SITC International Holdings Co (SITC International Holdings Co) EBIT : $572 Mil (TTM As of Dec. 2023)

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What is SITC International Holdings Co EBIT?

SITC International Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $239 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $572 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SITC International Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 was 19.79%. SITC International Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SITC International Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.79%.

SITC International Holdings Co EBIT Historical Data

The historical data trend for SITC International Holdings 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.

SITC International Holdings Co EBIT Chart

SITC International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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245.00

378.53

1,200.33

1,990.53

572.17

SITC International Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															696.04	1,189.07	801.47	332.75	239.42

Competitive Comparison of SITC International Holdings Co's EBIT

For the Marine Shipping subindustry, SITC International Holdings 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.

SITC International Holdings Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SITC International Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SITC International Holdings Co's EV-to-EBIT falls into.

SITC International Holdings 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 $572 Mil.

SITC International Holdings Co (OTCPK:SITIY) EBIT Explanation

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

SITC International Holdings 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 )
=	441.068 * ( 1 - 3.32% )	/	( (2062.715	+	2246.32)	/ 2 )
=	426.4245424	/	2154.5175
=	19.79 %

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	))
=	2692.981	-	354.194	-	( 568.693	-	max(0, 476.564	-	752.636	+	568.693	))
=	2062.715

	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	))
=	2652.463	-	282.558	-	( 431.103	-	max(0, 503	-	626.585	+	431.103	))
=	2246.32

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:

SITC International Holdings 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 )
=	478.83	/	( ( (1859.795 + max(-210.578, 0))	+	(1948.148 + max(-174.274, 0)) )	/	2 )
=	478.83	/	( ( 1859.795	+	1948.148 )	/	2 )
=	478.83	/	1903.9715
=	25.15 %

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)
=	(99.849	+	42.08	+	1.759)	-	(354.194	+	0	+	0.072000000000003)
=	-210.578

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(113.333	+	43.324	+	16.913)	-	(282.558	+	0	+	65.286)
=	-174.274

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:

SITC International Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	572.167	/	7342.925
	=	7.79 %

SITC International Holdings Co EBIT Related Terms

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SITC International Holdings Co (SITC International Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SITC International Holdings Co Ltd (OTCPK:SITIY) » Definitions » EBIT

Traded in Other Exchanges

01308:Hong Kong 7S8:Germany

Address

6-8 Harbour Road, 31/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.sitc.com

SITC International Holdings Co Ltd is a shipping company operating within Asia under two reportable segments: the container shipping and logistics segment and the dry bulk and others segment. Nearly all of SITC International's revenue comes from the container shipping and logistics segment, which covers the provision of container transportation, freight forwarding, shipping agency, depot, and warehousing. The dry bulk and others segment provides services of dry bulk vessel leasing, land leasing, and other services. Geographically, it derives majority of its revenue from Greater China.

SITC International Holdings Co (SITC International Holdings Co) Headlines

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