Denox Environmental & Technology Holdings (HKSE:01452) EBIT : HK$-27.3 Mil (TTM As of Dec. 2023)

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What is Denox Environmental & Technology Holdings EBIT?

Denox Environmental & Technology Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-16.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-27.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Denox Environmental & Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -11.41%. Denox Environmental & Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -22.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Denox Environmental & Technology Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -259.96%.

Denox Environmental & Technology Holdings EBIT Historical Data

The historical data trend for Denox Environmental & Technology 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.

Denox Environmental & Technology Holdings EBIT Chart

Denox Environmental & Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-42.66

-25.20

-23.48

-25.99

-27.28

Denox Environmental & Technology Holdings Semi-Annual Data
	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														-20.62	-9.72	-16.74	-10.43	-16.85

Competitive Comparison of Denox Environmental & Technology Holdings's EBIT

For the Pollution & Treatment Controls subindustry, Denox Environmental & Technology 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.

Denox Environmental & Technology Holdings's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Denox Environmental & Technology Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Denox Environmental & Technology Holdings's EV-to-EBIT falls into.

Denox Environmental & Technology 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$-27.3 Mil.

Denox Environmental & Technology Holdings (HKSE:01452) EBIT Explanation

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

Denox Environmental & Technology 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 )
=	-36.012 * ( 1 - 0% )	/	( (308.661	+	322.598)	/ 2 )
=	-36.012	/	315.6295
=	-11.41 %

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	))
=	369.856	-	36.014	-	( 25.181	-	max(0, 167.232	-	315.13	+	25.181	))
=	308.661

	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	))
=	405.929	-	34.92	-	( 48.411	-	max(0, 222.084	-	355.594	+	48.411	))
=	322.598

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:

Denox Environmental & Technology 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 )
=	-33.698	/	( ( (54.086 + max(107.624, 0))	+	(50.068 + max(87.856, 0)) )	/	2 )
=	-33.698	/	( ( 161.71	+	137.924 )	/	2 )
=	-33.698	/	149.817
=	-22.49 %

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)
=	(20.893	+	199.648	+	53.872)	-	(36.014	+	0	+	130.775)
=	107.624

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.568	+	240.849	+	38.918)	-	(34.92	+	0	+	182.559)
=	87.856

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:

Denox Environmental & Technology Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-27.28	/	10.494
	=	-259.96 %

Denox Environmental & Technology Holdings EBIT Related Terms

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Denox Environmental & Technology Holdings (HKSE:01452) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Denox Environmental & Technology Holdings Ltd (HKSE:01452) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

No. 128 Western South Fourth Ring Road, Room 1506-1, Block 2, 12th Floor, Fengtai District, Beijing, CHN, 100070

Website

https://www.china-denox.com

Denox Environmental & Technology Holdings Ltd is a China-based firm. The company is mainly engaged in the development and production of products related to air pollution control. Its main product is plate-type DeNOx catalysts, honey-comb DeNOx catalysts and DeNOx catalysts for diesel-powered vehicles. The company derives majority of the revenue from PRC.

Denox Environmental & Technology Holdings (HKSE:01452) Headlines

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