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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) EBIT : $-179 Mil (TTM As of Mar. 2024)


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What is Sinopec Shanghai Petrochemical Co EBIT?

Sinopec Shanghai Petrochemical Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-179 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sinopec Shanghai Petrochemical Co's annualized ROC % for the quarter that ended in Mar. 2024 was 0.75%. Sinopec Shanghai Petrochemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sinopec Shanghai Petrochemical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -10.05%.


Sinopec Shanghai Petrochemical Co EBIT Historical Data

The historical data trend for Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co EBIT Chart

Sinopec Shanghai Petrochemical Co 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 386.09 102.04 430.56 -502.18 -219.86

Sinopec Shanghai Petrochemical 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 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 -33.03 -129.70 95.75 -155.77 10.69

Competitive Comparison of Sinopec Shanghai Petrochemical Co's EBIT

For the Oil & Gas Refining & Marketing subindustry, Sinopec Shanghai Petrochemical 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.


Sinopec Shanghai Petrochemical Co's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Shanghai Petrochemical Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sinopec Shanghai Petrochemical Co's EV-to-EBIT falls into.



Sinopec Shanghai Petrochemical 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 $-179 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.


Sinopec Shanghai Petrochemical Co  (OTCPK:SHIIY) EBIT Explanation

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

Sinopec Shanghai Petrochemical 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 )
=42.772 * ( 1 - 32.73% )/( (3962.038 + 3669.967)/ 2 )
=28.7727244/3816.0025
=0.75 %

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))
=5554.22 - 1468.624 - ( 785.274 - max(0, 2040.924 - 2164.482+785.274))
=3962.038

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))
=5491.216 - 1249.732 - ( 1201.312 - max(0, 2002.29 - 2573.807+1201.312))
=3669.967

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

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

Sinopec Shanghai Petrochemical 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 )
=42.772/( ( (2156.764 + max(-142.471, 0)) + (2096.425 + max(93.662, 0)) )/ 2 )
=42.772/( ( 2156.764 + 2190.087 )/ 2 )
=42.772/2173.4255
=1.97 %

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)
=(202.928 + 1085.64 + 90.64) - (1468.624 + 0 + 53.055)
=-142.471

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(241.603 + 985.793 + 145.099) - (1249.732 + 0 + 29.101)
=93.662

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:

Sinopec Shanghai Petrochemical Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-179.017/1781.337
=-10.05 %

* 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.


Sinopec Shanghai Petrochemical Co EBIT Related Terms

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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Business Description

Address
No. 48 Jinyi Road, Jinshan District, Shanghai, CHN, 200540
Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes Synthetic fibers; Resins and plastics; Intermediate petrochemicals; Petroleum products; Trading of petrochemical products and Others. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.