Honghua Group (FRA:4HB) EBIT : €-11.8 Mil (TTM As of Jun. 2024)

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What is Honghua Group EBIT?

Honghua Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €11.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-11.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Honghua Group's annualized ROC % for the quarter that ended in Jun. 2024 was -0.34%. Honghua Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Honghua Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1.74%.

Honghua Group EBIT Historical Data

The historical data trend for Honghua Group'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.

Honghua Group EBIT Chart

Honghua Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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51.10

38.79

-71.84

-55.96

-25.08

Honghua Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-56.67	-1.66	-1.48	-23.60	11.84

Competitive Comparison of Honghua Group's EBIT

For the Oil & Gas Equipment & Services subindustry, Honghua Group'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.

Honghua Group's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Honghua Group's EV-to-EBIT distribution charts can be found below:

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

Honghua Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-11.8 Mil.

Honghua Group (FRA:4HB) EBIT Explanation

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

Honghua Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	16.704 * ( 1 - 120.94% )	/	( (1013.806	+	1040.405)	/ 2 )
=	-3.4978176	/	1027.1055
=	-0.34 %

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	))
=	1607.857	-	490.77	-	( 103.281	-	max(0, 868.442	-	1035.927	+	103.281	))
=	1013.806

	Invested Capital		(Q: Jun. 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	))
=	1635.351	-	466.238	-	( 128.708	-	max(0, 897.534	-	1078.309	+	128.708	))
=	1040.405

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Honghua Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	23.684	/	( ( (336.932 + max(296.022, 0))	+	(320.024 + max(280.586, 0)) )	/	2 )
=	23.684	/	( ( 632.954	+	600.61 )	/	2 )
=	23.684	/	616.782
=	3.84 %

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)
=	(473.262	+	228.604	+	161.082)	-	(490.77	+	0	+	76.156)
=	296.022

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(570.477	+	212.748	+	43.259)	-	(466.238	+	0	+	79.66)
=	280.586

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Honghua Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-11.762	/	677.215
	=	-1.74 %

Honghua Group EBIT Related Terms

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Honghua Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Honghua Group Ltd (FRA:4HB) » Definitions » EBIT

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00196:Hong Kong

Address

99 East Road, Information Park, Jinniu District, Sichuan, Chengdu, CHN, 610036

Website

http://www.hh-gltd.com

Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East and Africa, of which prime revenue is derived from the PRC.

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