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CK Asset Holdings (FRA:1CK1) EBIT : €2,238 Mil (TTM As of Jun. 2024)


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What is CK Asset Holdings EBIT?

CK Asset Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €1,188 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €2,238 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CK Asset Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 2.31%. CK Asset Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 11.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CK Asset Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 12.93%.


CK Asset Holdings EBIT Historical Data

The historical data trend for CK Asset Holdings'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.

CK Asset Holdings EBIT Chart

CK Asset Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,474.46 2,754.03 3,546.24 2,892.60 2,572.48

CK Asset Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1,670.67 1,212.04 1,527.96 1,049.94 1,187.72

Competitive Comparison of CK Asset Holdings's EBIT

For the Real Estate - Development subindustry, CK Asset Holdings'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.


CK Asset Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where CK Asset Holdings's EV-to-EBIT falls into.



CK Asset Holdings 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 €2,238 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.


CK Asset Holdings  (FRA:1CK1) EBIT Explanation

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

CK Asset Holdings'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 )
=1337.712 * ( 1 - 6.6% )/( (54273.23 + 53827.283)/ 2 )
=1249.423008/54050.2565
=2.31 %

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))
=59751.536 - 490.332 - ( 4987.974 - max(0, 6082.179 - 21424.534+4987.974))
=54273.23

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))
=60005.43 - 2278.607 - ( 3899.54 - max(0, 5079.525 - 20724.313+3899.54))
=53827.283

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:

CK Asset Holdings'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 )
=2375.432/( ( (8574.581 + max(12198.056, 0)) + (8660.159 + max(13285.651, 0)) )/ 2 )
=2375.432/( ( 20772.637 + 21945.81 )/ 2 )
=2375.432/21359.2235
=11.12 %

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)
=(181.996 + 15276.014 + 697.572) - (490.332 + 0 + 3467.194)
=12198.056

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(988.118 + 15607.438 + -3.6379788070917E-12) - (2278.607 + 0 + 1031.298)
=13285.651

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:

CK Asset Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=2237.655/17309.935
=12.93 %

* 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.


CK Asset Holdings EBIT Related Terms

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CK Asset Holdings Business Description

Traded in Other Exchanges
Address
2 Queen’s Road Central, 7th Floor, Cheung Kong Center, Hong Kong, HKG
CK Asset Holdings was the property business arm of the Cheung Kong Group before the spinoff in 2015. It was subsequently renamed CK Asset Holdings from CK Property in 2017. Li Ka-shing and his family remain the largest shareholders of CK Asset over the years, with about a 48% equity stake. The company mainly engages in property development, property investment, and hotel management in Hong Kong and mainland China, while diversifying into social housing, pub operations, and infrastructure management overseas in recent years.

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