Redsun Properties Group (FRA:0RJ) EBIT : €-550 Mil (TTM As of Jun. 2024)

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What is Redsun Properties Group EBIT?

Redsun Properties Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €-107 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-550 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Redsun Properties Group's annualized ROC % for the quarter that ended in Jun. 2024 was 0.98%. Redsun Properties Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -275.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Redsun Properties Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -14.73%.

Redsun Properties Group EBIT Historical Data

The historical data trend for Redsun Properties 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.

Redsun Properties Group EBIT Chart

Redsun Properties Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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432.40

523.58

589.62

-276.99

-675.46

Redsun Properties Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial												109.66	-382.08	-232.91	-443.38	-107.02

Competitive Comparison of Redsun Properties Group's EBIT

For the Real Estate - Development subindustry, Redsun Properties 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.

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

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

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

Redsun Properties 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-550 Mil.

Redsun Properties Group (FRA:0RJ) EBIT Explanation

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

Redsun Properties Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	60.088 * ( 1 - -7.92% )	/	( (7074.606	+	6094.987)	/ 2 )
=	64.8469696	/	6584.7965
=	0.98 %

where

	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	))
=	9620.067	-	2671.752	-	( 152.934	-	max(0, 6834.962	-	6708.671	+	152.934	))
=	7074.606

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	8604.137	-	2836.878	-	( 276.145	-	max(0, 6192.869	-	5865.141	+	276.145	))
=	6094.987

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Redsun Properties Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-214.034	/	( ( (79.248 + max(-898.638, 0))	+	(76.374 + max(-1046.282, 0)) )	/	2 )
=	-214.034	/	( ( 79.248	+	76.374 )	/	2 )
=	-214.034	/	77.811
=	-275.07 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.562	+	3383.531	+	331.237)	-	(2671.752	+	0	+	1942.216)
=	-898.638

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.787	+	2836.089	+	105.048)	-	(2836.878	+	0	+	1151.328)
=	-1046.282

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-550.397	/	3736.318
	=	-14.73 %

Redsun Properties Group EBIT Related Terms

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Redsun Properties Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Properties Group Ltd (FRA:0RJ) » Definitions » EBIT

Traded in Other Exchanges

01996:Hong Kong

Address

No. 9 Daqiao North Road, 26th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN

Website

https://www.rsunproperty.hk

Redsun Properties Group Ltd is a China-based company engages in the property development and commercial real estate business. It's business operations consist of three principal business segments: Property Development and Sales; Commercial Property Investment and Operations; and Hotel Operations. The company derived its revenue from sale of its developed residential properties and supporting retail properties, rental income from the investment in and operation of commercial properties, and service fee income from its hotel operaTions.

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