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Towngas Smart Energy Co (HKSE:01083) EBIT : HK$2,960 Mil (TTM As of Dec. 2023)


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What is Towngas Smart Energy Co EBIT?

Towngas Smart Energy Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$1,079 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,960 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Towngas Smart Energy Co's annualized ROC % for the quarter that ended in Dec. 2023 was 2.54%. Towngas Smart Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Towngas Smart Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.19%.


Towngas Smart Energy Co EBIT Historical Data

The historical data trend for Towngas Smart Energy 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.

* Premium members only.

Towngas Smart Energy Co EBIT Chart

Towngas Smart Energy Co 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 2,406.04 2,623.52 2,727.35 2,330.64 2,960.00

Towngas Smart Energy Co 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 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 1,275.66 1,815.78 514.85 1,881.21 1,078.79

Competitive Comparison of Towngas Smart Energy Co's EBIT

For the Utilities - Regulated Gas subindustry, Towngas Smart Energy 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.


Towngas Smart Energy Co's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Towngas Smart Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Towngas Smart Energy Co's EV-to-EBIT falls into.



Towngas Smart Energy 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$2,960 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.


Towngas Smart Energy Co  (HKSE:01083) EBIT Explanation

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

Towngas Smart Energy Co'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 )
=1701.874 * ( 1 - 19.62% )/( (52869.566 + 54654.877)/ 2 )
=1367.9663212/53762.2215
=2.54 %

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))
=54634.878 - 5243.301 - ( 4252.292 - max(0, 16565.22 - 13087.231+4252.292))
=52869.566

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))
=53464.703 - 5191.253 - ( 4101.864 - max(0, 14437.704 - 8056.277+4101.864))
=54654.877

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:

Towngas Smart Energy Co'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 )
=2157.586/( ( (26203.117 + max(-6008.003, 0)) + (29567.712 + max(-6051.417, 0)) )/ 2 )
=2157.586/( ( 26203.117 + 29567.712 )/ 2 )
=2157.586/27885.4145
=7.74 %

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)
=(1356.267 + 710.139 + 695.111) - (5243.301 + 0 + 3526.219)
=-6008.003

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1464.668 + 588.608 + 728.792) - (5191.253 + 0 + 3642.232)
=-6051.417

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:

Towngas Smart Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=2960.003/24286.753
=12.19 %

* 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.


Towngas Smart Energy Co EBIT Related Terms

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Towngas Smart Energy Co (HKSE:01083) Business Description

Traded in Other Exchanges
Address
363 Java Road, North Point, 23rd Floor, Hong Kong, HKG
Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of pipe gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has three operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.
Executives
Henderson Development Limited 2201 Interest of corporation controlled by you
Planwise Properties Limited 2101 Beneficial owner
Towngas Investment Company Limited 2201 Interest of corporation controlled by you
Lee Ka Kit 2501 Other
Lee Shau Kee 2201 Interest of corporation controlled by you
Faxson Investment Limited 2201 Interest of corporation controlled by you
Towngas International Company Limited 2201 Interest of corporation controlled by you
Hong Kong & China Gas (china) Limited 2101 Beneficial owner
The Hong Kong And China Gas Company Limited 2201 Interest of corporation controlled by you
Rimmer (cayman) Limited 2301 Trustee
Riddick (cayman) Limited 2301 Trustee
Hopkins (cayman) Limited 2201 Interest of corporation controlled by you
Henderson Land Development Company Limited 2201 Interest of corporation controlled by you
Industrial And Commercial Bank Of China Limited 2201 Interest of corporation controlled by you
Tang Kok Yew 2201 Interest of corporation controlled by you

Towngas Smart Energy Co (HKSE:01083) Headlines

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