Haitian International Holdings (HKSE:01882) EBIT : HK$3,402 Mil (TTM As of Dec. 2023)

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What is Haitian International Holdings EBIT?

Haitian International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$1,724 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,402 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Haitian International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 15.16%. Haitian International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 49.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Haitian International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.46%.

Haitian International Holdings EBIT Historical Data

The historical data trend for Haitian International Holdings'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.

Haitian International Holdings EBIT Chart

Haitian International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,484.88

3,562.32

4,671.93

3,168.51

3,402.45

Haitian International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															2,247.02	1,716.42	1,533.33	1,678.95	1,723.51

Competitive Comparison of Haitian International Holdings's EBIT

For the Specialty Industrial Machinery subindustry, Haitian International Holdings'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.

Haitian International Holdings's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haitian International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Haitian International Holdings's EV-to-EBIT falls into.

Haitian International Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was HK$3,402 Mil.

Haitian International Holdings (HKSE:01882) EBIT Explanation

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

Haitian International Holdings'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2679.672 * ( 1 - 17.49% )	/	( (14479.446	+	14693.701)	/ 2 )
=	2210.9973672	/	14586.5735
=	15.16 %

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	))
=	30400.515	-	4981.924	-	( 11284.392	-	max(0, 7919.699	-	18858.844	+	11284.392	))
=	14479.446

	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	))
=	31822.248	-	5154.314	-	( 11974.233	-	max(0, 8205.644	-	20195.043	+	11974.233	))
=	14693.701

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Haitian International Holdings'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3447.022	/	( ( (7325.52 + max(-197.137, 0))	+	(6714.001 + max(28.344000000002, 0)) )	/	2 )
=	3447.022	/	( ( 7325.52	+	6742.345 )	/	2 )
=	3447.022	/	7033.9325
=	49.01 %

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)
=	(3532.515	+	3816.311	+	225.626)	-	(4981.924	+	0	+	2789.665)
=	-197.137

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3754.408	+	3870.897	+	339.528)	-	(5154.314	+	0	+	2782.175)
=	28.344000000002

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Haitian International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3402.456	/	29682.956
	=	11.46 %

Haitian International Holdings EBIT Related Terms

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Haitian International Holdings (HKSE:01882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haitian International Holdings Ltd (HKSE:01882) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HI6:Germany

Address

No.1688 Haitian Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315800

Website

https://www.haitianinter.com

Haitian International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of plastic injection moulding machines and related products. The main products are hydraulic and electric plastic injection moulding machines. The group operates in Mainland China, Hong Kong, and overseas countries. The company generates a majority of its revenue from Mainland China through sales of plastic injection moulding machines and related products.

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