Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) EBIT : ¥2,398 Mil (TTM As of Mar. 2024)

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What is Shanghai Jin Jiang International Hotel (Group) Co EBIT?

Shanghai Jin Jiang International Hotel (Group) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥491 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,398 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Jin Jiang International Hotel (Group) Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.76%. Shanghai Jin Jiang International Hotel (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Jin Jiang International Hotel (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.66%.

Shanghai Jin Jiang International Hotel (Group) Co EBIT Historical Data

The historical data trend for Shanghai Jin Jiang International Hotel (Group) 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.

Shanghai Jin Jiang International Hotel (Group) Co EBIT Chart

Shanghai Jin Jiang International Hotel (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,127.57

645.09

897.47

769.00

2,267.29

Shanghai Jin Jiang International Hotel (Group) 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															359.72	744.30	829.85	333.42	490.58

Competitive Comparison of Shanghai Jin Jiang International Hotel (Group) Co's EBIT

For the Lodging subindustry, Shanghai Jin Jiang International Hotel (Group) 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.

Shanghai Jin Jiang International Hotel (Group) Co's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Jin Jiang International Hotel (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Jin Jiang International Hotel (Group) Co's EV-to-EBIT falls into.

Shanghai Jin Jiang International Hotel (Group) 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 ¥2,398 Mil.

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) EBIT Explanation

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

Shanghai Jin Jiang International Hotel (Group) 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 )
=	1020.664 * ( 1 - 22.53% )	/	( (43812.4	+	46138.264)	/ 2 )
=	790.7084008	/	44975.332
=	1.76 %

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	))
=	50587.037	-	5895.674	-	( 10557.804	-	max(0, 12671.908	-	13550.871	+	10557.804	))
=	43812.4

	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	))
=	50448.861	-	5914.964	-	( 10877.255	-	max(0, 15749.037	-	14144.67	+	10877.255	))
=	46138.264

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

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

Shanghai Jin Jiang International Hotel (Group) 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 )
=	1962.312	/	( ( (13696.644 + max(-4418.539, 0))	+	(13365.308 + max(-4354.243, 0)) )	/	2 )
=	1962.312	/	( ( 13696.644	+	13365.308 )	/	2 )
=	1962.312	/	13530.976
=	14.50 %

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)
=	(1705.695	+	66.507	+	578.386)	-	(5895.674	+	0	+	873.453)
=	-4418.539

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1618.8	+	63.966	+	827.7)	-	(5914.964	+	0	+	949.745)
=	-4354.243

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:

Shanghai Jin Jiang International Hotel (Group) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2398.148	/	42389.299
	=	5.66 %

Shanghai Jin Jiang International Hotel (Group) Co EBIT Related Terms

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Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang International Hotel (Group) Co Ltd (SHSE:600754) » Definitions » EBIT

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900934:China

Address

No. 100 Yan an East Road, 26th Floor, Union Building, Shanghai, CHN

Website

http://www.jinjianghotels.com.cn

Shanghai Jin Jiang International Hotel (Group) Co Ltd is one of the leading hotel group in China, engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. The group operates a wide range of hotels, including full-service hotels and select service hotels.

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