HK Battery Technology (HK Battery Technology) EBIT : $-3.39 Mil (TTM As of Mar. 2016)

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What is HK Battery Technology EBIT?

HK Battery Technology's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2016 was $-1.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $-3.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HK Battery Technology's annualized ROC % for the quarter that ended in Mar. 2016 was -42.43%. HK Battery Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was -82.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

HK Battery Technology EBIT Historical Data

The historical data trend for HK Battery Technology'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.

HK Battery Technology EBIT Chart

HK Battery Technology Annual Data

Trend

Dec06

Dec07

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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-1.83

-1.88

-1.33

-1.24

-2.62

HK Battery Technology Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
EBIT	Get a 7-Day Free Trial															-0.31	-0.33	-0.51	-1.47	-1.08

Competitive Comparison of HK Battery Technology's EBIT

For the Shell Companies subindustry, HK Battery Technology'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.

HK Battery Technology's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, HK Battery Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HK Battery Technology's EV-to-EBIT falls into.

HK Battery Technology 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.39 Mil.

HK Battery Technology (OTCPK:HKBT) EBIT Explanation

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

HK Battery Technology's annualized ROC % for the quarter that ended in Mar. 2016 is calculated as:

	ROC % (Q: Mar. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2015 )	+	Invested Capital (Q: Mar. 2016 ))	/ count )
=	-4.456 * ( 1 - 0% )	/	( (4.857	+	16.148)	/ 2 )
=	-4.456	/	10.5025
=	-42.43 %

where

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	49.788	-	5.774	-	( 39.157	-	max(0, 5.849	-	49.786	+	39.157	))
=	4.857

	Invested Capital		(Q: Mar. 2016 )
=	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	))
=	48.745	-	5.888	-	( 26.709	-	max(0, 5.888	-	48.743	+	26.709	))
=	16.148

Note: The Operating Income data used here is four times the quarterly (Mar. 2016) data.

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

HK Battery Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2015		Q: Mar. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.328	/	( ( (0 + max(4.555, 0))	+	(0 + max(5.921, 0)) )	/	2 )
=	-4.328	/	( ( 4.555	+	5.921 )	/	2 )
=	-4.328	/	5.238
=	-82.63 %

where Working Capital is:

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.28	+	0	+	10.124)	-	(5.774	+	0.074	+	0.0010000000000003)
=	4.555

	Working Capital		(Q: Mar. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	11.809)	-	(5.888	+	0	+	0)
=	5.921

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

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

HK Battery Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2016 )
	=	-3.391	/	0.000
	=	%

HK Battery Technology EBIT Related Terms

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HK Battery Technology (HK Battery Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HK Battery Technology Inc (OTCPK:HKBT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 East Colorado Boulevard, Suite 888, Pasadena, CA, USA, 91101

Website

HK Battery Technology Inc is a development stage company.

Executives

John N Braca	director	C/O SENESCO TECHNOLOGIES INC, 303 GEORGE ST STE 420, NEW BRUNSWICK NJ 08901
David Rector	director, officer: CEO, President, Sec. & Treasur
David C. Mathewson	director, 10 percent owner, officer: President	1265 MESA DRIVE, FERNLEY NV 89408

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