Highway Capital (LSE:HWC) EBIT : £-0.65 Mil (TTM As of Aug. 2022)

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What is Highway Capital EBIT?

Highway Capital's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2022 was £-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2022 was £-0.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highway Capital's annualized ROC % for the quarter that ended in Aug. 2022 was -56.74%. Highway Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highway Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2022 was -36.50%.

Highway Capital EBIT Historical Data

The historical data trend for Highway Capital'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.

Highway Capital EBIT Chart

Highway Capital Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

EBIT

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0.03

-0.25

-0.29

-0.14

-0.54

Highway Capital Semi-Annual Data
	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
EBIT	Get a 7-Day Free Trial															-0.15	0.01	-0.14	-0.41	-0.24

Competitive Comparison of Highway Capital's EBIT

For the Conglomerates subindustry, Highway Capital'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.

Highway Capital's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Highway Capital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Highway Capital's EV-to-EBIT falls into.

Highway Capital 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 Aug. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.65 Mil.

Highway Capital (LSE:HWC) EBIT Explanation

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

Highway Capital's annualized ROC % for the quarter that ended in Aug. 2022 is calculated as:

	ROC % (Q: Aug. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2022 )	+	Invested Capital (Q: Aug. 2022 ))	/ count )
=	-0.486 * ( 1 - 0% )	/	( (0.702	+	1.011)	/ 2 )
=	-0.486	/	0.8565
=	-56.74 %

where

	Invested Capital		(Q: Feb. 2022 )
=	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	))
=	0.032	-	0.999	-	( 0.005	-	max(0, 1.701	-	0.032	+	0.005	))
=	0.702

	Invested Capital		(Q: Aug. 2022 )
=	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	))
=	0.008	-	0.909	-	( 0.001	-	max(0, 1.92	-	0.008	+	0.001	))
=	1.011

Note: The Operating Income data used here is two times the semi-annual (Aug. 2022) data.

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

Highway Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2022		Q: Aug. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.486	/	( ( (0 + max(-1.47, 0))	+	(0 + max(-0.902, 0)) )	/	2 )
=	-0.486	/	( ( 0	+	0 )	/	2 )
=	-0.486	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Feb. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.999	+	0	+	0.471)
=	-1.47

	Working Capital		(Q: Aug. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.007	+	0	+	0)	-	(0.909	+	0	+	0)
=	-0.902

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2022) EBIT data.

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

Highway Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2022 )
	=	-0.65	/	1.781
	=	-36.50 %

Highway Capital EBIT Related Terms

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Highway Capital (LSE:HWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Highway Capital PLC (LSE:HWC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Reynolds Road, Eden House, Beaconsfield, Buckinghamshire, GBR, HP9 2FL

Website

http://www.highwaycapital.co.uk

Highway Capital PLC is a United Kingdom-based company. The company focuses on investing in or acquiring undervalued companies with either strong asset backing or opportunities, which possess high barriers to entry.