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Shanghai Environment Group (SHSE:601200) EBIT : ¥1,153 Mil (TTM As of Mar. 2024)


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What is Shanghai Environment Group EBIT?

Shanghai Environment Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥281 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,153 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Environment Group's annualized ROC % for the quarter that ended in Mar. 2024 was 3.32%. Shanghai Environment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 128.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Environment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.85%.


Shanghai Environment Group EBIT Historical Data

The historical data trend for Shanghai Environment 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.

Shanghai Environment Group EBIT Chart

Shanghai Environment 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 1,031.12 1,056.80 1,323.47 1,125.41 1,147.23

Shanghai Environment Group 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 275.12 320.53 335.89 215.69 280.65

Competitive Comparison of Shanghai Environment Group's EBIT

For the Waste Management subindustry, Shanghai Environment 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.


Shanghai Environment Group's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Shanghai Environment Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Environment Group's EV-to-EBIT falls into.



Shanghai Environment 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥1,153 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.


Shanghai Environment Group  (SHSE:601200) EBIT Explanation

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

Shanghai Environment Group'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 )
=1111.268 * ( 1 - 22.16% )/( (26116.579 + 26046.203)/ 2 )
=865.0110112/26081.391
=3.32 %

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))
=29830.791 - 4173.09 - ( 1169.316 - max(0, 6620.788 - 6161.91+1169.316))
=26116.579

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))
=30070.581 - 3982.9 - ( 1070.902 - max(0, 6439.599 - 6481.077+1070.902))
=26046.203

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 Environment Group'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 )
=1122.592/( ( (794.329 + max(-386.396, 0)) + (821.77 + max(129.584, 0)) )/ 2 )
=1122.592/( ( 794.329 + 951.354 )/ 2 )
=1122.592/872.8415
=128.61 %

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)
=(2947.234 + 223.49 + 1161.962) - (4173.09 + 0 + 545.992)
=-386.396

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3307.246 + 225.304 + 1209.683) - (3982.9 + 0 + 629.749)
=129.584

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1152.755/19710.311
=5.85 %

* 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.


Shanghai Environment Group EBIT Related Terms

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Shanghai Environment Group (SHSE:601200) Business Description

Traded in Other Exchanges
N/A
Address
No. 1881 Hongqiao Road, Shanghai, CHN, 200336
Shanghai Environment Group Ltd is a solid waste integrated service provider. It deals with the disposal and disposal of municipal solid waste, municipal sewage, hazardous waste, municipal sludge, kitchen waste and contaminated soil. Further, the group is engaged in providing high-efficiency, high-tech, high-standard one-stop services and package solutions such as including consulting, investment, construction, and operations to governments and customers. Geographically the business activities are carried out through China.
Executives
Wang Li Jin Supervisors

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