China Evergrande New Energy Vehicle Group (HKSE:00708) EBIT : HK$-9,878 Mil (TTM As of Dec. 2023)

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What is China Evergrande New Energy Vehicle Group EBIT?

China Evergrande New Energy Vehicle Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-4,574 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-9,878 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Evergrande New Energy Vehicle Group's annualized ROC % for the quarter that ended in Dec. 2023 was -14.50%. China Evergrande New Energy Vehicle Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -55.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Evergrande New Energy Vehicle Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -29.38%.

China Evergrande New Energy Vehicle Group EBIT Historical Data

The historical data trend for China Evergrande New Energy Vehicle Group'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.

China Evergrande New Energy Vehicle Group EBIT Chart

China Evergrande New Energy Vehicle Group Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2,395.47

-5,398.20

-32,088.05

-16,251.62

-9,877.53

China Evergrande New Energy Vehicle Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-26,724.31	-3,444.70	-12,969.97	-5,303.80	-4,573.74

Competitive Comparison of China Evergrande New Energy Vehicle Group's EBIT

For the Medical Care Facilities subindustry, China Evergrande New Energy Vehicle Group'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.

China Evergrande New Energy Vehicle Group's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Evergrande New Energy Vehicle Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Evergrande New Energy Vehicle Group's EV-to-EBIT falls into.

China Evergrande New Energy Vehicle Group 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$-9,878 Mil.

China Evergrande New Energy Vehicle Group (HKSE:00708) EBIT Explanation

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

China Evergrande New Energy Vehicle Group'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 )
=	-5458.256 * ( 1 - 0.31% )	/	( (40575.817	+	34489.309)	/ 2 )
=	-5441.3354064	/	37532.563
=	-14.50 %

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	))
=	46870.965	-	46333.528	-	( 211.079	-	max(0, 65612.522	-	25574.142	+	211.079	))
=	40575.817

	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	))
=	38119.034	-	45277.71	-	( 141.721	-	max(0, 62804.026	-	21156.041	+	141.721	))
=	34489.309

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:

China Evergrande New Energy Vehicle Group'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 )
=	-9147.486	/	( ( (19104.994 + max(-24324.156, 0))	+	(13730.204 + max(-45940.493, 0)) )	/	2 )
=	-9147.486	/	( ( 19104.994	+	13730.204 )	/	2 )
=	-9147.486	/	16417.599
=	-55.72 %

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)
=	(21579.555	+	3686.853	+	96.654999999999)	-	(46333.528	+	0	+	3353.691)
=	-24324.156

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(43.748	+	430.523	+	756.536)	-	(45277.71	+	0	+	1893.59)
=	-45940.493

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:

China Evergrande New Energy Vehicle Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-9877.538	/	33622.418
	=	-29.38 %

China Evergrande New Energy Vehicle Group EBIT Related Terms

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China Evergrande New Energy Vehicle Group (HKSE:00708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Evergrande New Energy Vehicle Group Ltd (HKSE:00708) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EVGRF:USA 4NM1:Germany

Address

No. 78 Huangpu Avenue West, 28th Floor, Evergrande International Center, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.health.evergrande.com

China Evergrande New Energy Vehicle Group Ltd is engaged in the technology research and development, production, and sales of new energy vehicles. It is also involved in community health management, international hospitals, and the elderly care and rehabilitation business. The company's operating segments include Health Management and New Energy Vehicle. It generates most of its revenues from Health Management segment.

Executives

China Evergrande Group	2201 Interest of corporation controlled by you
Hui Ka Yan	2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited	2201 Interest of corporation controlled by you
Muse Limited	2201 Interest of corporation controlled by you
Nwtn Inc.	2101 Beneficial owner
Wu Nan	2201 Interest of corporation controlled by you
Ding Yu Mei	2201 Interest of corporation controlled by you

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