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Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) EBIT : ¥361 Mil (TTM As of Mar. 2024)


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What is Shandong Huatai Paper Industry Shareholding Co EBIT?

Shandong Huatai Paper Industry Shareholding Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥162 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥361 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Huatai Paper Industry Shareholding Co's annualized ROC % for the quarter that ended in Mar. 2024 was 4.25%. Shandong Huatai Paper Industry Shareholding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Huatai Paper Industry Shareholding Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.55%.


Shandong Huatai Paper Industry Shareholding Co EBIT Historical Data

The historical data trend for Shandong Huatai Paper Industry Shareholding 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 Huatai Paper Industry Shareholding Co EBIT Chart

Shandong Huatai Paper Industry Shareholding Co 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 970.78 977.27 1,102.60 631.18 382.18

Shandong Huatai Paper Industry Shareholding 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 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 183.12 72.88 64.97 61.21 162.43

Competitive Comparison of Shandong Huatai Paper Industry Shareholding Co's EBIT

For the Paper & Paper Products subindustry, Shandong Huatai Paper Industry Shareholding 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 Huatai Paper Industry Shareholding Co's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Huatai Paper Industry Shareholding Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Huatai Paper Industry Shareholding Co's EV-to-EBIT falls into.



Shandong Huatai Paper Industry Shareholding 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 ¥361 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 Huatai Paper Industry Shareholding Co  (SHSE:600308) EBIT Explanation

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

Shandong Huatai Paper Industry Shareholding 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 )
=541.212 * ( 1 - 17.53% )/( (10491.231 + 10515.818)/ 2 )
=446.3375364/10503.5245
=4.25 %

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))
=15238.538 - 2937.874 - ( 2048.53 - max(0, 5203.583 - 7013.016+2048.53))
=10491.231

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))
=15537.997 - 3054.958 - ( 2309.96 - max(0, 5044.983 - 7012.204+2309.96))
=10515.818

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Shandong Huatai Paper Industry Shareholding 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 )
=649.7/( ( (6987.32 + max(-251.579, 0)) + (7188.517 + max(-205.933, 0)) )/ 2 )
=649.7/( ( 6987.32 + 7188.517 )/ 2 )
=649.7/7087.9185
=9.17 %

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)
=(973.634 + 1660.521 + 317.756) - (2937.874 + 0 + 265.616)
=-251.579

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1144.71 + 1604.916 + 334.557) - (3054.958 + 0 + 235.158)
=-205.933

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:

Shandong Huatai Paper Industry Shareholding Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=361.489/5516.672
=6.55 %

* 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 Huatai Paper Industry Shareholding Co EBIT Related Terms

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Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Business Description

Traded in Other Exchanges
N/A
Address
Dawang Town, Guangrao County, Shandong Province, Dongying, CHN, 257335
Shandong Huatai Paper Industry Shareholding Co Ltd is engaged in the manufacture and distribution of paper products and related chemical products. The groups main products are high-grade newspaper, high-grade coated paper, double adhesive tape, light adhesive tape, new textbook paper, super pressure More than 100 kinds of papers such as glossy paper, electrostatic copy paper and household paper, and more than 20 kinds of chemical products such as liquid chlorine, caustic soda and hydrogen peroxide. Geographically it operates through the region of China.
Executives
Sun Ya Jun senior management
Wei Wen Guang Director
Chi Yu Xiang senior management
Li Gang Director
Li Xiao Liang Director
Wei Li Jun Director
Xie Shi Bing Supervisors
Li Li Supervisors
Zhu Wan Liang Director
Zhang Feng Shan Supervisors
Ren Wen Tao Supervisors
Li Guo Shun Director
Chen Guo Ying senior management
Zhu Yan Ming Supervisors
Li Jian Hua Director

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Headlines

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