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HK Electric Investments and HK Electric Investments (HK Electric Investments and HK Electric Investments) EBIT : $636 Mil (TTM As of Dec. 2023)


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What is HK Electric Investments and HK Electric Investments EBIT?

HK Electric Investments and HK Electric Investments's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $343 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $636 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HK Electric Investments and HK Electric Investments's annualized ROC % for the quarter that ended in Dec. 2023 was 4.02%. HK Electric Investments and HK Electric Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HK Electric Investments and HK Electric Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.31%.


HK Electric Investments and HK Electric Investments EBIT Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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.

HK Electric Investments and HK Electric Investments EBIT Chart

HK Electric Investments and HK Electric Investments 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 539.82 534.06 621.23 579.16 637.15

HK Electric Investments and HK Electric Investments 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 345.81 239.68 337.56 293.50 342.77

Competitive Comparison of HK Electric Investments and HK Electric Investments's EBIT

For the Utilities - Regulated Electric subindustry, HK Electric Investments and HK Electric Investments'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.


HK Electric Investments and HK Electric Investments's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, HK Electric Investments and HK Electric Investments's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HK Electric Investments and HK Electric Investments's EV-to-EBIT falls into.



HK Electric Investments and HK Electric Investments 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 $636 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.


HK Electric Investments and HK Electric Investments  (OTCPK:HKCVF) EBIT Explanation

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

HK Electric Investments and HK Electric Investments'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 )
=727.548 * ( 1 - 17.58% )/( (14860.079 + 14967.733)/ 2 )
=599.6450616/14913.906
=4.02 %

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))
=15414.784 - 519.086 - ( 35.619 - max(0, 570.28 - 638.197+35.619))
=14860.079

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))
=15178.366 - 546.749 - ( 2.689 - max(0, 655.33 - 319.214+2.689))
=14967.733

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:

HK Electric Investments and HK Electric Investments'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 )
=685.548/( ( (10084.897 + max(-60.898, 0)) + (10221.004 + max(-324.72, 0)) )/ 2 )
=685.548/( ( 10084.897 + 10221.004 )/ 2 )
=685.548/10152.9505
=6.75 %

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)
=(150.645 + 155.241 + 159.452) - (519.086 + 0 + 7.15)
=-60.898

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(92.704 + 128.428 + 12.036) - (546.749 + 0 + 11.139)
=-324.72

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:

HK Electric Investments and HK Electric Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=636.276/11981.856
=5.31 %

* 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.


HK Electric Investments and HK Electric Investments EBIT Related Terms

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HK Electric Investments and HK Electric Investments (HK Electric Investments and HK Electric Investments) Business Description

Traded in Other Exchanges
Address
44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG
HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

HK Electric Investments and HK Electric Investments (HK Electric Investments and HK Electric Investments) Headlines

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