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Lai Sun Development Co (HKSE:00488) EBIT : HK$-2,779 Mil (TTM As of Jan. 2024)


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What is Lai Sun Development Co EBIT?

Lai Sun Development Co's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2024 was HK$-1,292 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was HK$-2,779 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lai Sun Development Co's annualized ROC % for the quarter that ended in Jan. 2024 was -0.23%. Lai Sun Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -14.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lai Sun Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -10.91%.


Lai Sun Development Co EBIT Historical Data

The historical data trend for Lai Sun Development 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.

Lai Sun Development Co EBIT Chart

Lai Sun Development Co Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,297.91 -3,461.89 -1,703.76 -1,266.46 -2,449.89

Lai Sun Development Co Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 -72.16 -1,194.30 -963.06 -1,486.83 -1,292.12

Competitive Comparison of Lai Sun Development Co's EBIT

For the Real Estate - Diversified subindustry, Lai Sun Development 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.


Lai Sun Development Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lai Sun Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lai Sun Development Co's EV-to-EBIT falls into.



Lai Sun Development 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-2,779 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.


Lai Sun Development Co  (HKSE:00488) EBIT Explanation

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

Lai Sun Development Co's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=-145.952 * ( 1 - -5.7% )/( (67754.927 + 65059.941)/ 2 )
=-154.271264/66407.434
=-0.23 %

where

Invested Capital(Q: Jul. 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))
=73970.016 - 2440.874 - ( 3774.215 - max(0, 11120.774 - 16410.094+3774.215))
=67754.927

Invested Capital(Q: Jan. 2024 )
=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))
=71492.943 - 3335.84 - ( 3097.162 - max(0, 6748.763 - 15494.156+3097.162))
=65059.941

Note: The Operating Income data used here is two times the semi-annual (Jan. 2024) data.

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

Lai Sun Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2584.232/( ( (10488.929 + max(7010.067, 0)) + (10298.24 + max(7506.465, 0)) )/ 2 )
=-2584.232/( ( 17498.996 + 17804.705 )/ 2 )
=-2584.232/17651.8505
=-14.64 %

where Working Capital is:

Working Capital(Q: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(345.574 + 9795.631 + 1709.364) - (2440.874 + 0 + 2399.628)
=7010.067

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(334.969 + 9386.463 + 1888.313) - (3335.84 + 0 + 767.44)
=7506.465

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

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

Lai Sun Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=-2778.946/25472.965
=-10.91 %

* 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.


Lai Sun Development Co EBIT Related Terms

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Lai Sun Development Co (HKSE:00488) Business Description

Traded in Other Exchanges
Address
680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG
Lai Sun Development Co Ltd is an investment holding company. The company's operating segment includes property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation and others. The property development and sales segment is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Hong Kong, Mainland China and Macau.
Executives
Lai Sun Garment (international) Limited 2201 Interest of corporation controlled by you
Lam Kin Ngok Peter 2201 Interest of corporation controlled by you
Yu Cheuk Yi 2103 Interests held jointly with another person
Yu Siu Yuk 2103 Interests held jointly with another person
Argyle Street Management Holdings Limited 2201 Interest of corporation controlled by you
Argyle Street Management Limited 2102 Investment manager
Asm Connaught House (master) Fund Iii Lp 2201 Interest of corporation controlled by you
Asm Connaught House General Partner Iii Limited 2102 Investment manager
Chan Kin 2201 Interest of corporation controlled by you
Haitong International Holdings Limited 2201 Interest of corporation controlled by you
Haitong International Securities Company Limited 2105 Underwriter
Haitong International Securities Group Limited 2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd. 2201 Interest of corporation controlled by you
Jinlong Road Limited 2101 Beneficial owner
Tanah Abang Limited 2201 Interest of corporation controlled by you

Lai Sun Development Co (HKSE:00488) Headlines

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