Health and Happiness (H&H) International Holdings (FRA:8BI) EBIT

: €224 Mil (TTM As of Dec. 2023)

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Health and Happiness (H&H) International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €224 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Health and Happiness (H&H) International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -6.08%. Health and Happiness (H&H) International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 165.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Health and Happiness (H&H) International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.50%.

Health and Happiness (H&H) International Holdings EBIT Historical Data

The historical data trend for Health and Happiness (H&H) International Holdings'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.

Health and Happiness (H&H) International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

247.45

232.38

154.78

211.40

223.62

Health and Happiness (H&H) International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT																46.68	127.53	89.19	163.34	60.86

Competitive Comparison

For the Packaged Foods subindustry, Health and Happiness (H&H) International Holdings'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.

Health and Happiness (H&H) International Holdings EV-to-EBIT Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Health and Happiness (H&H) International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Health and Happiness (H&H) International Holdings's EV-to-EBIT falls into.

Health and Happiness (H&H) International Holdings 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 €224 Mil.

Health and Happiness (H&H) International Holdings (FRA:8BI) EBIT Explanation

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

Health and Happiness (H&H) International Holdings'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 )
=	167.214 * ( 1 - 185.91% )	/	( (2163.113	+	2565.026)	/ 2 )
=	-143.6535474	/	2364.0695
=	-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	))
=	2754.885	-	456.061	-	( 275.521	-	max(0, 657.66	-	793.371	+	275.521	))
=	2163.113

	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	))
=	2573.946	-	433.732	-	( 175.212	-	max(0, 1084.083	-	659.271	+	175.212	))
=	2565.026

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:

Health and Happiness (H&H) International Holdings'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 )
=	121.714	/	( ( (66.714 + max(14.03, 0))	+	(66.354 + max(-33.071, 0)) )	/	2 )
=	121.714	/	( ( 80.744	+	66.354 )	/	2 )
=	121.714	/	73.549
=	165.49 %

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)
=	(122.042	+	345.762	+	11.576)	-	(456.061	+	0	+	9.289)
=	14.03

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(133.689	+	304.99	+	1.073)	-	(433.732	+	0	+	39.091)
=	-33.071

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:

Health and Happiness (H&H) International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	224.2	/	1793.285
	=	12.50 %

Health and Happiness (H&H) International Holdings EBIT Related Terms

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Health and Happiness (H&H) International Holdings (FRA:8BI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Health and Happiness (H&H) International Holdings Ltd (FRA:8BI) » Definitions » EBIT

Traded in Other Exchanges

01112:Hong Kong

Address

18 Westlands Road, Suites 4007-09, 40th Floor, One Island East, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.hh.global

Health and Happiness (H&H) International Holdings Ltd manufactures and sells premium pediatric nutrition and baby-care products. The company has core business segments namely Infant formulas; Probiotic supplements; Adult nutrition and care products; Other pediatric products & Pet nutrition and care products. It generates maximum revenue from the Infant formulas segment. The Infant formulas segment comprises the production of infant formulas for children under seven years old and milk formulas for expectant and nursing mothers. Geographically, the majority is from Mainland China.

Health and Happiness (H&H) International Holdings (FRA:8BI) Headlines

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