Hove AS (OCSE:HOVE) EBIT : kr4.2 Mil (TTM As of Jun. 2024)

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What is Hove AS EBIT?

Hove AS's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was kr7.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was kr4.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hove AS's annualized ROC % for the quarter that ended in Jun. 2024 was 13.11%. Hove AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 24.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hove AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 5.51%.

Hove AS EBIT Historical Data

The historical data trend for Hove AS'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.

Hove AS EBIT Chart

Hove AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

3.81

8.86

6.12

11.03

9.97

Hove AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial				1.65	9.38	13.41	-3.44	7.67

Competitive Comparison of Hove AS's EBIT

For the Specialty Chemicals subindustry, Hove AS'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.

Hove AS's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hove AS's EV-to-EBIT distribution charts can be found below:

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

Hove AS 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 kr4.2 Mil.

Hove AS (OCSE:HOVE) EBIT Explanation

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

Hove AS'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 )
=	13.492 * ( 1 - 25.94% )	/	( (71.595	+	80.82)	/ 2 )
=	9.9921752	/	76.2075
=	13.11 %

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	))
=	96.416	-	11.191	-	( 13.63	-	max(0, 13.974	-	69.696	+	13.63	))
=	71.595

	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	))
=	104.54	-	19.765	-	( 3.955	-	max(0, 20.425	-	78.278	+	3.955	))
=	80.82

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:

Hove AS'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 )
=	15.334	/	( ( (17.288 + max(37.801, 0))	+	(16.892 + max(51.412, 0)) )	/	2 )
=	15.334	/	( ( 55.089	+	68.304 )	/	2 )
=	15.334	/	61.6965
=	24.85 %

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)
=	(20.467	+	30.467	+	0)	-	(11.191	+	0	+	1.942)
=	37.801

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.755	+	38.484	+	1.301)	-	(19.765	+	0	+	0.363)
=	51.412

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:

Hove AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	4.232	/	76.820
	=	5.51 %

Hove AS EBIT Related Terms

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Hove AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hove AS (OCSE:HOVE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Herstedostervej 7, Glostrup, DNK, 2600

Website

https://www.hove-as.com

Hove AS is a developer, producer and supplier of advanced lubrication solutions for heavy machinery. Its products cover Hove Smart Lube, Lubrication solutions, and Beinlich & Hafnia pumps.

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