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Hengyuan Refining Co Bhd (XKLS:4324) EBIT : RM-294 Mil (TTM As of Jun. 2024)


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What is Hengyuan Refining Co Bhd EBIT?

Hengyuan Refining Co Bhd's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was RM-164 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was RM-294 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hengyuan Refining Co Bhd's annualized ROC % for the quarter that ended in Jun. 2024 was -19.09%. Hengyuan Refining Co Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -26.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hengyuan Refining Co Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -15.50%.


Hengyuan Refining Co Bhd EBIT Historical Data

The historical data trend for Hengyuan Refining Co Bhd'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.

Hengyuan Refining Co Bhd EBIT Chart

Hengyuan Refining Co Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 168.97 277.62 141.59 -338.29 -386.09

Hengyuan Refining Co Bhd Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -67.84 44.02 -208.57 34.45 -164.12

Competitive Comparison of Hengyuan Refining Co Bhd's EBIT

For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co Bhd'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.


Hengyuan Refining Co Bhd's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hengyuan Refining Co Bhd's EV-to-EBIT falls into.



Hengyuan Refining Co Bhd 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 quarterly data reported by the company within the most recent 12 months, which was RM-294 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.


Hengyuan Refining Co Bhd  (XKLS:4324) EBIT Explanation

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

Hengyuan Refining Co Bhd'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: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-664.608 * ( 1 - 0.1% )/( (3455.995 + 3501.536)/ 2 )
=-663.943392/3478.7655
=-19.09 %

where

Invested Capital(Q: Mar. 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))
=4925.649 - 1766.955 - ( 393.515 - max(0, 2935.684 - 2638.383+393.515))
=3455.995

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))
=5735.694 - 2673.159 - ( 431.229 - max(0, 3917.547 - 3478.546+431.229))
=3501.536

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

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

Hengyuan Refining Co Bhd'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: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-656.464/( ( (2170.314 + max(353.715, 0)) + (2149.364 + max(289.69, 0)) )/ 2 )
=-656.464/( ( 2524.029 + 2439.054 )/ 2 )
=-656.464/2481.5415
=-26.45 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(858.143 + 1317.046 + 43.036) - (1766.955 + 0 + 97.555)
=353.715

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1306.96 + 1661.727 + 29.276) - (2673.159 + 0 + 35.114)
=289.69

When net working capital is negative, 0 is used.

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

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

Hengyuan Refining Co Bhd's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-294.216/1897.732
=-15.50 %

* 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.


Hengyuan Refining Co Bhd EBIT Related Terms

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Hengyuan Refining Co Bhd Business Description

Traded in Other Exchanges
N/A
Address
Batu 1, Jalan Pantai, Port Dickson, NSN, MYS, 71000
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, two reformers, and a gasoil treatment plant. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene. Majority of its revenue is derived from the sale of refined petroleum products.

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