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Sunland Group (ASX:SDG) EBIT : A$36.7 Mil (TTM As of Jun. 2023)


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What is Sunland Group EBIT?

Sunland Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$0.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$36.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sunland Group's annualized ROC % for the quarter that ended in Jun. 2023 was 24.09%. Sunland Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 1.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sunland Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -18.06%.

Sunland Group EBIT Historical Data

The historical data trend for Sunland 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.

* Premium members only.

Sunland Group EBIT Chart

Sunland Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.96 -5.45 27.15 87.57 36.69

Sunland Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -5.82 54.25 33.33 36.40 0.30

Competitive Comparison of Sunland Group's EBIT

For the Real Estate - Development subindustry, Sunland 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.

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

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

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


Sunland 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$36.7 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.

Sunland Group  (ASX:SDG) EBIT Explanation

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

Sunland Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=21.052 * ( 1 - 33.6% )/( (105.983 + 10.051)/ 2 )
=13.978528/58.017
=24.09 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=254.338 - 9.296 - ( 139.059 - max(0, 21.722 - 253.102+139.059))
=105.983

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))
=204.959 - 33.65 - ( 196.861 - max(0, 41.9 - 203.158+196.861))
=10.051

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Sunland Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.594/( ( (0.564 + max(92.321, 0)) + (0.124 + max(-35.603, 0)) )/ 2 )
=0.594/( ( 92.885 + 0.124 )/ 2 )
=0.594/46.5045
=1.28 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.733 + 110.191 + 1.119) - (9.296 + 7.586 + 4.84)
=92.321

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.957 + 3.694 + 1.646) - (33.65 + 5.226 + 3.024)
=-35.603

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=36.692/-203.187
=-18.06 %

* 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.

Sunland Group EBIT Related Terms

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Sunland Group (ASX:SDG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunland Group Ltd (ASX:SDG) » Definitions » EBIT
Comparable Companies
ASX:LHM ASX:HGL ASX:CAQ ASX:TIA HKSE:00016 HKSE:01109 HKSE:00688 SHSE:600048 TSE:1925 HKSE:01113 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979 ADX:ALDAR HKSE:00960 PHS:HVN BOM:543287 HKSE:00083 HKSE:00004
Traded in Other Exchanges
N/A
Address
12 Creek Street, Brisbane, QLD, AUS, 4000
Website
https://www.sunlandgroup.com.au
Sunland Group Ltd is a real estate development company. The company's operating segment includes Land and Housing; Multistorey and Other. It generates maximum revenue from the Multistorey segment. Land and Housing segment comprises of medium-density integrated housing developments and land subdivision. The MultiStorey segment comprises of medium-rise apartment projects generally between five and 15 storeys and high-rise developments above 15 storeys. It derives revenue from the sale of properties.