Evergrande Property Services Group (Evergrande Property Services Group) EBIT : $297 Mil (TTM As of Dec. 2023)

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What is Evergrande Property Services Group EBIT?

Evergrande Property Services Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $152 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $297 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evergrande Property Services Group's annualized ROC % for the quarter that ended in Dec. 2023 was 31.55%. Evergrande Property Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2,247.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evergrande Property Services Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 31.42%.

Evergrande Property Services Group EBIT Historical Data

The historical data trend for Evergrande Property Services 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.

Evergrande Property Services Group EBIT Chart

Evergrande Property Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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176.17

535.22

-26.80

282.30

297.05

Evergrande Property Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							-430.36	132.92	154.65	144.39	152.24

Competitive Comparison of Evergrande Property Services Group's EBIT

For the Real Estate Services subindustry, Evergrande Property Services 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.

Evergrande Property Services Group's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Evergrande Property Services 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 semi-annually data reported by the company within the most recent 12 months, which was $297 Mil.

Evergrande Property Services Group (OTCPK:EVGPF) EBIT Explanation

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

Evergrande Property Services 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 )
=	338.49 * ( 1 - 28.45% )	/	( (758.238	+	777.218)	/ 2 )
=	242.189595	/	767.728
=	31.55 %

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	))
=	1063.047	-	657.524	-	( 225.261	-	max(0, 1121.976	-	769.261	+	225.261	))
=	758.238

	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	))
=	1154.928	-	644.827	-	( 322.33	-	max(0, 1103.182	-	836.065	+	322.33	))
=	777.218

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:

Evergrande Property Services 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 )
=	304.472	/	( ( (14.891 + max(-582.677, 0))	+	(12.206 + max(-634.951, 0)) )	/	2 )
=	304.472	/	( ( 14.891	+	12.206 )	/	2 )
=	304.472	/	13.5485
=	2,247.27 %

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)
=	(453.007	+	0	+	40.455)	-	(657.524	+	0	+	418.615)
=	-582.677

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(426.681	+	0.331	+	26.887)	-	(644.827	+	0	+	444.023)
=	-634.951

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	296.624	/	943.993
	=	31.42 %

Evergrande Property Services Group EBIT Related Terms

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Evergrande Property Services Group (Evergrande Property Services Group) Business Description

Industry

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06666:Hong Kong

Address

No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660

Website

https://www.evergrandeservice.com

Evergrande Property Services Group Ltd is a property management service providers in China. It manages a diverse portfolio of properties, including mid- to high-end residential properties, office buildings and commercial properties. Further, it also manages other types of properties such as theme parks, industrial parks, healthcare complexes, themed towns and schools, among others.

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