Hui Min Environmental Tech (ROCO:6971) EBIT : NT$199 Mil (TTM As of Jun. 2024)

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What is Hui Min Environmental Tech EBIT?

Hui Min Environmental Tech's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was NT$121 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was NT$199 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hui Min Environmental Tech's annualized ROC % for the quarter that ended in Jun. 2024 was 9.73%. Hui Min Environmental Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 26.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hui Min Environmental Tech's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.15%.

Hui Min Environmental Tech EBIT Historical Data

The historical data trend for Hui Min Environmental Tech'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.

Hui Min Environmental Tech EBIT Chart

Hui Min Environmental Tech Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

72.76

86.64

136.39

Hui Min Environmental Tech Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			51.05	35.59	58.50	77.89	121.16

Competitive Comparison of Hui Min Environmental Tech's EBIT

For the Pollution & Treatment Controls subindustry, Hui Min Environmental Tech'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.

Hui Min Environmental Tech's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hui Min Environmental Tech's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hui Min Environmental Tech's EV-to-EBIT falls into.

Hui Min Environmental Tech 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 NT$199 Mil.

Hui Min Environmental Tech (ROCO:6971) EBIT Explanation

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

Hui Min Environmental Tech'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 )
=	192.278 * ( 1 - 21.24% )	/	( (1349.503	+	1762.962)	/ 2 )
=	151.4381528	/	1556.2325
=	9.73 %

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	))
=	1908.089	-	292.298	-	( 437.178	-	max(0, 838.533	-	1104.821	+	437.178	))
=	1349.503

	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	))
=	2290.096	-	299.806	-	( 510.944	-	max(0, 1135.73	-	1363.058	+	510.944	))
=	1762.962

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:

Hui Min Environmental Tech'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 )
=	242.328	/	( ( (636.971 + max(193.958, 0))	+	(690.002 + max(319.354, 0)) )	/	2 )
=	242.328	/	( ( 830.929	+	1009.356 )	/	2 )
=	242.328	/	920.1425
=	26.34 %

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)
=	(417.173	+	0	+	100.993)	-	(292.298	+	0	+	31.91)
=	193.958

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(483.389	+	0	+	170.987)	-	(299.806	+	0	+	35.216)
=	319.354

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:

Hui Min Environmental Tech's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	199.055	/	2442.437
	=	8.15 %

Hui Min Environmental Tech EBIT Related Terms

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Hui Min Environmental Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hui Min Environmental Tech Corp (ROCO:6971) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minsheng E. Road, 1F., No. 5, Aly. 2, Ln. 69, Sec. 5, Songshan District, Taipei City, TWN, 105

Website

http://www.huimin.com.tw

Hui Min Environmental Tech Corp is an environmental protection engineering construction company. It is engaged in the environmental protection business and provides environmental engineering and related professional and technical services and also includes equipment manufacturing, sales of constructions, and operational maintenance of government contracts.

Hui Min Environmental Tech Headlines

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