Fujian Haixia Environmental Protection Group Co (SHSE:603817) EBIT : ¥294 Mil (TTM As of Sep. 2024)

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What is Fujian Haixia Environmental Protection Group Co EBIT?

Fujian Haixia Environmental Protection Group Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥294 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fujian Haixia Environmental Protection Group Co's annualized ROC % for the quarter that ended in Sep. 2024 was 6.39%. Fujian Haixia Environmental Protection Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 25.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fujian Haixia Environmental Protection Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.88%.

Fujian Haixia Environmental Protection Group Co EBIT Historical Data

The historical data trend for Fujian Haixia Environmental Protection Group 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.

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Fujian Haixia Environmental Protection Group Co EBIT Chart

Fujian Haixia Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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208.64

224.87

241.18

256.93

240.91

Fujian Haixia Environmental Protection Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															74.10	20.88	81.74	106.75	84.39

Competitive Comparison of Fujian Haixia Environmental Protection Group Co's EBIT

For the Utilities - Regulated Water subindustry, Fujian Haixia Environmental Protection Group 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.

Fujian Haixia Environmental Protection Group Co's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fujian Haixia Environmental Protection Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fujian Haixia Environmental Protection Group Co's EV-to-EBIT falls into.

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Fujian Haixia Environmental Protection Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥294 Mil.

Fujian Haixia Environmental Protection Group Co (SHSE:603817) EBIT Explanation

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

Fujian Haixia Environmental Protection Group Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	395.772 * ( 1 - 12.68% )	/	( (5426.164	+	5393.598)	/ 2 )
=	345.5881104	/	5409.881
=	6.39 %

where

	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	))
=	6613.905	-	899.306	-	( 675.294	-	max(0, 1888.204	-	2176.639	+	675.294	))
=	5426.164

	Invested Capital		(Q: Sep. 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	))
=	6652.878	-	842.899	-	( 508.602	-	max(0, 1801.022	-	2217.403	+	508.602	))
=	5393.598

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Fujian Haixia Environmental Protection Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	337.564	/	( ( (1270.643 + max(-95.544, 0))	+	(1238.773 + max(92.854999999999, 0)) )	/	2 )
=	337.564	/	( ( 1270.643	+	1331.628 )	/	2 )
=	337.564	/	1301.1355
=	25.94 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(702.981	+	15.681	+	92.702)	-	(899.306	+	0	+	7.6019999999999)
=	-95.544

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(841.023	+	15.285	+	95.962)	-	(842.899	+	0	+	16.516)
=	92.854999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Fujian Haixia Environmental Protection Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	293.763	/	4997.716
	=	5.88 %

Fujian Haixia Environmental Protection Group Co EBIT Related Terms

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Fujian Haixia Environmental Protection Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fujian Haixia Environmental Protection Group Co Ltd (SHSE:603817) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 16, Yangli Road, Gushan Town, Jin'an District, Fujian Province, Fuzhou, CHN, 350014

Website

http://www.fjhxhb.com

Fujian Haixia Environmental Protection Group Co Ltd is a Chinese company engaged in the businesses of sewage treatment and its recycling; investment, construction, management and maintenance of sewage treatment plant and sewage collection, treatment and discharge facilities; consultation and design of water supply and drainage engineering; equipment sales and installation; sewage treatment and sludge treatment, development. In addition, it is also involved in the business of technology transfer; training and appraisal of urban sewage treatment workers; water pollution control; and solid waste treatment and power generation.

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