COSCO SHIPPING Specialized Carriers Co (SHSE:600428) EBIT : ¥1,510 Mil (TTM As of Mar. 2024)

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What is COSCO SHIPPING Specialized Carriers Co EBIT?

COSCO SHIPPING Specialized Carriers Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥508 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,510 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. COSCO SHIPPING Specialized Carriers Co's annualized ROC % for the quarter that ended in Mar. 2024 was 6.00%. COSCO SHIPPING Specialized Carriers Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. COSCO SHIPPING Specialized Carriers Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.62%.

COSCO SHIPPING Specialized Carriers Co EBIT Historical Data

The historical data trend for COSCO SHIPPING Specialized Carriers 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.

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COSCO SHIPPING Specialized Carriers Co EBIT Chart

COSCO SHIPPING Specialized Carriers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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522.98

400.66

676.55

1,338.38

1,582.32

COSCO SHIPPING Specialized Carriers 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															579.93	357.72	414.50	230.16	507.89

Competitive Comparison of COSCO SHIPPING Specialized Carriers Co's EBIT

For the Marine Shipping subindustry, COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Specialized Carriers Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Specialized Carriers Co's EV-to-EBIT falls into.

COSCO SHIPPING Specialized Carriers 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 ¥1,510 Mil.

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) EBIT Explanation

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

COSCO SHIPPING Specialized Carriers 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 )
=	1807.772 * ( 1 - 15.21% )	/	( (25606.109	+	25483.825)	/ 2 )
=	1532.8098788	/	25544.967
=	6.00 %

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	))
=	27565.701	-	2695.863	-	( 1481.547	-	max(0, 5138.843	-	4402.572	+	1481.547	))
=	25606.109

	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	))
=	28037.837	-	3178.225	-	( 1338.475	-	max(0, 5630.811	-	5006.598	+	1338.475	))
=	25483.825

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

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

COSCO SHIPPING Specialized Carriers 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 )
=	2031.576	/	( ( (18340.792 + max(-959.133, 0))	+	(18275.112 + max(-1005.366, 0)) )	/	2 )
=	2031.576	/	( ( 18340.792	+	18275.112 )	/	2 )
=	2031.576	/	18307.952
=	11.10 %

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)
=	(416.903	+	676.143	+	1195.489)	-	(2695.863	+	0	+	551.805)
=	-959.133

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(610.786	+	734.931	+	1371.725)	-	(3178.225	+	0	+	544.583)
=	-1005.366

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:

COSCO SHIPPING Specialized Carriers Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1510.278	/	22806.123
	=	6.62 %

COSCO SHIPPING Specialized Carriers Co EBIT Related Terms

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COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Specialized Carriers Co Ltd (SHSE:600428) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623

Website

http://www.coscol.com.cn

COSCO Shipping is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.

Executives

Han Guo Min	senior management
Fang Zhi Wei	Supervisors
Guo Jing	Director
Lin Jing Wei	senior management
Guo Fu Xiang	senior management
Lai Yi Guang	senior management
Tan Jin Song	Director
Du Jun Ming	senior management
Xue Jun Dong	senior management
Jin Li Zuo	Director

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Headlines

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