Hyundai Steel Co (XKRX:004020) EBIT : ₩946,070 Mil (TTM As of Dec. 2023)

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What is Hyundai Steel Co EBIT?

Hyundai Steel Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₩-219,162 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₩946,070 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hyundai Steel Co's annualized ROC % for the quarter that ended in Dec. 2023 was -1.89%. Hyundai Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hyundai Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.74%.

Hyundai Steel Co EBIT Historical Data

The historical data trend for Hyundai Steel 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.

Hyundai Steel Co EBIT Chart

Hyundai Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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375,537.69

-174,119.45

2,453,140.56

1,704,989.40

946,025.09

Hyundai Steel Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-279,535.83	401,354.43	488,985.91	274,892.10	-219,162.36

Competitive Comparison of Hyundai Steel Co's EBIT

For the Steel subindustry, Hyundai Steel 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.

Hyundai Steel Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hyundai Steel Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hyundai Steel Co's EV-to-EBIT falls into.

Hyundai Steel 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 quarterly data reported by the company within the most recent 12 months, which was ₩946,070 Mil.

Hyundai Steel Co (XKRX:004020) EBIT Explanation

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

Hyundai Steel 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-916249.924 * ( 1 - 37.57% )	/	( (30659725.453	+	29894858.875)	/ 2 )
=	-572014.8275532	/	30277292.164
=	-1.89 %

where

	Invested Capital		(Q: Sep. 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	))
=	35274467.675	-	2338088.445	-	( 2276653.777	-	max(0, 7170173.005	-	12177195.448	+	2276653.777	))
=	30659725.453

	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	))
=	35218841.93	-	2887947.277	-	( 2436035.778	-	max(0, 7984156.917	-	11953568.811	+	2436035.778	))
=	29894858.875

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Hyundai Steel 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-876649.436	/	( ( (18682648.287 + max(6687818.182, 0))	+	(19012142.822 + max(5344643.273, 0)) )	/	2 )
=	-876649.436	/	( ( 25370466.469	+	24356786.095 )	/	2 )
=	-876649.436	/	24863626.282
=	-3.53 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3243068.072	+	6365560.674	+	191146.628)	-	(2338088.445	+	0	+	773868.747)
=	6687818.182

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2929037.704	+	6279341.225	+	194113.999)	-	(2887947.277	+	0	+	1169902.378)
=	5344643.273

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	946070.087	/	12218545.277
	=	7.74 %

Hyundai Steel Co EBIT Related Terms

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Hyundai Steel Co (XKRX:004020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hyundai Steel Co (XKRX:004020) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

1 Sohnghyun-Dong Dong-Gu, Incheon, KOR, 401-712

Website

http://www.hyundai-steel.com

Hyundai Steel Company is a Korea-based company engaged in the manufacture of steel products. The company's products include hot-rolled steel plates, cold-rolled steel plates, medium steel plates, steel tubes, steel bars, H bars, special steel rods and other steel products. The company's products are used in shipbuilding, automotive production, construction, bridges, engineering, home appliances, oil pipes, container manufacturing, machineries and other industries. The company is also engaged in the manufacture of track chain, which is a major part of heavy-duty machineries. The company generates most of its revenue from Korean domestic market and exports its products to overseas market in the meanwhile.

Hyundai Steel Co (XKRX:004020) Headlines

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