Hainan Strait Shipping Co (SZSE:002320) EBIT : ¥1,595 Mil (TTM As of Mar. 2024)

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What is Hainan Strait Shipping Co EBIT?

Hainan Strait Shipping Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥588 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,595 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hainan Strait Shipping Co's annualized ROC % for the quarter that ended in Mar. 2024 was 32.04%. Hainan Strait Shipping Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 45.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hainan Strait Shipping Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.67%.

Hainan Strait Shipping Co EBIT Historical Data

The historical data trend for Hainan Strait Shipping 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.

Hainan Strait Shipping Co EBIT Chart

Hainan Strait Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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296.55

295.43

337.39

830.54

1,534.40

Hainan Strait Shipping 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															527.55	382.30	315.62	308.93	587.74

Competitive Comparison of Hainan Strait Shipping Co's EBIT

For the Marine Shipping subindustry, Hainan Strait Shipping 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.

Hainan Strait Shipping Co's EV-to-EBIT Distribution in the Transportation Industry

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

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

Hainan Strait Shipping 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 ¥1,595 Mil.

Hainan Strait Shipping Co (SZSE:002320) EBIT Explanation

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

Hainan Strait Shipping 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 )
=	2369.092 * ( 1 - 21.63% )	/	( (5829.621	+	5758.538)	/ 2 )
=	1856.6574004	/	5794.0795
=	32.04 %

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	))
=	7765.532	-	714.651	-	( 1646.73	-	max(0, 802.779	-	2024.039	+	1646.73	))
=	5829.621

	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	))
=	8091.373	-	723.647	-	( 1902.648	-	max(0, 821.821	-	2431.009	+	1902.648	))
=	5758.538

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

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

Hainan Strait Shipping 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 )
=	2350.972	/	( ( (5249.299 + max(-444.224, 0))	+	(5172.146 + max(-368.801, 0)) )	/	2 )
=	2350.972	/	( ( 5249.299	+	5172.146 )	/	2 )
=	2350.972	/	5210.7225
=	45.12 %

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)
=	(60.769	+	54.407	+	162.812)	-	(714.651	+	0	+	7.561)
=	-444.224

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(176.294	+	59.497	+	128.178)	-	(723.647	+	0	+	9.1229999999999)
=	-368.801

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1594.593	/	12585.795
	=	12.67 %

Hainan Strait Shipping Co EBIT Related Terms

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Hainan Strait Shipping Co (SZSE:002320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Strait Shipping Co Ltd (SZSE:002320) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

East Ocean Building, 7th Floor, Binhai Road, Haikou, CHN, 570311

Website

http://www.hnss.net.cn

Hainan Strait Shipping Co Ltd is a China-based company principally engaged in the passenger transportation business. The company is also involved in logistics and tourism. Hainan Strait Shipping Co. Ltd. has approximately 18 passenger ships in operation, with a total of more than 700 seats.

Executives

Lin Hai	Supervisors
Zhang Zi Xin	Executives
Chen Xue Si	Supervisors
Chen Bo	Executives
Lin Jian	Director
Li Wei	Director

Hainan Strait Shipping Co (SZSE:002320) Headlines

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