Highway Capital (LSE:HWC) EBIT: £-0.43 Mil (TTM As of Feb. 2023)


What is Highway Capital EBIT?

Highway Capital LSE:HWC EBIT is £-0.43 Mil as of Feb. 2023.

Highway Capital's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2023 was £-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2023 was £-0.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highway Capital's annualized ROC % for the quarter that ended in Feb. 2023 was -36.79%. Highway Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highway Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2023 was -24.14%.

Highway Capital  (LSE:HWC) EBIT Explanation

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

Highway Capital's annualized ROC % for the quarter that ended in Feb. 2023 is calculated as:

ROC % (Q: Feb. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2022 ) + Invested Capital (Q: Feb. 2023 ))/ count )
=-0.374 * ( 1 - 0% )/( (1.011 + 1.022)/ 2 )
=-0.374/1.0165
=-36.79 %

where

Invested Capital(Q: Aug. 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))
=0.008 - 0.909 - ( 0.001 - max(0, 1.92 - 0.008+0.001))
=1.011

Invested Capital(Q: Feb. 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))
=0.009 - 0.354 - ( 0 - max(0, 1.376 - 0.009+0))
=1.022

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

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

Highway Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2022  Q: Feb. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.374/( ( (0 + max(-0.902, 0)) + (0 + max(-0.798, 0)) )/ 2 )
=-0.374/( ( 0 + 0 )/ 2 )
=-0.374/0
= %

where Working Capital is:

Working Capital(Q: Aug. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.007 + 0 + 0) - (0.909 + 0 + 0)
=-0.902

Working Capital(Q: Feb. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.354 + 0 + 0.444)
=-0.798

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2023 )
=-0.43/1.781
=-24.14 %

* 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.

Highway Capital EBIT Related Terms

Highway Capital EBIT Historical Data

* Premium members only.

The historical data trend for Highway Capital'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.

Highway Capital EBIT Chart

Highway Capital Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 -0.14 -0.54 -0.43 -0.21

Highway Capital Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Feb24
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 -0.14 -0.41 -0.24 -0.19 0.00

LSE:HWC vs HON, MMM, IEP: EBIT Comparison

For the Conglomerates subindustry, Highway Capital'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.

Highway Capital EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Highway Capital's EV-to-EBIT distribution charts can be found below:

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


Highway Capital 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 Feb. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.43 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of £-0.43 Mil mean?
Highway Capital (LSE:HWC) has a EBIT of £-0.43 Mil as of Feb. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Highway Capital.
Is Highway Capital's EBIT too high?
Highway Capital's current EBIT is £-0.43 Mil.
How does Highway Capital's EBIT compare to HON and MMM?
Highway Capital's EBIT of £-0.43 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Conglomerates company?
A good EBIT depends on the Conglomerates industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Highway Capital. Highway Capital's current EBIT is £-0.43 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highway Capital stock overvalued right now?
Highway Capital (LSE:HWC) has a current EBIT of £-0.43 Mil. The current EBIT is £-0.43 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Highway Capital (LSE:HWC), the current EBIT is £-0.43 Mil as of Feb. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Highway Capital Business Description

Address Reynolds Road, Eden House, Beaconsfield, Buckinghamshire, GBR, HP9 2FL
Highway Capital PLC is a United Kingdom-based company. The company focuses on investing in or acquiring undervalued companies with either strong asset backing or opportunities, which possess high barriers to entry.