Grand Ocean Advanced Resources Co (HKSE:00065) EBIT : HK$-32.0 Mil (TTM As of Dec. 2023)

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What is Grand Ocean Advanced Resources Co EBIT?

Grand Ocean Advanced Resources Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-5.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-32.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grand Ocean Advanced Resources Co's annualized ROC % for the quarter that ended in Dec. 2023 was -31.49%. Grand Ocean Advanced Resources Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -8.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grand Ocean Advanced Resources Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.90%.

Grand Ocean Advanced Resources Co EBIT Historical Data

The historical data trend for Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co EBIT Chart

Grand Ocean Advanced Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.65

-67.19

31.63

34.07

-32.01

Grand Ocean Advanced Resources Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															36.71	21.33	12.75	-26.30	-5.71

Competitive Comparison of Grand Ocean Advanced Resources Co's EBIT

For the Thermal Coal subindustry, Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co's EV-to-EBIT Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Grand Ocean Advanced Resources Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grand Ocean Advanced Resources Co's EV-to-EBIT falls into.

Grand Ocean Advanced Resources 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-32.0 Mil.

Grand Ocean Advanced Resources Co (HKSE:00065) EBIT Explanation

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

Grand Ocean Advanced Resources Co'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-59.614 * ( 1 - -1.12% )	/	( (172.815	+	210.086)	/ 2 )
=	-60.2816768	/	191.4505
=	-31.49 %

where

	Invested Capital		(Q: Jun. 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	))
=	284.932	-	63.805	-	( 52.862	-	max(0, 84.676	-	132.988	+	52.862	))
=	172.815

	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	))
=	307.225	-	46.723	-	( 95.359	-	max(0, 89.445	-	139.861	+	95.359	))
=	210.086

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Grand Ocean Advanced Resources Co'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.412	/	( ( (111.018 + max(-37.836, 0))	+	(153.816 + max(-45.945, 0)) )	/	2 )
=	-11.412	/	( ( 111.018	+	153.816 )	/	2 )
=	-11.412	/	132.417
=	-8.62 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	17.852	+	8.413)	-	(63.805	+	0	+	0.29600000000001)
=	-37.836

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	4.535	+	38.879)	-	(46.723	+	0	+	42.636)
=	-45.945

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Grand Ocean Advanced Resources Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-32.009	/	268.945
	=	-11.90 %

Grand Ocean Advanced Resources Co EBIT Related Terms

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Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

Executives

Cao Min	2201 Interest of corporation controlled by you
Yuan Nian Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Sungold Developments Group Limited	2101 Beneficial owner
Ninetynine Technology Service Limited	2101 Beneficial owner
Liu Chang Deng	2101 Beneficial owner
Xiao Bingnan	2101 Beneficial owner
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2101 Beneficial owner
Yang Fang	2201 Interest of corporation controlled by you

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

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