Country Garden Holdings Co (Country Garden Holdings Co) EBIT : $-6,444 Mil (TTM As of Jun. 2023)

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What is Country Garden Holdings Co EBIT?

Country Garden Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $-6,444 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-6,444 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Country Garden Holdings Co's annualized ROC % for the quarter that ended in Jun. 2023 was -7.04%. Country Garden Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -303.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Country Garden Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -28.97%.

Country Garden Holdings Co EBIT Historical Data

The historical data trend for Country Garden Holdings 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.

Country Garden Holdings Co EBIT Chart

Country Garden Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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11,558.17

14,106.53

13,079.23

10,825.21

768.97

Country Garden Holdings Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															5,796.89	4,977.63	800.28	0.43	-6,443.99

Competitive Comparison of Country Garden Holdings Co's EBIT

For the Real Estate - Development subindustry, Country Garden Holdings 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.

Country Garden Holdings Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Country Garden Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Country Garden Holdings Co's EV-to-EBIT falls into.

Country Garden Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-6,444 Mil.

Country Garden Holdings Co (OTCPK:CTRYF) EBIT Explanation

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

Country Garden Holdings Co's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-9675.204 * ( 1 - -11.51% )	/	( (162901.158	+	143533.806)	/ 2 )
=	-10788.8199804	/	153217.482
=	-7.04 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	250221.18	-	67282.585	-	( 20037.437	-	max(0, 176600.973	-	220474.49	+	20037.437	))
=	162901.158

	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	))
=	226007.345	-	66727.037	-	( 15746.502	-	max(0, 166206.887	-	200050.968	+	15746.502	))
=	143533.806

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Country Garden Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-12887.982	/	( ( (4353.888 + max(-7334.367, 0))	+	(4136.621 + max(-7170.106, 0)) )	/	2 )
=	-12887.982	/	( ( 4353.888	+	4136.621 )	/	2 )
=	-12887.982	/	4245.2545
=	-303.59 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5002.94	+	135187.544	+	15622.015)	-	(67282.585	+	0	+	95864.281)
=	-7334.367

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4260.061	+	123253.554	+	16332.98)	-	(66727.037	+	0	+	84289.664)
=	-7170.106

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Country Garden Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-6443.561	/	22243.738
	=	-28.97 %

Country Garden Holdings Co EBIT Related Terms

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Country Garden Holdings Co (Country Garden Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Holdings Co Ltd (OTCPK:CTRYF) » Definitions » EBIT

Traded in Other Exchanges

CTRYY:USA 02007:Hong Kong DZJ:Germany

Address

No. 1 Country Garden Road, Country Garden Centre, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

https://www.countrygarden.com.cn

Listed in 2007, Country Garden Holdings has been one of the largest China real estate developers in contracted sales with a focus on Tier 3 and lower-tier cities. Property development has represented most of CGH's revenue and earnings, and the firm has tapped into new businesses such as robotics construction and venture capital investment. Following the retirement of founder Yang Guoqiang, Yang Huiyan (daughter of Yang Guoqiang) holds an over 50% stake of the company, while Ping An Life Insurance retains 7.7% equity ownership after the private placement in 2015.