Xi'an Haitian Antenna Technologies Co (HKSE:08227) EBIT : HK$-46.34 Mil (TTM As of Dec. 2023)

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What is Xi'an Haitian Antenna Technologies Co EBIT?

Xi'an Haitian Antenna Technologies Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$-28.27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-46.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xi'an Haitian Antenna Technologies Co's annualized ROC % for the quarter that ended in Dec. 2023 was -73.88%. Xi'an Haitian Antenna Technologies Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,286.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xi'an Haitian Antenna Technologies Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -8.08%.

Xi'an Haitian Antenna Technologies Co EBIT Historical Data

The historical data trend for Xi'an Haitian Antenna Technologies 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.

Xi'an Haitian Antenna Technologies Co EBIT Chart

Xi'an Haitian Antenna Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-23.25

-40.70

-27.00

-32.93

-46.20

Xi'an Haitian Antenna Technologies 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															-12.90	-5.86	-7.30	-4.90	-28.27

Competitive Comparison of Xi'an Haitian Antenna Technologies Co's EBIT

For the Communication Equipment subindustry, Xi'an Haitian Antenna Technologies 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.

Xi'an Haitian Antenna Technologies Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xi'an Haitian Antenna Technologies Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Xi'an Haitian Antenna Technologies Co's EV-to-EBIT falls into.

Xi'an Haitian Antenna Technologies 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 HK$-46.34 Mil.

Xi'an Haitian Antenna Technologies Co (HKSE:08227) EBIT Explanation

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

Xi'an Haitian Antenna Technologies 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 )
=	-44.744 * ( 1 - -0.02% )	/	( (63.021	+	58.129)	/ 2 )
=	-44.7529488	/	60.575
=	-73.88 %

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	))
=	88.182	-	86.251	-	( 1.909	-	max(0, 92.616	-	31.526	+	1.909	))
=	63.021

	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	))
=	64.057	-	66.815	-	( 2.178	-	max(0, 86.627	-	25.74	+	2.178	))
=	58.129

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

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

Xi'an Haitian Antenna Technologies 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 )
=	-113.084	/	( ( (6.636 + max(-59.195, 0))	+	(10.938 + max(-58.979, 0)) )	/	2 )
=	-113.084	/	( ( 6.636	+	10.938 )	/	2 )
=	-113.084	/	8.787
=	-1,286.95 %

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)
=	(6.683	+	18.576	+	2.509)	-	(86.251	+	0	+	0.71199999999999)
=	-59.195

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.526	+	12.83	+	0.58)	-	(66.815	+	0	+	14.1)
=	-58.979

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:

Xi'an Haitian Antenna Technologies Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-46.336	/	573.248
	=	-8.08 %

Xi'an Haitian Antenna Technologies Co EBIT Related Terms

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Xi'an Haitian Antenna Technologies Co (HKSE:08227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xi'an Haitian Antenna Technologies Co Ltd (HKSE:08227) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.25 Shuoshi Road, Hi-tech Industrial Development Zone, Shaanxi Province, Xi’an, CHN

Website

http://www.xaht.com

Xi'an Haitian Antenna Technologies Co Ltd is mainly engaged in the manufacturing of communication equipment and also the sale of poultry products. The company operates in four segments based on its sales: Antenna products & provision of related services, Underwater monitoring products & related products, Aircraft products, and Agricultural products. Its product portfolio includes underwater imaging, underwater machinery, drones, avionics imaging, monitoring, automotive electronics, mechanical equipment, and others. The majority is from the Antenna products & provision of related services.

Executives

Hongkong Jinsheng Enterprise Co.,limited	2101 Beneficial owner
Wang Bing	2201 Interest of corporation controlled by you
Chen Wei	2101 Beneficial owner
Huang Lihou	2101 Beneficial owner
Oceanic Bliss Holdings Limited	2101 Beneficial owner

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