China Huarong Energy Co (HKSE:01101) EBIT : HK$-332.62 Mil (TTM As of Dec. 2023)

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What is China Huarong Energy Co EBIT?

China Huarong Energy Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-2.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-332.62 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Huarong Energy Co's annualized ROC % for the quarter that ended in Dec. 2023 was -2.38%. China Huarong Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Huarong Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.21%.

China Huarong Energy Co EBIT Historical Data

The historical data trend for China Huarong 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.

China Huarong Energy Co EBIT Chart

China Huarong Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-81.05

1,152.55

36.15

-516.45

-332.62

China Huarong 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															15.87	-305.20	-225.70	-330.50	-2.12

Competitive Comparison of China Huarong Energy Co's EBIT

For the Oil & Gas E&P subindustry, China Huarong 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.

China Huarong Energy Co's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

China Huarong 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$-332.62 Mil.

China Huarong Energy Co (HKSE:01101) EBIT Explanation

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

China Huarong 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 )
=	-211.088 * ( 1 - -0.48% )	/	( (8819.363	+	8976.194)	/ 2 )
=	-212.1012224	/	8897.7785
=	-2.38 %

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	))
=	1600.497	-	1339.37	-	( 5.882	-	max(0, 8610.907	-	52.671	+	5.882	))
=	8819.363

	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	))
=	1536.902	-	1430.083	-	( 2.344	-	max(0, 8897.223	-	27.848	+	2.344	))
=	8976.194

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 Huarong 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 )
=	-4.246	/	( ( (524.901 + max(-6836.914, 0))	+	(503.165 + max(-7018.08, 0)) )	/	2 )
=	-4.246	/	( ( 524.901	+	503.165 )	/	2 )
=	-4.246	/	514.033
=	-0.83 %

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)
=	(14.905	+	4.127	+	0)	-	(1339.37	+	0	+	5516.576)
=	-6836.914

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.321	+	3.254	+	9.345)	-	(1430.083	+	0	+	5608.917)
=	-7018.08

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-332.623	/	7909.262
	=	-4.21 %

China Huarong Energy Co EBIT Related Terms

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China Huarong Energy Co (HKSE:01101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Huarong Energy Co Ltd (HKSE:01101) » Definitions » EBIT

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XYTA:Germany

Address

6-8 Harbour Road, Suites 1508-10, 15th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.huarongenergy.com.hk

China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its only segment is Energy Exploration and Production which is engaged in the sales of crude oil. The company projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. Geographically, it derives revenue from Kyrgyzstan.

Executives

Lau Wing Yi	2501 Other
Silver Anna	2501 Other
Action Phoenix Limited	2101 Beneficial owner
Castle Giant Investments Limited	2101 Beneficial owner
Yu Gelin	2201 Interest of corporation controlled by you
China Development Bank	2501 Other
China Minsheng Banking Corp. Ltd.	2101 Beneficial owner
Skyline Asia International Limited	2201 Interest of corporation controlled by you
Zhao Xuejun	2201 Interest of corporation controlled by you
Fine Profit Enterprises Limited	2201 Interest of corporation controlled by you
Mei Liang	2201 Interest of corporation controlled by you
Top Acton Limited	2101 Beneficial owner
Zhang Zhi Rong	2201 Interest of corporation controlled by you
Kingwin Victory Investment Limited	2101 Beneficial owner
Wang Ping	2201 Interest of corporation controlled by you

China Huarong Energy Co (HKSE:01101) Headlines

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