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Aowei Holding (HKSE:01370) EBIT : HK$-520.4 Mil (TTM As of Jun. 2024)


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What is Aowei Holding EBIT?

Aowei Holding's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-23.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-520.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aowei Holding's annualized ROC % for the quarter that ended in Jun. 2024 was -1.14%. Aowei Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -3.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aowei Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -29.19%.


Aowei Holding EBIT Historical Data

The historical data trend for Aowei Holding'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.

Aowei Holding EBIT Chart

Aowei Holding 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 -79.77 -45.37 382.99 139.18 -511.58

Aowei Holding 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 98.63 45.23 -14.43 -497.15 -23.25

Competitive Comparison of Aowei Holding's EBIT

For the Steel subindustry, Aowei Holding'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.


Aowei Holding's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aowei Holding's EV-to-EBIT distribution charts can be found below:

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



Aowei Holding 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$-520.4 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.


Aowei Holding  (HKSE:01370) EBIT Explanation

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

Aowei Holding'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 )
=-28.75 * ( 1 - 3.3% )/( (2474.15 + 2410.652)/ 2 )
=-27.80125/2442.401
=-1.14 %

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))
=2407.419 - 306.004 - ( 37.716 - max(0, 828.96 - 456.225+37.716))
=2474.15

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))
=2276.868 - 214.618 - ( 57.942 - max(0, 781.761 - 433.359+57.942))
=2410.652

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:

Aowei Holding'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 )
=-46.498/( ( (1450.335 + max(76.498, 0)) + (1375.673 + max(120.422, 0)) )/ 2 )
=-46.498/( ( 1526.833 + 1496.095 )/ 2 )
=-46.498/1511.464
=-3.08 %

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)
=(116.627 + 122.116 + 148.595) - (306.004 + 0 + 4.836)
=76.498

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(108.273 + 107.43 + 129.141) - (214.618 + 0 + 9.8039999999999)
=120.422

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:

Aowei Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-520.397/1782.797
=-29.19 %

* 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.


Aowei Holding EBIT Related Terms

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Aowei Holding Business Description

Traded in Other Exchanges
N/A
Address
No. 91 Guangping Avenue, Laiyuan County, Hebei Province, Baoding, CHN, 074300
Aowei Holding Ltd is engaged in the exploration, mining, processing, and trading of iron ore products and the provision of hospital management service in the People's Republic of China (PRC). The company owns and operates mines that are located in the Hebei Province, through which it produces iron ore and steel in the PRC. Its product offering includes iron ores, and iron ore concentrates that are processed at Gufen Mine, Wang'ergou Mine and Shuanmazhuang Mine and preliminary concentrates and iron ores processed at and recovered from Zhijiazhuang Mine. Its segments include Mining segment and Medical segment. The company generates majority of its from Mining segment.
Executives
Aowei International Developments Limited 2101 Beneficial owner
Hengshi Holdings Limited 2201 Interest of corporation controlled by you
Hengshi International Investments Limited 2101 Beneficial owner
Leung Hongying Li Ziwei 2307 Founder of a discretionary trust who can infl
Li Yanjun 2103 Interests held jointly with another person
Trident Trust Company (hk) Limited 2301 Trustee
Chak Limited 2201 Interest of corporation controlled by you
Credit Suisse Trust Limited 2301 Trustee
Seven Limited 2201 Interest of corporation controlled by you
Fresh Idea Ventures Limited 2106 Person having a security interest in shares
Huarong International Financial Holdings Limited 2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

Aowei Holding Headlines

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