Haier Smart Home Co (SHSE:600690) EBIT : ¥22,937 Mil (TTM As of Mar. 2024)

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What is Haier Smart Home Co EBIT?

Haier Smart Home Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥6,353 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥22,937 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Haier Smart Home Co's annualized ROC % for the quarter that ended in Mar. 2024 was 13.57%. Haier Smart Home Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 64.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Haier Smart Home Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.35%.

Haier Smart Home Co EBIT Historical Data

The historical data trend for Haier Smart Home 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.

Haier Smart Home Co EBIT Chart

Haier Smart Home Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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16,377.72

14,889.37

16,649.96

18,775.28

21,822.25

Haier Smart Home Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															5,237.76	6,751.53	5,544.19	4,288.79	6,352.92

Competitive Comparison of Haier Smart Home Co's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Haier Smart Home 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.

Haier Smart Home Co's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Haier Smart Home Co's EV-to-EBIT distribution charts can be found below:

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

Haier Smart Home 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥22,937 Mil.

Haier Smart Home Co (SHSE:600690) EBIT Explanation

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

Haier Smart Home Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	22862.356 * ( 1 - 15.61% )	/	( (144362.059	+	140030.223)	/ 2 )
=	19293.5422284	/	142196.141
=	13.57 %

where

	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	))
=	253379.86	-	96377.818	-	( 55440.416	-	max(0, 119980.501	-	132620.484	+	55440.416	))
=	144362.059

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	257857.863	-	100527.405	-	( 54459.886	-	max(0, 119597.63	-	136897.865	+	54459.886	))
=	140030.223

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Haier Smart Home Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	25411.68	/	( ( (39374.488 + max(-40281.465, 0))	+	(39392.386 + max(-36721.566, 0)) )	/	2 )
=	25411.68	/	( ( 39374.488	+	39392.386 )	/	2 )
=	25411.68	/	39383.437
=	64.52 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20268.099	+	39524.007	+	5856.028)	-	(96377.818	+	0	+	9551.781)
=	-40281.465

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21669.31	+	41280.855	+	6098.651)	-	(100527.405	+	0	+	5242.977)
=	-36721.566

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	22937.418	/	274859.476
	=	8.35 %

Haier Smart Home Co EBIT Related Terms

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Haier Smart Home Co (SHSE:600690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Haier Smart Home Co Ltd (SHSE:600690) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HSHCY:USA HRSHF:USA 06690:Hong Kong 690D:Germany

Address

Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101

Website

https://smart-home.haier.com/cn

Haier Smart Home Co Ltd manufactures and distributes household electrical appliances. It offers products such as refrigerators, air conditioners, washing machine, microwave ovens, smoke exhausters, gas stoves, dishwashers, electrical water heaters and others under the brand name Haier, Casarte, Leader, AQUA and Fisher & Paykel. The company has three business segments namely China smart home business: Overseas home appliance and smart home business segment Other business segments. The products of the group are traded in mainland China and in other overseas markets including Hong Kong, Macau, and Taiwan.

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