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First Service Holding (HKSE:02107) EBIT : HK$97 Mil (TTM As of Dec. 2023)


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What is First Service Holding EBIT?

First Service Holding's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Service Holding's annualized ROC % for the quarter that ended in Dec. 2023 was 6.97%. First Service Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 395.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Service Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -105.57%.


First Service Holding EBIT Historical Data

The historical data trend for First Service Holding'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.

First Service Holding EBIT Chart

First Service Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 119.11 144.51 48.67 71.34 97.09

First Service Holding Semi-Annual Data
Dec17 Dec18 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 -65.51 40.16 33.09 60.65 36.44

Competitive Comparison of First Service Holding's EBIT

For the Real Estate Services subindustry, First Service Holding'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.


First Service Holding's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Service Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Service Holding's EV-to-EBIT falls into.



First Service Holding 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$97 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.


First Service Holding  (HKSE:02107) EBIT Explanation

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

First Service Holding'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 )
=65.526 * ( 1 - 22.8% )/( (696.139 + 755.664)/ 2 )
=50.586072/725.9015
=6.97 %

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))
=1544.506 - 412.888 - ( 550.896 - max(0, 778.654 - 1214.133+550.896))
=696.139

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))
=1609.973 - 398.022 - ( 618.965 - max(0, 819.482 - 1275.769+618.965))
=755.664

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:

First Service Holding'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 )
=72.872/( ( (16.327 + max(-203.607, 0)) + (20.546 + max(-256.238, 0)) )/ 2 )
=72.872/( ( 16.327 + 20.546 )/ 2 )
=72.872/18.4365
=395.26 %

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)
=(505.831 + 0.889 + 68.327) - (412.888 + 0 + 365.766)
=-203.607

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(479.871 + 1.762 + 81.611) - (398.022 + 0 + 421.46)
=-256.238

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:

First Service Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=97.089/-91.970
=-105.57 %

* 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.


First Service Holding EBIT Related Terms

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First Service Holding (HKSE:02107) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into three business lines Property management services comprising cleaning, security, gardening and repair and maintenance; Green living solutions comprising energy operation services, green technology consulting services, systems installation services and sales of its AIRDINO systems; and Value-added services comprising parking space management services, communal area leasing services, sales assistance services, home living services, and preliminary planning and design consultancy.

First Service Holding (HKSE:02107) Headlines

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