 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.

Shougang Fushan Resources Group EBIT Chart

Shougang Fushan Resources Group 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 209.84 208.19 530.00 594.35 412.54

Shougang Fushan Resources Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 394.46 350.44 241.08 270.98 140.76

Competitive Comparison of Shougang Fushan Resources Group's EBIT

For the Coking Coal subindustry, Shougang Fushan Resources 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.


Shougang Fushan Resources Group's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shougang Fushan Resources Group's EV-to-EBIT falls into.



Shougang Fushan Resources 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 $411.7 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.


Shougang Fushan Resources Group  (OTCPK:FSHYF) EBIT Explanation

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

Shougang Fushan Resources 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 )
=276.06 * ( 1 - 28.78% )/( (1652.56 + 1695.585)/ 2 )
=196.609932/1674.0725
=11.74 %

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))
=3086.773 - 491.159 - ( 1121.42 - max(0, 515.391 - 1458.445+1121.42))
=1652.56

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))
=2879.913 - 223.813 - ( 1022.785 - max(0, 323.003 - 1283.518+1022.785))
=1695.585

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:

Shougang Fushan Resources 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 )
=281.51/( ( (1334.2 + max(-298.625, 0)) + (1287.795 + max(-106.182, 0)) )/ 2 )
=281.51/( ( 1334.2 + 1287.795 )/ 2 )
=281.51/1310.9975
=21.47 %

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)
=(90.132 + 12.941 + 112.005) - (491.159 + 0 + 22.544)
=-298.625

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.923 + 16.087 + 131.49) - (223.813 + 0 + 97.869)
=-106.182

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:

Shougang Fushan Resources Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=411.733/1190.134
=34.60 %

* 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.


Shougang Fushan Resources Group EBIT Related Terms

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Shougang Fushan Resources Group (Shougang Fushan Resources Group) Business Description

Traded in Other Exchanges
Address
56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG
Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

Shougang Fushan Resources Group (Shougang Fushan Resources Group) Headlines

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