Tsim Sha Tsui Properties (HKSE:00247) EBIT : HK$6,893 Mil (TTM As of Dec. 2023)

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What is Tsim Sha Tsui Properties EBIT?

Tsim Sha Tsui Properties's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$2,990 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$6,893 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tsim Sha Tsui Properties's annualized ROC % for the quarter that ended in Dec. 2023 was 1.82%. Tsim Sha Tsui Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 67.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tsim Sha Tsui Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -219.57%.

Tsim Sha Tsui Properties EBIT Historical Data

The historical data trend for Tsim Sha Tsui Properties'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.

Tsim Sha Tsui Properties EBIT Chart

Tsim Sha Tsui Properties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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7,797.72

2,245.90

13,056.07

7,346.90

6,855.52

Tsim Sha Tsui Properties 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															5,330.29	2,016.61	2,951.76	3,903.76	2,989.54

Competitive Comparison of Tsim Sha Tsui Properties's EBIT

For the Real Estate - Development subindustry, Tsim Sha Tsui Properties'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.

Tsim Sha Tsui Properties's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tsim Sha Tsui Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tsim Sha Tsui Properties's EV-to-EBIT falls into.

Tsim Sha Tsui Properties 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$6,893 Mil.

Tsim Sha Tsui Properties (HKSE:00247) EBIT Explanation

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

Tsim Sha Tsui Properties'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 )
=	2657.022 * ( 1 - 11.14% )	/	( (127236.402	+	131781.661)	/ 2 )
=	2361.0297492	/	129509.0315
=	1.82 %

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	))
=	181049.749	-	8976.094	-	( 44837.253	-	max(0, 10976.516	-	68645.175	+	44837.253	))
=	127236.402

	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	))
=	180900.324	-	5277.752	-	( 43840.911	-	max(0, 8572.406	-	67717.113	+	43840.911	))
=	131781.661

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:

Tsim Sha Tsui Properties'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 )
=	5979.076	/	( ( (1318.425 + max(7021.489, 0))	+	(1315.76 + max(8110.151, 0)) )	/	2 )
=	5979.076	/	( ( 8339.914	+	9425.911 )	/	2 )
=	5979.076	/	8882.9125
=	67.31 %

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)
=	(280.178	+	16483.246	+	61.031000000003)	-	(8976.094	+	0	+	826.872)
=	7021.489

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(262.872	+	15070.052	+	1312.822)	-	(5277.752	+	0	+	3257.843)
=	8110.151

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:

Tsim Sha Tsui Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	6893.295	/	-3139.419
	=	-219.57 %

Tsim Sha Tsui Properties EBIT Related Terms

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Tsim Sha Tsui Properties (HKSE:00247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tsim Sha Tsui Properties Ltd (HKSE:00247) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Salisbury Road, 12th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.sino.com

Tsim Sha Tsui Properties Ltd is in the business of developing properties for sale and investment. The firm's portfolio consists of residential properties, offices, industrial buildings, and Shopping malls. It also provides property services such as property management, car park management, cleaning, environmental services, security services, etc. The company has Property sales, property rental, Property management, and Other services, Hotel operations, Investments in securities, and Financing operating segments. It generates maximum revenue from the Property sales segment.

Executives

Ng Chee Siong	2304 Executor or administrator
Fanlight Investment Limited	2101 Beneficial owner
Ng Chee Tat, Philip	2304 Executor or administrator
Tamworth Investment Limited	2101 Beneficial owner

Tsim Sha Tsui Properties (HKSE:00247) Headlines

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