Add New Energy Investment Holdings Group (HKSE:02623) EBIT : HK$9.5 Mil (TTM As of Jun. 2024)

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What is Add New Energy Investment Holdings Group EBIT?

Add New Energy Investment Holdings Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-11.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$9.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Add New Energy Investment Holdings Group's annualized ROC % for the quarter that ended in Jun. 2024 was -6.32%. Add New Energy Investment Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -7.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Add New Energy Investment Holdings Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.28%.

Add New Energy Investment Holdings Group EBIT Historical Data

The historical data trend for Add New Energy Investment Holdings Group'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.

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Add New Energy Investment Holdings Group EBIT Chart

Add New Energy Investment Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-62.94

93.86

-14.32

83.00

68.97

Add New Energy Investment Holdings Group 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															29.45	54.95	48.04	20.93	-11.48

Competitive Comparison of Add New Energy Investment Holdings Group's EBIT

For the Other Industrial Metals & Mining subindustry, Add New Energy Investment Holdings Group'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.

Add New Energy Investment Holdings Group's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Add New Energy Investment Holdings Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Add New Energy Investment Holdings Group's EV-to-EBIT falls into.

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Add New Energy Investment Holdings Group 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$9.5 Mil.

Add New Energy Investment Holdings Group (HKSE:02623) EBIT Explanation

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

Add New Energy Investment Holdings Group'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 )
=	-41.85 * ( 1 - -11.99% )	/	( (780.38	+	701.945)	/ 2 )
=	-46.867815	/	741.1625
=	-6.32 %

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	))
=	950.819	-	198.391	-	( 159.837	-	max(0, 285.845	-	257.893	+	159.837	))
=	780.38

	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	))
=	966.387	-	209.966	-	( 79.511	-	max(0, 357.66	-	412.136	+	79.511	))
=	701.945

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:

Add New Energy Investment Holdings Group'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 )
=	-22.962	/	( ( (358.076 + max(-172.393, 0))	+	(251.692 + max(-14.678, 0)) )	/	2 )
=	-22.962	/	( ( 358.076	+	251.692 )	/	2 )
=	-22.962	/	304.884
=	-7.53 %

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)
=	(31.626	+	10.612	+	37.881)	-	(198.391	+	0	+	54.121)
=	-172.393

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.881	+	17.493	+	280.149)	-	(209.966	+	0	+	114.235)
=	-14.678

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:

Add New Energy Investment Holdings Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	9.451	/	150.413
	=	6.28 %

Add New Energy Investment Holdings Group EBIT Related Terms

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Add New Energy Investment Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Add New Energy Investment Holdings Group Ltd (HKSE:02623) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Qin Jia Zhuang, Yangzhuang Town, Yishui County, Shandong Province, CHN

Website

https://www.addnewenergy.com.hk

Add New Energy Investment Holdings Group Ltd is an investment holding company involved in the exploration and mining of iron and ilmenite ore. It produces and sells iron and titanium concentrates to iron pellets and steel producers. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Luxing Titanium Mine, and Gaozhuang Shangyu Ilmenite. It has two reportable segments Mining and ore processing and Trading of minerals, the majority of its revenue comes from the Trading of minerals.

Executives

Li Yunde	2201 Interest of corporation controlled by you
Zhang Limei	2202 Interest of your spouse
Hongfa Holdings Limited	2101 Beneficial owner

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