Singapore Shipping (SGX:S19) EBIT : S$17.53 Mil (TTM As of Sep. 2023)

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What is Singapore Shipping EBIT?

Singapore Shipping's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was S$6.85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was S$17.53 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Singapore Shipping's annualized ROC % for the quarter that ended in Sep. 2023 was 7.61%. Singapore Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 8.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Singapore Shipping's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 31.30%.

Singapore Shipping EBIT Historical Data

The historical data trend for Singapore Shipping'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.

Singapore Shipping EBIT Chart

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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16.85

15.73

16.03

15.30

17.11

Singapore Shipping Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															8.25	6.98	6.78	10.68	6.85

Competitive Comparison of Singapore Shipping's EBIT

For the Marine Shipping subindustry, Singapore Shipping'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.

Singapore Shipping's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Shipping's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Singapore Shipping's EV-to-EBIT falls into.

Singapore Shipping 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$17.53 Mil.

Singapore Shipping (SGX:S19) EBIT Explanation

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

Singapore Shipping's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	12.98 * ( 1 - 0% )	/	( (174.254	+	166.96)	/ 2 )
=	12.98	/	170.607
=	7.61 %

where

	Invested Capital		(Q: Mar. 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	))
=	251.046	-	2.52	-	( 82.183	-	max(0, 16.85	-	91.122	+	82.183	))
=	174.254

	Invested Capital		(Q: Sep. 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	))
=	254.652	-	8.008	-	( 86.386	-	max(0, 15.996	-	95.68	+	86.386	))
=	166.96

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Singapore Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.7	/	( ( (155.279 + max(-1.139, 0))	+	(153.669 + max(0.82600000000001, 0)) )	/	2 )
=	13.7	/	( ( 155.279	+	154.495 )	/	2 )
=	13.7	/	154.887
=	8.85 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.87	+	0.723	+	2.523)	-	(2.52	+	0	+	6.735)
=	-1.139

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.401	+	0.566	+	1.327)	-	(8.008	+	0	+	0.46)
=	0.82600000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Singapore Shipping's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	17.53	/	56.002
	=	31.30 %

Singapore Shipping EBIT Related Terms

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Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

Singapore Shipping (SGX:S19) Headlines

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