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China Energy Development Holdings (HKSE:00228) EBIT : HK$129.4 Mil (TTM As of Jun. 2024)


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What is China Energy Development Holdings EBIT?

China Energy Development Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$62.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$129.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Energy Development Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 4.82%. China Energy Development Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 11.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Energy Development Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.15%.

China Energy Development Holdings EBIT Historical Data

The historical data trend for China Energy Development 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.

China Energy Development Holdings EBIT Chart

China Energy Development Holdings 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 -155.85 6.09 248.05 146.44 139.94

China Energy Development Holdings 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 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 97.96 48.48 72.62 67.32 62.06

Competitive Comparison of China Energy Development Holdings's EBIT

For the Oil & Gas Integrated subindustry, China Energy Development 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.

China Energy Development Holdings's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where China Energy Development Holdings's EV-to-EBIT falls into.


China Energy Development 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$129.4 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.

China Energy Development Holdings  (HKSE:00228) EBIT Explanation

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

China Energy Development Holdings'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 )
=141.848 * ( 1 - 21.52% )/( (2366.395 + 2248.986)/ 2 )
=111.3223104/2307.6905
=4.82 %

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))
=2366.42 - 158.876 - ( 72.454 - max(0, 304.698 - 145.847+72.454))
=2366.395

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))
=2317.781 - 143.192 - ( 61.731 - max(0, 245.215 - 170.818+61.731))
=2248.986

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:

China Energy Development Holdings'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 )
=124.114/( ( (1122.256 + max(-109.226, 0)) + (1085.138 + max(-70.108, 0)) )/ 2 )
=124.114/( ( 1122.256 + 1085.138 )/ 2 )
=124.114/1103.697
=11.25 %

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)
=(49.65 + 0 + 2.8421709430404E-14) - (158.876 + 0 + 0)
=-109.226

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(85.519 + 0 + 0) - (143.192 + 0 + 12.435)
=-70.108

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:

China Energy Development Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=129.377/983.571
=13.15 %

* 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.

China Energy Development Holdings EBIT Related Terms

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China Energy Development Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Energy Development Holdings Ltd (HKSE:00228) » Definitions » EBIT
Comparable Companies
HKSE:00346 HKSE:01251 SAU:2222 XOM CVX LSE:SHEL SHSE:601857 XPAR:TTE HKSE:00386 BSP:PETR3 LSE:BP. ADX:ADNOCGAS OSL:EQNR TSX:SU MIL:ENI TSX:IMO BOM:500312 TSX:CVE BKK:PTT BUE:YPFD
Traded in Other Exchanges
N/A
Address
No. 88 Yeung Uk Road, Office J, 29th Floor, Plaza 88, Tsuen Wan, New Territories, Hong Kong, HKG
Website
http://www.cnenergy.com.hk
China Energy Development Holdings Ltd is engaged in oil and gas exploration; distribution of natural gas; sales of food and beverages and money lending business in Hong Kong. Its segments include revenue-generating segments: The Exploration, Production, and Distribution of Natural Gas segment engaged in the exploration, development, production, and sales of natural gas and the usage of pipelines for the distribution of natural gas; The Sales of Food and Beverages Business segment is engaged in the sales of food and beverages; and The Money Lending Business segment is engaged in the provision of loans to third parties.
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