China Huarong Energy Co (HKSE:01101) EBIT: HK$-218.72 Mil (TTM As of Jun. 2024)

What is China Huarong Energy Co EBIT?

China Huarong Energy Co HKSE:01101 EBIT is HK$-218.72 Mil as of Jun. 2024.

China Huarong Energy Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-216.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-218.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Huarong Energy Co's annualized ROC % for the quarter that ended in Jun. 2024 was -2.00%. China Huarong Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -72.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Huarong Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -2.62%.

China Huarong Energy Co (HKSE:01101) EBIT Explanation

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

China Huarong Energy Co'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 )
=	-179.194 * ( 1 - 0% )	/	( (8976.194	+	8979.833)	/ 2 )
=	-179.194	/	8978.0135
=	-2.00 %

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	))
=	1536.902	-	1430.083	-	( 2.344	-	max(0, 8897.223	-	27.848	+	2.344	))
=	8976.194

	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	))
=	1530.136	-	1534.993	-	( 3.905	-	max(0, 9018.371	-	33.681	+	3.905	))
=	8979.833

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 Huarong Energy Co'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 )
=	-433.194	/	( ( (606.993 + max(-7018.08, 0))	+	(591.041 + max(-7129.872, 0)) )	/	2 )
=	-433.194	/	( ( 606.993	+	591.041 )	/	2 )
=	-433.194	/	599.017
=	-72.32 %

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)
=	(8.321	+	3.254	+	9.345)	-	(1430.083	+	0	+	5608.917)
=	-7018.08

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.304	+	3.414	+	0)	-	(1534.993	+	0	+	5609.597)
=	-7129.872

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 Huarong Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-218.72	/	8357.427
	=	-2.62 %

* 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 Huarong Energy Co EBIT Related Terms

China Huarong Energy Co EBIT Historical Data

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The historical data trend for China Huarong Energy Co's EBIT can be seen below:

China Huarong Energy Co EBIT Chart

China Huarong Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-81.05

1,152.55

36.15

-516.45

-332.62

China Huarong Energy Co 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															-305.20	-225.70	-330.50	-2.12	-216.60

HKSE:01101 vs COP, EOG, OXY: EBIT Comparison

For the Oil & Gas E&P subindustry, China Huarong Energy Co'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 Huarong Energy Co EV-to-EBIT vs Oil & Gas Industry

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

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

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China Huarong Energy Co 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$-218.72 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of HK$-218.72 Mil mean?

China Huarong Energy Co (HKSE:01101) has a EBIT of HK$-218.72 Mil as of Jun. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Huarong Energy Co.

Is China Huarong Energy Co's EBIT too high?

China Huarong Energy Co's current EBIT is HK$-218.72 Mil.

How does China Huarong Energy Co's EBIT compare to COP and EOG?

China Huarong Energy Co's EBIT of HK$-218.72 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Huarong Energy Co. China Huarong Energy Co's current EBIT is HK$-218.72 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Huarong Energy Co stock overvalued right now?

China Huarong Energy Co (HKSE:01101) has a current EBIT of HK$-218.72 Mil. The current EBIT is HK$-218.72 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For China Huarong Energy Co (HKSE:01101), the current EBIT is HK$-218.72 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Huarong Energy Co Business Description

Industry Energy Oil & Gas

Comparable Companies HKSE:01555 HKSE:03395 HKSE:02012 HKSE:00632 HKSE:00883 COP TSX:CNQ EOG MIC:NVTK OXY HES FANG EQT TPL EXE ASX:WDS DVN CTRA TSX:TOU TSE:1605

Address 50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chaiwan, Hong Kong, HKG

Website http://www.huarongenergy.com.hk

China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.