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Hwa Create (SZSE:300045) EBIT : ¥32.1 Mil (TTM As of Mar. 2024)


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What is Hwa Create EBIT?

Hwa Create's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥2.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥32.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hwa Create's annualized ROC % for the quarter that ended in Mar. 2024 was -0.06%. Hwa Create's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hwa Create's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.27%.


Hwa Create EBIT Historical Data

The historical data trend for Hwa Create'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.

Hwa Create EBIT Chart

Hwa Create 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 -142.17 49.24 -221.70 -127.91 31.71

Hwa Create Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.60 -15.27 22.35 23.03 1.96

Competitive Comparison of Hwa Create's EBIT

For the Aerospace & Defense subindustry, Hwa Create'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.


Hwa Create's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hwa Create's EV-to-EBIT distribution charts can be found below:

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



Hwa Create 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥32.1 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.


Hwa Create  (SZSE:300045) EBIT Explanation

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

Hwa Create's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-1.456 * ( 1 - 34.51% )/( (1713.234 + 1748.524)/ 2 )
=-0.9535344/1730.879
=-0.06 %

where

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))
=2388.153 - 383.694 - ( 291.225 - max(0, 541.378 - 1438.462+291.225))
=1713.234

Invested Capital(Q: Mar. 2024 )
=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))
=2484.546 - 417.893 - ( 318.129 - max(0, 611.893 - 1533.033+318.129))
=1748.524

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Hwa Create's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.848/( ( (122.444 + max(569.914, 0)) + (116.974 + max(582.438, 0)) )/ 2 )
=7.848/( ( 692.358 + 699.412 )/ 2 )
=7.848/695.885
=1.13 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(575.131 + 341.193 + 119.086) - (383.694 + 0 + 81.802)
=569.914

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(561.102 + 443.099 + 111.193) - (417.893 + 0 + 115.063)
=582.438

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Hwa Create's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=32.07/11820.013
=0.27 %

* 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.


Hwa Create EBIT Related Terms

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Hwa Create (SZSE:300045) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Dongbeiwangxi Road, Chuangtong Technology Building, Building 18, Zhongguancun Software Park, Haidian District, Beijing, CHN, 100193
Hwa Create Corp is a China-based company engaged in the research and development, manufacturing, and sale of technologies and products of satellite navigation, radar and communication, navigation and communication antenna and embedded system. Its products are used in electromechanical industries of aviation, aerospace, ship and emulation training. The products of the company include Beidou satellite navigation chips, application modules, and their corresponding simulated test devices, designated antenna for satellite navigation, embedded modules and simulated test devices for radar and communication system, computer simulation and test platform for the electromechanical system, and computer simulation application development services.
Executives
Wang Wei Directors, executives
Wu Meng Bing Directors, executives
Xiong Yun Hong Director
Wang Qi Director
Zhang Hai Ying Independent director
Li Zong Li Director
Lu Jun Director
Chen Kang Executives
Liu Jie Hua Executives
Huang Jian Xin Executives
Fu Zheng Jun Executives
Huang Yu Bin Executives
Gao Xiao Li Directors, executives
Chen Yan Supervisors
Wang Ning Supervisors

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