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Hapvida Participacoes Investimento (BSP:HAPV3) EBIT : R$1,081 Mil (TTM As of Dec. 2023)


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What is Hapvida Participacoes Investimento EBIT?

Hapvida Participacoes Investimento's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was R$506 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$1,081 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hapvida Participacoes Investimento's annualized ROC % for the quarter that ended in Dec. 2023 was -0.66%. Hapvida Participacoes Investimento's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hapvida Participacoes Investimento's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.99%.


Hapvida Participacoes Investimento EBIT Historical Data

The historical data trend for Hapvida Participacoes Investimento'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.

Hapvida Participacoes Investimento EBIT Chart

Hapvida Participacoes Investimento 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 1,252.75 1,282.23 727.03 159.07 1,086.65

Hapvida Participacoes Investimento Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -162.02 81.20 309.77 184.08 506.19

Competitive Comparison of Hapvida Participacoes Investimento's EBIT

For the Insurance - Life subindustry, Hapvida Participacoes Investimento'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.


Hapvida Participacoes Investimento's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Hapvida Participacoes Investimento's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hapvida Participacoes Investimento's EV-to-EBIT falls into.



Hapvida Participacoes Investimento 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,081 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.


Hapvida Participacoes Investimento  (BSP:HAPV3) EBIT Explanation

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

Hapvida Participacoes Investimento's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=2044.208 * ( 1 - 123.44% )/( (72701.864 + 71643.191)/ 2 )
=-479.1623552/72172.5275
=-0.66 %

where

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))
=74771.863 - 1644.212 - ( 5420.105 - max(0, 8485.482 - 8911.269+5420.105))
=72701.864

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))
=75155.841 - 1523.746 - ( 7003.623 - max(0, 8538.348 - 10527.252+7003.623))
=71643.191

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

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

Hapvida Participacoes Investimento's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2024.764/( ( (7020.067 + max(-2660.402, 0)) + (6882.558 + max(-2429.599, 0)) )/ 2 )
=2024.764/( ( 7020.067 + 6882.558 )/ 2 )
=2024.764/6951.3125
=29.13 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1554.326 + 286.016 + 1650.822) - (1644.212 + 0 + 4507.354)
=-2660.402

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1610.003 + 318.605 + 1595.021) - (1523.746 + 0 + 4429.482)
=-2429.599

When net working capital is negative, 0 is used.

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

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

Hapvida Participacoes Investimento's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1081.234/36189.056
=2.99 %

* 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.


Hapvida Participacoes Investimento EBIT Related Terms

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Hapvida Participacoes Investimento (BSP:HAPV3) Business Description

Traded in Other Exchanges
N/A
Address
No. 406, Avenue Heraclito Graca, Fortaleza, CE, BRA, 60140-061
Hapvida Participacoes Investimento SA is the medical-hospital and dental care company. The Company and its subsidiaries are mainly engaged in: (i) the sale of health insurance plans and delivering the majority of medical assistance at its own hospitals, clinics, imaging diagnostics and laboratories; and (ii) the sale of dental insurance plans for services provided by an accredited network.

Hapvida Participacoes Investimento (BSP:HAPV3) Headlines

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