Shimao Group Holdings (HKSE:00813) EBIT : HK$-17,312 Mil (TTM As of Dec. 2023)

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What is Shimao Group Holdings EBIT?

Shimao Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-10,688 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-17,312 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shimao Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -0.48%. Shimao Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shimao Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.26%.

Shimao Group Holdings EBIT Historical Data

The historical data trend for Shimao Group 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.

Shimao Group Holdings EBIT Chart

Shimao Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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32,254.70

42,563.35

-19,142.51

-12,242.71

-17,312.41

Shimao Group 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															-40,317.41	-2,838.10	-9,538.94	-6,624.85	-10,687.57

Competitive Comparison of Shimao Group Holdings's EBIT

For the Real Estate - Development subindustry, Shimao Group 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.

Shimao Group Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Shimao Group Holdings's EV-to-EBIT falls into.

Shimao Group 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 HK$-17,312 Mil.

Shimao Group Holdings (HKSE:00813) EBIT Explanation

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

Shimao Group 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 )
=	-2204.692 * ( 1 - -3.97% )	/	( (485043.826	+	477113.113)	/ 2 )
=	-2292.2182724	/	481078.4695
=	-0.48 %

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	))
=	632175.994	-	124874.57	-	( 22257.598	-	max(0, 448544.982	-	494141.956	+	22257.598	))
=	485043.826

	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	))
=	594195.812	-	108479.417	-	( 16610.773	-	max(0, 459241.049	-	467844.331	+	16610.773	))
=	477113.113

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:

Shimao Group 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 )
=	-21375.134	/	( ( (26775.517 + max(132935.661, 0))	+	(18743.436 + max(132964.514, 0)) )	/	2 )
=	-21375.134	/	( ( 159711.178	+	151707.95 )	/	2 )
=	-21375.134	/	155709.564
=	-13.73 %

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)
=	(9314.549	+	329400.967	+	43715.194)	-	(124874.57	+	0	+	124620.479)
=	132935.661

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44071.452	+	302449.782	+	27515.007)	-	(108479.417	+	0	+	132592.31)
=	132964.514

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-17312.415	/	276476.860
	=	-6.26 %

Shimao Group Holdings EBIT Related Terms

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Shimao Group Holdings (HKSE:00813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Group Holdings Ltd (HKSE:00813) » Definitions » EBIT

Traded in Other Exchanges

SIOPF:USA QHI:Germany

Address

89 Queensway, 1st Floor, Block 38, Hong Kong Lippo Centre, Hong Kong, HKG

Website

http://www.shimaogroup.hk

Shimao Group Holdings, formerly Shimao Property, is a large real estate developer in China. In addition to property development as the core business, the company plans to raise non-development revenue, which includes property investment, hotels and property management services. Shimao holds residential development projects and hotels, while its 59%-owned Shanghai Shimao holds commercial projects. The two entities collaborate on large mixed-use projects. The free float is about 35%, with the company's founder, Hui Wing Mau, holding the remaining stake.

Executives

Gemfair Investments Limited	2101 Beneficial owner
Overseas Investment Group International Limited	2501 Other
Shiying Finance Limited	2101 Beneficial owner
Hui Wing Mau	2201 Interest of corporation controlled by you

Shimao Group Holdings (HKSE:00813) Headlines

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