Harland & Wolff Group Holdings (LSE:HARL) EBIT : £-63.78 Mil (TTM As of Jun. 2023)

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What is Harland & Wolff Group Holdings EBIT?

Harland & Wolff Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-17.68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-63.78 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harland & Wolff Group Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was -25.11%. Harland & Wolff Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -81.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harland & Wolff Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -50.13%.

Harland & Wolff Group Holdings EBIT Historical Data

The historical data trend for Harland & Wolff Group 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.

Harland & Wolff Group Holdings EBIT Chart

Harland & Wolff Group Holdings Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec22

EBIT

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-0.73

-0.86

-1.08

-9.18

-60.16

Harland & Wolff Group Holdings Semi-Annual Data
	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-6.50	-6.27	-14.07	-46.09	-17.68

Competitive Comparison of Harland & Wolff Group Holdings's EBIT

For the Aerospace & Defense subindustry, Harland & Wolff Group 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.

Harland & Wolff Group Holdings's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Harland & Wolff Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harland & Wolff Group Holdings's EV-to-EBIT falls into.

Harland & Wolff Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-63.78 Mil.

Harland & Wolff Group Holdings (LSE:HARL) EBIT Explanation

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

Harland & Wolff Group Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-35.37 * ( 1 - 0% )	/	( (126.629	+	155.128)	/ 2 )
=	-35.37	/	140.8785
=	-25.11 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	66.659	-	23.838	-	( 1.98	-	max(0, 95.369	-	11.561	+	1.98	))
=	126.629

	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	))
=	81.681	-	43.836	-	( 6.743	-	max(0, 142.139	-	24.856	+	6.743	))
=	155.128

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Harland & Wolff Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-35.368	/	( ( (42.616 + max(-26.332, 0))	+	(44.246 + max(-25.723, 0)) )	/	2 )
=	-35.368	/	( ( 42.616	+	44.246 )	/	2 )
=	-35.368	/	43.431
=	-81.43 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.868	+	1.735	+	0.519)	-	(23.838	+	0	+	6.616)
=	-26.332

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.071	+	4.043	+	-0.00099999999999767)	-	(43.836	+	0	+	0)
=	-25.723

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Harland & Wolff Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-63.778	/	127.214
	=	-50.13 %

Harland & Wolff Group Holdings EBIT Related Terms

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Harland & Wolff Group Holdings (LSE:HARL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Harland & Wolff Group Holdings PLC (LSE:HARL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HARL.GB:UK 4PD1:Germany

Address

2 Swan Lane, Fieldfisher Riverbank House, London, GBR, EC4R 3TT

Website

https://www.harland-wolff.com

Harland & Wolff Group Holdings PLC is a multisite fabrication company, operating in the maritime and offshore industry through markets such as commercial, cruise and ferry, and renewables and six services namely technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion. The Comapny is organised into 6 segments: Cruise & Ferry, Commercial, Energy, Defence, Renewables and other being Head Office related. The Company generates revenue from multiple streams including shipbuilding, engineering (e.g. fabrication of wind turbines) and ship repairs and maintenance.

Harland & Wolff Group Holdings (LSE:HARL) Headlines

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