GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Nature Energy Technology Holdings Ltd (HKSE:01597) » Definitions » EBIT

China Nature Energy Technology Holdings (HKSE:01597) EBIT : HK$-9.0 Mil (TTM As of Dec. 2023)


View and export this data going back to 2020. Start your Free Trial

What is China Nature Energy Technology Holdings EBIT?

China Nature Energy Technology Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-5.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-9.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Nature Energy Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -3.22%. China Nature Energy Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Nature Energy Technology Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.79%.


China Nature Energy Technology Holdings EBIT Historical Data

The historical data trend for China Nature Energy Technology 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 Nature Energy Technology Holdings EBIT Chart

China Nature Energy Technology Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 62.41 62.64 34.17 10.78 -9.04

China Nature Energy Technology Holdings Semi-Annual Data
Dec17 Dec18 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 13.53 6.46 4.62 -3.91 -5.13

Competitive Comparison of China Nature Energy Technology Holdings's EBIT

For the Specialty Industrial Machinery subindustry, China Nature Energy Technology 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 Nature Energy Technology Holdings's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Nature Energy Technology Holdings's EV-to-EBIT distribution charts can be found below:

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



China Nature Energy Technology 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-9.0 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 Nature Energy Technology Holdings  (HKSE:01597) EBIT Explanation

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

China Nature Energy Technology Holdings'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 )
=-9.936 * ( 1 - -5.18% )/( (329.124 + 319.715)/ 2 )
=-10.4506848/324.4195
=-3.22 %

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))
=550.891 - 188.513 - ( 33.254 - max(0, 239.044 - 408.787+33.254))
=329.124

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))
=566.948 - 186.174 - ( 61.059 - max(0, 266.967 - 412.478+61.059))
=319.715

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:

China Nature Energy Technology Holdings'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 )
=-10.254/( ( (135.968 + max(85.402, 0)) + (137.457 + max(39.464, 0)) )/ 2 )
=-10.254/( ( 221.37 + 176.921 )/ 2 )
=-10.254/199.1455
=-5.15 %

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)
=(181.195 + 63 + 30.41) - (188.513 + 0 + 0.69)
=85.402

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(180.477 + 14.207 + 32.042) - (186.174 + 0 + 1.088)
=39.464

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-9.041/1149.769
=-0.79 %

* 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 Nature Energy Technology Holdings EBIT Related Terms

Thank you for viewing the detailed overview of China Nature Energy Technology Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


China Nature Energy Technology Holdings (HKSE:01597) Business Description

Traded in Other Exchanges
N/A
Address
Building A, Standard Factory Phase II, Runzhou Road, Huishan Industrial Transformation Park, Jiangsu Province, Wuxi, CHN
Website
China Nature Energy Technology Holdings Ltd is engaged in the integration, manufacturing, and sales of pitch control systems and related components, wind power generation, wind farm operation, maintenance business, and provision of wind energy-related consultancy services in the People's Republic of China. Its segments include Sales of pitch control systems and related components; Sales of wind power; Wind farm operation and maintenance business; and Provision of wind energy-related consultancy services. It derives a majority of the revenue from research and development, integration, manufacturing, and sale of pitch control systems and related components in wind turbine manufacturing.
Executives
Cheng Liquan Richard 2201 Interest of corporation controlled by you
Hongyuan Company Limited 2101 Beneficial owner
Zhou Xuan 2202 Interest of your spouse

China Nature Energy Technology Holdings (HKSE:01597) Headlines

No Headlines