GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Taiping Insurance Holdings Co Ltd (HKSE:00966) » Definitions » EBIT

China Taiping Insurance Holdings Co (HKSE:00966) EBIT : HK$15,422 Mil (TTM As of Dec. 2023)


View and export this data going back to 2000. Start your Free Trial

What is China Taiping Insurance Holdings Co EBIT?

China Taiping Insurance Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$5,860 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$15,422 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Taiping Insurance Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 was 0.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Taiping Insurance Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.16%.


China Taiping Insurance Holdings Co EBIT Historical Data

The historical data trend for China Taiping Insurance 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.

China Taiping Insurance Holdings Co EBIT Chart

China Taiping Insurance Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,654.25 15,455.17 13,295.37 9,237.29 15,421.82

China Taiping Insurance Holdings Co 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 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 4,469.22 8,618.38 618.91 9,561.53 5,860.29

Competitive Comparison of China Taiping Insurance Holdings Co's EBIT

For the Insurance - Life subindustry, China Taiping Insurance 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.


China Taiping Insurance Holdings Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Taiping Insurance Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Taiping Insurance Holdings Co's EV-to-EBIT falls into.



China Taiping Insurance 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$15,422 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.


China Taiping Insurance Holdings Co  (HKSE:00966) EBIT Explanation

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

China Taiping Insurance Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=11720.57 * ( 1 - 27.74% )/( (1324672.0413 + 1427795.4557)/ 2 )
=8469.283882/1376233.7485
=0.62 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1422988.843 - 44548.182 - ( 56736.544 - 5% * 59358.486 )
=1324672.0413

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1509497.488 - 41485.474 - ( 42554.402 - 5% * 46756.874 )
=1427795.4557

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

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

China Taiping Insurance Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=15421.819/89856.282
=17.16 %

* 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.


China Taiping Insurance Holdings Co EBIT Related Terms

Thank you for viewing the detailed overview of China Taiping Insurance Holdings Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


China Taiping Insurance Holdings Co (HKSE:00966) Business Description

Traded in Other Exchanges
Address
18 King Wah Road, 25th Floor, North Point, Hong Kong, HKG
China Taiping Insurance Holdings Co Ltd is a holding company, which through its subsidiaries, sells insurance products and offers a variety of investment management services. The company sells life, property and casualty, reinsurance, and pension insurance products. The firm also operates asset management and real estate management services. The majority of China Taiping Insurance's income is derived from life insurance, with the People's Republic of China contributing the largest portion of company revenue. The Group consists of business segments: the life insurance business, property and casualty insurance business, Pension and group life insurance business, reinsurance business and Others. Majority of revenue is generated from the life insurance business.
Executives
Zhong Guo Tai Ping Bao Xian Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you

China Taiping Insurance Holdings Co (HKSE:00966) Headlines

No Headlines