Hawaiian Electric Industries (Hawaiian Electric Industries) EBIT : $366 Mil (TTM As of Dec. 2023)

View and export this data going back to 1983. Start your Free Trial

What is Hawaiian Electric Industries EBIT?

Hawaiian Electric Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $366 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hawaiian Electric Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 2.02%. Hawaiian Electric Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hawaiian Electric Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.06%.

Hawaiian Electric Industries EBIT Historical Data

The historical data trend for Hawaiian Electric Industries'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.

Hawaiian Electric Industries EBIT Chart

Hawaiian Electric Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

357.86

326.33

401.98

404.18

366.03

Hawaiian Electric Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															97.04	97.97	97.90	80.37	89.79

Competitive Comparison of Hawaiian Electric Industries's EBIT

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries'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.

Hawaiian Electric Industries's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hawaiian Electric Industries's EV-to-EBIT falls into.

Hawaiian Electric Industries 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 quarterly data reported by the company within the most recent 12 months, which was $366 Mil.

Hawaiian Electric Industries (NYSE:HE) EBIT Explanation

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

Hawaiian Electric Industries'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	363.984 * ( 1 - 13.45% )	/	( (16010.465	+	15129.168)	/ 2 )
=	315.028152	/	15569.8165
=	2.02 %

where

	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	))
=	16991.818	-	314.224	-	( 667.129	-	max(0, 314.224	-	7339.186	+	667.129	))
=	16010.465

	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	))
=	17243.821	-	298.668	-	( 1815.985	-	max(0, 298.668	-	8527.795	+	1815.985	))
=	15129.168

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Hawaiian Electric Industries'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	359.16	/	( ( (6016.808 + max(243.193, 0))	+	(6245.031 + max(306.704, 0)) )	/	2 )
=	359.16	/	( ( 6260.001	+	6551.735 )	/	2 )
=	359.16	/	6405.868
=	5.61 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(540.082	+	0	+	17.335)	-	(314.224	+	0	+	0)
=	243.193

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(575.176	+	0	+	30.196)	-	(298.668	+	0	+	0)
=	306.704

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Hawaiian Electric Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	366.032	/	3309.174
	=	11.06 %

Hawaiian Electric Industries EBIT Related Terms

Thank you for viewing the detailed overview of Hawaiian Electric Industries's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Industries Inc (NYSE:HE) » Definitions » EBIT

Comparable Companies

GNE VIA SUME MGEE PNM POR IDA NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG ED BOM:532898 XEL

Traded in Other Exchanges

HWI:Germany HWI:Germany

Address

1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813

Website

https://www.hei.com

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.

Executives

Scott Deghetto	officer: EVP, CFO & Treasurer	P.O. BOX 730, HONOLULU HI 96808
Bruce Tamashiro	officer: Controller, PAO	P.O. BOX 730, HONOLULU HI 96808
Keith P Russell	director	200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Yoko Otani	director	P.O. BOX 730, HONOLULU HI 96808
Michael J. Kennedy	director	P.O. BOX 730, HONOLULU HI 96808
Elisia Flores	director	PO BOX 730, HONOLULU HI 96808
Gregory C Hazelton	officer: SVP - Finance	220 NW SECOND AVENUE, PORTLAND OR 97209
Lau Constance H	director, officer: President	C/O HAWAIIAN ELECTRIC INDUSTRIES, INC., P O BOX 730, HONOLULIU HI 96808
Ann Teranishi	officer: Pres & CEO, Amer Savings Bank	P.O. BOX 730, HONOLULU HI 96813
Kimura Shelee M.t.	officer: Pres & CEO, Hawn Electric Co.	C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Spring Master Fund, L.p.	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Spring Master Fund A, L.p.	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Richard F Wacker	officer: Pres & CEO, Amer Savings Bank
Seu Scott W.h.	officer: Pres & CEO, Hawn Electric	C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Capital Management, Llc	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129