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Hengxin Technology (HKSE:01085) EBIT : HK$171 Mil (TTM As of Dec. 2023)


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What is Hengxin Technology EBIT?

Hengxin Technology's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$111 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$171 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hengxin Technology's annualized ROC % for the quarter that ended in Dec. 2023 was 10.60%. Hengxin Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hengxin Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 42.23%.


Hengxin Technology EBIT Historical Data

The historical data trend for Hengxin Technology'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.

Hengxin Technology EBIT Chart

Hengxin Technology 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 161.41 101.44 98.94 99.20 171.20

Hengxin Technology 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 76.47 42.19 59.01 60.70 110.51

Competitive Comparison of Hengxin Technology's EBIT

For the Communication Equipment subindustry, Hengxin Technology'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.


Hengxin Technology's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengxin Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hengxin Technology's EV-to-EBIT falls into.



Hengxin Technology 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$171 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.


Hengxin Technology  (HKSE:01085) EBIT Explanation

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

Hengxin Technology'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 )
=255.986 * ( 1 - 16.25% )/( (1080.756 + 2964.48)/ 2 )
=214.388275/2022.618
=10.60 %

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))
=3002.804 - 632.474 - ( 1289.574 - max(0, 873.643 - 2496.761+1289.574))
=1080.756

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))
=4646.122 - 356.05 - ( 1325.592 - max(0, 709.678 - 2753.768+1325.592))
=2964.48

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:

Hengxin Technology'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 )
=221.014/( ( (228.426 + max(389.846, 0)) + (1263.059 + max(867.62, 0)) )/ 2 )
=221.014/( ( 618.272 + 2130.679 )/ 2 )
=221.014/1374.4755
=16.08 %

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)
=(816.141 + 210.148 + 0.49900000000025) - (632.474 + 0 + 4.468)
=389.846

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(878.811 + 210.042 + 288.633) - (356.05 + 0 + 153.816)
=867.62

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:

Hengxin Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=171.204/405.378
=42.23 %

* 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.


Hengxin Technology EBIT Related Terms

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Hengxin Technology (HKSE:01085) Business Description

Traded in Other Exchanges
N/A
Address
5 Tampines Central 1, No. 06-05 Tampines Plaza 2, Singapore, SGP, 529541
Hengxin Technology Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing of radio frequency (RF) coaxial cable series for mobile communications. It operates in the segments of Radiofrequency coaxial cables, Telecommunication and accessories, and Antennas. Its product portfolio includes RF coaxial cable series for mobile communications, coaxial cables for telecommunications equipment and accessories, and other products which include high-temperature-resistant cables and antennas. It derives a majority of its revenue from the sale of Radiofrequency coaxial cables.
Executives
Kingever Enterprises Limited 2101 Beneficial owner
Cui Wei 2201 Interest of corporation controlled by you

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