Huayi Electric Co (SHSE:600290) EBIT : ¥-412.4 Mil (TTM As of Sep. 2023)

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What is Huayi Electric Co EBIT?

Huayi Electric Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was ¥-40.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ¥-412.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Huayi Electric Co's annualized ROC % for the quarter that ended in Sep. 2023 was -2.51%. Huayi Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -18.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Huayi Electric Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -68.74%.

Huayi Electric Co EBIT Historical Data

The historical data trend for Huayi Electric Co'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.

Huayi Electric Co EBIT Chart

Huayi Electric Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-46.67

-2,816.56

92.93

-770.91

-392.61

Huayi Electric Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-20.64	-321.86	-44.62	-5.66	-40.23

Competitive Comparison of Huayi Electric Co's EBIT

For the Utilities - Renewable subindustry, Huayi Electric Co'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.

Huayi Electric Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Huayi Electric Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Huayi Electric Co's EV-to-EBIT falls into.

Huayi Electric Co 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-412.4 Mil.

Huayi Electric Co (SHSE:600290) EBIT Explanation

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

Huayi Electric Co's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-66.24 * ( 1 - -1.84% )	/	( (2711.667	+	2672.412)	/ 2 )
=	-67.458816	/	2692.0395
=	-2.51 %

where

	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	))
=	3342.207	-	1141.299	-	( 212.895	-	max(0, 1942.73	-	1431.971	+	212.895	))
=	2711.667

	Invested Capital		(Q: Sep. 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	))
=	3305.505	-	1223.806	-	( 218.956	-	max(0, 1971.551	-	1380.838	+	218.956	))
=	2672.412

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Huayi Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-160.936	/	( ( (881.826 + max(-511.817, 0))	+	(899.822 + max(-555.796, 0)) )	/	2 )
=	-160.936	/	( ( 881.826	+	899.822 )	/	2 )
=	-160.936	/	890.824
=	-18.07 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(485.728	+	245.642	+	160.065)	-	(1141.299	+	0	+	261.953)
=	-511.817

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(474.953	+	234.008	+	169.074)	-	(1223.806	+	0	+	210.025)
=	-555.796

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Huayi Electric Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-412.373	/	599.928
	=	-68.74 %

Huayi Electric Co EBIT Related Terms

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Huayi Electric Co (SHSE:600290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Huayi Electric Co Ltd (SHSE:600290) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 228, Central Avenue, Huayi Headquarters Economic Park, Yueqing Economic Development Zone, Zhejiang province, Leqing, CHN, 325600

Website

http://www.huayi.com

Huayi Electric Co Ltd is a Chinese company engaged in power generation, power transmission and distribution, power control and power consumption. It is primarily involved in the electrical and wind power fields. The company's electrical products are used in major projects such as the Three Gorges Project, the South-to-North Water Transfer Project, the Beijing Olympic Venue, the Shanghai World Expo, and the World Cup in Brazil.

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