CSSC (Hong Kong) Shipping Co (HKSE:03877) EBIT : HK$3,046 Mil (TTM As of Dec. 2023)

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What is CSSC (Hong Kong) Shipping Co EBIT?

CSSC (Hong Kong) Shipping Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$1,484 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,046 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CSSC (Hong Kong) Shipping Co's annualized ROC % for the quarter that ended in Dec. 2023 was 6.32%. CSSC (Hong Kong) Shipping Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CSSC (Hong Kong) Shipping Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.75%.

CSSC (Hong Kong) Shipping Co EBIT Historical Data

The historical data trend for CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co EBIT Chart

CSSC (Hong Kong) Shipping Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,742.41

1,701.14

1,887.62

2,514.86

3,045.59

CSSC (Hong Kong) Shipping Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial									1,033.44	1,268.26	1,246.60	1,561.92	1,483.67

Competitive Comparison of CSSC (Hong Kong) Shipping Co's EBIT

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's EV-to-EBIT falls into.

CSSC (Hong Kong) Shipping 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$3,046 Mil.

CSSC (Hong Kong) Shipping Co (HKSE:03877) EBIT Explanation

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

CSSC (Hong Kong) Shipping Co'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 )
=	2612.282 * ( 1 - 2.54% )	/	( (37834.653	+	42727.066)	/ 2 )
=	2545.9300372	/	40280.8595
=	6.32 %

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	))
=	41088.42	-	1662.354	-	( 1591.413	-	max(0, 1662.354	-	21782.824	+	1591.413	))
=	37834.653

	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	))
=	45143.559	-	851.805	-	( 1564.688	-	max(0, 856.966	-	26602.583	+	1564.688	))
=	42727.066

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:

CSSC (Hong Kong) Shipping Co'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 )
=	2967.342	/	( ( (16844.861 + max(10388.402, 0))	+	(16250.223 + max(16619.694, 0)) )	/	2 )
=	2967.342	/	( ( 27233.263	+	32869.917 )	/	2 )
=	2967.342	/	30051.59
=	9.87 %

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)
=	(0	+	0	+	12050.756)	-	(1662.354	+	0	+	0)
=	10388.402

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	17476.66)	-	(851.805	+	0	+	5.1610000000001)
=	16619.694

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:

CSSC (Hong Kong) Shipping Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3045.588	/	39312.498
	=	7.75 %

CSSC (Hong Kong) Shipping Co EBIT Related Terms

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CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

3LL:Germany

Address

19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG

Website

https://www.csscshipping.cn

CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
China Re Asset Management (hong Kong) Company Limited	2102 Investment manager
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Cssc International Holding Company Limited	2101 Beneficial owner
State-owned Assets Supervision And Administration Commission	2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

CSSC (Hong Kong) Shipping Co (HKSE:03877) Headlines

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