The Wharf (Holdings) (FRA:WHA) EBIT : €358 Mil (TTM As of Dec. 2023)

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What is The Wharf (Holdings) EBIT?

The Wharf (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €147 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €358 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Wharf (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2023 was 1.66%. The Wharf (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Wharf (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.04%.

The Wharf (Holdings) EBIT Historical Data

The historical data trend for The Wharf (Holdings)'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.

The Wharf (Holdings) EBIT Chart

The Wharf (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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869.04

1,088.38

1,084.04

70.33

357.42

The Wharf (Holdings) 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															768.57	156.34	-86.94	211.28	146.89

Competitive Comparison of The Wharf (Holdings)'s EBIT

For the Real Estate - Development subindustry, The Wharf (Holdings)'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.

The Wharf (Holdings)'s EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The Wharf (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The Wharf (Holdings)'s EV-to-EBIT falls into.

The Wharf (Holdings) 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 €358 Mil.

The Wharf (Holdings) (FRA:WHA) EBIT Explanation

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

The Wharf (Holdings)'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 )
=	767.434 * ( 1 - 52.81% )	/	( (22180.515	+	21436.274)	/ 2 )
=	362.1521046	/	21808.3945
=	1.66 %

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	))
=	25394.46	-	2170.164	-	( 1043.781	-	max(0, 3696.006	-	6132.477	+	1043.781	))
=	22180.515

	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	))
=	24055.956	-	2202.618	-	( 417.064	-	max(0, 3142.42	-	5928.833	+	417.064	))
=	21436.274

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:

The Wharf (Holdings)'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 )
=	293.776	/	( ( (1429.69 + max(1705.777, 0))	+	(1479.097 + max(2732.871, 0)) )	/	2 )
=	293.776	/	( ( 3135.467	+	4211.968 )	/	2 )
=	293.776	/	3673.7175
=	8.00 %

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)
=	(28.398	+	4840.064	+	15.319)	-	(2170.164	+	0	+	1007.84)
=	1705.777

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.127	+	4367.427	+	954.362)	-	(2202.618	+	0	+	411.427)
=	2732.871

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:

The Wharf (Holdings)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	358.166	/	11777.071
	=	3.04 %

The Wharf (Holdings) EBIT Related Terms

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The Wharf (Holdings) (FRA:WHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » The Wharf (Holdings) Ltd (FRA:WHA) » Definitions » EBIT

Traded in Other Exchanges

WARFY:USA WARFF:USA 00004:Hong Kong

Address

Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

https://www.wharfholdings.com

The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group's trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China.

The Wharf (Holdings) (FRA:WHA) Headlines

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