Fangdd Network Group (Fangdd Network Group) EBIT : $-8.13 Mil (TTM As of Dec. 2023)

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What is Fangdd Network Group EBIT?

Fangdd Network Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-8.13 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fangdd Network Group's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Fangdd Network Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fangdd Network Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 47.45%.

Fangdd Network Group EBIT Historical Data

The historical data trend for Fangdd Network Group'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.

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Fangdd Network Group EBIT Chart

Fangdd Network Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-70.99

-29.62

-186.17

-32.56

-13.22

Fangdd Network Group Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-98.24	-	-8.13	-	-

Competitive Comparison of Fangdd Network Group's EBIT

For the Real Estate Services subindustry, Fangdd Network Group'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.

Fangdd Network Group's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Fangdd Network Group 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 quarterly data reported by the company within the most recent 12 months, which was $-8.13 Mil.

Fangdd Network Group (NAS:DUO) EBIT Explanation

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

Fangdd Network Group'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 )
=	0 * ( 1 - 0% )	/	( (26.491	+	26.398)	/ 2 )
=	0	/	26.4445
=	0.00 %

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	))
=	135.804	-	91.616	-	( 18.256	-	max(0, 96.081	-	113.778	+	18.256	))
=	26.491

	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	))
=	107.826	-	72.555	-	( 19.193	-	max(0, 76.99	-	85.863	+	19.193	))
=	26.398

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Fangdd Network Group'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 )
=	0	/	( ( (0.71 + max(-34.844, 0))	+	(0.28 + max(-24.805, 0)) )	/	2 )
=	0	/	( ( 0.71	+	0.28 )	/	2 )
=	0	/	0.495
=	0.00 %

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)
=	(53.137	+	1.766	+	6.269)	-	(91.616	+	4.401	+	-0.00099999999999056)
=	-34.844

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44.066	+	1.751	+	6.352)	-	(72.555	+	4.419	+	-1.4210854715202E-14)
=	-24.805

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-8.129	/	-17.133
	=	47.45 %

Fangdd Network Group EBIT Related Terms

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Fangdd Network Group (Fangdd Network Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fangdd Network Group Ltd (NAS:DUO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Keyuan Road, Technology Park, Room 602, Unit B4, Kexing Science Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.fangdd.com

Fangdd Network Group Ltd is an investment holding company. Through its subsidiaries, It is engaged in the provision of real estate information services through its online platform which also offers integrated marketing services for individual customers, real estate developers, and agents in China. Its SaaS-based solutions help real estate agents to connect with essential business resources, including customers, property listings, capital, and transaction data. The company generates the majority of its revenue from Base commission from transactions in China.