Henan Shuanghui Investment & Development Co (SZSE:000895) EBIT : ¥6,655 Mil (TTM As of Mar. 2024)

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What is Henan Shuanghui Investment & Development Co EBIT?

Henan Shuanghui Investment & Development Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥1,803 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥6,655 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Henan Shuanghui Investment & Development Co's annualized ROC % for the quarter that ended in Mar. 2024 was 17.81%. Henan Shuanghui Investment & Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Henan Shuanghui Investment & Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.33%.

Henan Shuanghui Investment & Development Co EBIT Historical Data

The historical data trend for Henan Shuanghui Investment & Development 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.

Henan Shuanghui Investment & Development Co EBIT Chart

Henan Shuanghui Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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6,960.57

8,071.61

6,346.85

7,293.75

6,827.18

Henan Shuanghui Investment & Development 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															1,975.01	1,774.07	1,993.61	1,084.49	1,802.62

Competitive Comparison of Henan Shuanghui Investment & Development Co's EBIT

For the Packaged Foods subindustry, Henan Shuanghui Investment & Development 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.

Henan Shuanghui Investment & Development Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Henan Shuanghui Investment & Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Henan Shuanghui Investment & Development Co's EV-to-EBIT falls into.

Henan Shuanghui Investment & Development 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 ¥6,655 Mil.

Henan Shuanghui Investment & Development Co (SZSE:000895) EBIT Explanation

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

Henan Shuanghui Investment & Development 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 )
=	7505.732 * ( 1 - 26.47% )	/	( (28550.289	+	33438.97)	/ 2 )
=	5518.9647396	/	30994.6295
=	17.81 %

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	))
=	36675.37	-	5764.336	-	( 3447.445	-	max(0, 14015.667	-	16376.412	+	3447.445	))
=	28550.289

	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	))
=	41395.818	-	4251.204	-	( 9546.273	-	max(0, 17578.955	-	21284.599	+	9546.273	))
=	33438.97

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

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

Henan Shuanghui Investment & Development 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 )
=	7210.492	/	( ( (18295.177 + max(4704.249, 0))	+	(18133.227 + max(4728.665, 0)) )	/	2 )
=	7210.492	/	( ( 22999.426	+	22861.892 )	/	2 )
=	7210.492	/	22930.659
=	31.44 %

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)
=	(217.288	+	8266.657	+	4186.865)	-	(5764.336	+	0	+	2202.225)
=	4704.249

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(205.241	+	7137.196	+	3769.86)	-	(4251.204	+	0	+	2132.428)
=	4728.665

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:

Henan Shuanghui Investment & Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	6654.786	/	90843.069
	=	7.33 %

Henan Shuanghui Investment & Development Co EBIT Related Terms

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Henan Shuanghui Investment & Development Co (SZSE:000895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Henan Shuanghui Investment & Development Co Ltd (SZSE:000895) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Shuanghui Road, Shuanghui Tower, Henan Province, Luohe, CHN, 462000

Website

http://www.shuanghui.net

Henan Shuanghui Investment & Development Co Ltd is a China-based meat processing company. It is principally engaged in the business of slaughtering, meat food, and food processing, packaging, processing of egg products and aquatic products.

Executives

Li Kai	Executives
Hu Yu Hong	Supervisors
Wang Hao Jie	Executives
Yang Dong Sheng	Independent director
Wan Long	Director
Liu Jin Tao	Executives
Wen Guo Shan	Executives
You Zhao Sheng	Executives
Liu Song Tao	Executives
Hu Yun Gong	Supervisors
You Mu	Executives
Qi Yong Yao	Secretary Dong
Ma Xiang Jie	Executives
Zhang Tai Xi	Directors, executives
Qiao Hai Li	Executives

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