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Capital Environment Holdings (HKSE:03989) EBIT : HK$818 Mil (TTM As of Jun. 2024)


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What is Capital Environment Holdings EBIT?

Capital Environment Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$482 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$818 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capital Environment Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 4.94%. Capital Environment Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 105.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Capital Environment Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.88%.


Capital Environment Holdings EBIT Historical Data

The historical data trend for Capital Environment 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.

Capital Environment Holdings EBIT Chart

Capital Environment Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,571.01 1,705.52 768.63 798.05 814.31

Capital Environment Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 233.11 382.29 415.76 482.48 335.81

Competitive Comparison of Capital Environment Holdings's EBIT

For the Waste Management subindustry, Capital Environment 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.


Capital Environment Holdings's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Capital Environment Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Capital Environment Holdings's EV-to-EBIT falls into.


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Capital Environment 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$818 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.


Capital Environment Holdings  (HKSE:03989) EBIT Explanation

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

Capital Environment 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 )
=1046.312 * ( 1 - 17.49% )/( (17357.067 + 17589.192)/ 2 )
=863.3120312/17473.1295
=4.94 %

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))
=22189.674 - 2324.026 - ( 2508.581 - max(0, 3858.927 - 6924.031+2508.581))
=17357.067

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))
=22166.97 - 2231.66 - ( 2346.118 - max(0, 3687.595 - 7453.865+2346.118))
=17589.192

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:

Capital Environment 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 )
=964.958/( ( (655.71 + max(-33.153000000001, 0)) + (596.967 + max(568.522, 0)) )/ 2 )
=964.958/( ( 655.71 + 1165.489 )/ 2 )
=964.958/910.5995
=105.97 %

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)
=(2187.842 + 84.895 + 36.781999999999) - (2324.026 + 0 + 18.646)
=-33.153000000001

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2724.711 + 86.418 + 7.1959999999999) - (2231.66 + 0 + 18.143)
=568.522

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:

Capital Environment Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=818.286/10388.644
=7.88 %

* 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.


Capital Environment Holdings EBIT Related Terms

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Capital Environment Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai Hong Kong, Hong Kong, HKG
Capital Environment Holdings Ltd is an investment holding company engaged in the provision of waste treatment technologies and services, which specializes in technology development, design, system integration, project investment, consultancy, operation, and maintenance of waste treatment facilities, especially waste-to-energy projects. The Group has a single reportable segment which is the Waste treatment & waste-to-energy business in the PRC.

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