China Overseas Land & Investment (China Overseas Land & Investment) EBIT : $5,895 Mil (TTM As of Dec. 2023)

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What is China Overseas Land & Investment EBIT?

China Overseas Land & Investment's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $3,052 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $5,895 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Overseas Land & Investment's annualized ROC % for the quarter that ended in Dec. 2023 was 3.09%. China Overseas Land & Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Overseas Land & Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.38%.

China Overseas Land & Investment EBIT Historical Data

The historical data trend for China Overseas Land & Investment'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 Overseas Land & Investment EBIT Chart

China Overseas Land & Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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9,368.95

10,717.88

10,047.51

5,316.30

5,903.59

China Overseas Land & Investment 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															4,875.05	3,836.77	1,631.70	2,843.50	3,051.65

Competitive Comparison of China Overseas Land & Investment's EBIT

For the Real Estate - Development subindustry, China Overseas Land & Investment'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 Overseas Land & Investment's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Overseas Land & Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Overseas Land & Investment's EV-to-EBIT falls into.

China Overseas Land & Investment 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 $5,895 Mil.

China Overseas Land & Investment (OTCPK:CAOVY) EBIT Explanation

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

China Overseas Land & Investment'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 )
=	4904.36 * ( 1 - 39.76% )	/	( (95622.181	+	95509.383)	/ 2 )
=	2954.386464	/	95565.782
=	3.09 %

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	))
=	128583.835	-	17013.137	-	( 15948.517	-	max(0, 42444.248	-	93025.291	+	15948.517	))
=	95622.181

	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	))
=	129352.692	-	19049.741	-	( 14793.568	-	max(0, 40012.957	-	91685.373	+	14793.568	))
=	95509.383

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:

China Overseas Land & Investment'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 )
=	6103.29	/	( ( (968.253 + max(38569.98, 0))	+	(907.941 + max(40051.922, 0)) )	/	2 )
=	6103.29	/	( ( 39538.233	+	40959.863 )	/	2 )
=	6103.29	/	40249.048
=	15.16 %

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)
=	(723.487	+	66942.083	+	6659.979)	-	(17013.137	+	0	+	18742.432)
=	38569.98

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(561.354	+	69500.256	+	4252.378)	-	(19049.741	+	0	+	15212.325)
=	40051.922

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:

China Overseas Land & Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5895.143	/	44045.248
	=	13.38 %

China Overseas Land & Investment EBIT Related Terms

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China Overseas Land & Investment (China Overseas Land & Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Land & Investment Ltd (OTCPK:CAOVY) » Definitions » EBIT

Traded in Other Exchanges

CAOVF:USA 00688:Hong Kong CPP:Germany

Address

1 Queen's Road East, 10th Floor, Three Pacific Place, Hong Kong, HKG

Website

http://www.coli.com.hk

China Overseas Land & Investment, or COLI, is a large real estate developer in China. Property development accounts for most of the core earnings, with operating scale among the top five of all peers regarding contracted sales. In addition to property development, COLI has actively grown its commercial property portfolio, with a dual focus on offices and shopping malls for recurring income. COLI is a subsidiary of China State Construction Engineering, China's largest construction firm. It also holds a 39.6% stake in China Overseas Grand Oceans, a real estate developer focusing on lower-tier cities in China.

China Overseas Land & Investment (China Overseas Land & Investment) Headlines

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