GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huazhong In-Vehicle Holdings Co Ltd (HKSE:06830) » Definitions » EBIT

Huazhong In-Vehicle Holdings Co (HKSE:06830) EBIT : HK$88 Mil (TTM As of Dec. 2023)


View and export this data going back to 2012. Start your Free Trial

What is Huazhong In-Vehicle Holdings Co EBIT?

Huazhong In-Vehicle Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$88 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Huazhong In-Vehicle Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 was 6.08%. Huazhong In-Vehicle Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Huazhong In-Vehicle Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.94%.


Huazhong In-Vehicle Holdings Co EBIT Historical Data

The historical data trend for Huazhong In-Vehicle Holdings 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.

Huazhong In-Vehicle Holdings Co EBIT Chart

Huazhong In-Vehicle Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 173.15 204.16 170.55 191.27 88.41

Huazhong In-Vehicle Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 93.35 68.98 125.55 48.58 39.83

Competitive Comparison of Huazhong In-Vehicle Holdings Co's EBIT

For the Auto Parts subindustry, Huazhong In-Vehicle Holdings 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.


Huazhong In-Vehicle Holdings Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huazhong In-Vehicle Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Huazhong In-Vehicle Holdings Co's EV-to-EBIT falls into.



Huazhong In-Vehicle Holdings 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$88 Mil.

* 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.


Huazhong In-Vehicle Holdings Co  (HKSE:06830) EBIT Explanation

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

Huazhong In-Vehicle Holdings 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 )
=125.958 * ( 1 - -9.16% )/( (2138.852 + 2383.148)/ 2 )
=137.4957528/2261
=6.08 %

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))
=3497.394 - 1189.766 - ( 168.776 - max(0, 1730.821 - 1948.982+168.776))
=2138.852

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))
=3727.582 - 1221.691 - ( 122.743 - max(0, 1583.954 - 1928.187+122.743))
=2383.148

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:

Huazhong In-Vehicle Holdings 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 )
=79.66/( ( (1282.684 + max(-59.951, 0)) + (1338.614 + max(165.375, 0)) )/ 2 )
=79.66/( ( 1282.684 + 1503.989 )/ 2 )
=79.66/1393.3365
=5.72 %

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)
=(568.817 + 485.39 + 75.608) - (1189.766 + 0 + 0)
=-59.951

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(705.53 + 508.1 + 249.061) - (1221.691 + 0 + 75.625)
=165.375

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:

Huazhong In-Vehicle Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=88.414/4564.740
=1.94 %

* 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.


Huazhong In-Vehicle Holdings Co EBIT Related Terms

Thank you for viewing the detailed overview of Huazhong In-Vehicle Holdings Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Huazhong In-Vehicle Holdings Co (HKSE:06830) Business Description

Traded in Other Exchanges
N/A
Address
Number 104 Zhenan Road, Xiangshan County, Zhejiang Province, Xizhou, CHN
Huazhong In-Vehicle Holdings Co Ltd is an investment holding company, which acts as a supplier of automobile body parts. The business activity of the group includes manufacturing and sale of decorative and structural automobile parts, molds and tooling, casing, and the liquid tank of air conditioning or heater units and other non-automobile products. Geographically it operates through the region of China and derives revenue from the sale of automobile body parts.
Executives
Zhou Minfeng 2101 Beneficial owner
Chen Chun'er 2202 Interest of your spouse
Huayou Holdings Company Limited 2101 Beneficial owner

Huazhong In-Vehicle Holdings Co (HKSE:06830) Headlines

No Headlines