Greentown Management Holdings Co (HKSE:09979) EBIT : HK$1,294 Mil (TTM As of Dec. 2023)

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What is Greentown Management Holdings Co EBIT?

Greentown Management Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$641 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,294 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greentown Management Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 was 35.22%. Greentown Management Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 391.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greentown Management Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.03%.

Greentown Management Holdings Co EBIT Historical Data

The historical data trend for Greentown Management 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.

Greentown Management Holdings Co EBIT Chart

Greentown Management Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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600.85

623.93

891.35

1,039.76

1,293.74

Greentown Management Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							465.75	551.14	514.71	652.44	641.30

Competitive Comparison of Greentown Management Holdings Co's EBIT

For the Real Estate Services subindustry, Greentown Management 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.

Greentown Management Holdings Co's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Greentown Management Holdings Co's EV-to-EBIT falls into.

Greentown Management 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$1,294 Mil.

Greentown Management Holdings Co (HKSE:09979) EBIT Explanation

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

Greentown Management Holdings Co'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 )
=	1264.44 * ( 1 - 11.14% )	/	( (3296.393	+	3084.379)	/ 2 )
=	1123.581384	/	3190.386
=	35.22 %

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	))
=	7463.217	-	2589.392	-	( 2839.404	-	max(0, 3268.517	-	4845.949	+	2839.404	))
=	3296.393

	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	))
=	7364.032	-	2070.458	-	( 2281.296	-	max(0, 2647.259	-	4856.454	+	2281.296	))
=	3084.379

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:

Greentown Management Holdings Co'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 )
=	1282.608	/	( ( (309.248 + max(-2880.028, 0))	+	(346.46 + max(-2236.379, 0)) )	/	2 )
=	1282.608	/	( ( 309.248	+	346.46 )	/	2 )
=	1282.608	/	327.854
=	391.21 %

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)
=	(193.726	+	0	+	188.071)	-	(2589.392	+	0	+	672.433)
=	-2880.028

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(216.331	+	0	+	189.919)	-	(2070.458	+	0	+	572.171)
=	-2236.379

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:

Greentown Management Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1293.741	/	11726.590
	=	11.03 %

Greentown Management Holdings Co EBIT Related Terms

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Greentown Management Holdings Co (HKSE:09979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Management Holdings Co Ltd (HKSE:09979) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 Wen Yi West Road, Xixi International, 9th Floor, Block C, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.lcgljt.com

Greentown Management Holdings Co Ltd is the project management company in the PRC. The company's operating segments are Commercial Project Management, Government Project Management, and Other Services. The firm generates a majority of its revenue from Commercial project management which is engaged in providing property development management service to project owner; Governmental project management provides property development management service to the government on resettlement housing property development projects and public infrastructure.

Executives

Greentown China Holdings Limited

2101 Beneficial owner

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