Shimao Services Holdings (FRA:5GO) EBIT : €-16 Mil (TTM As of Jun. 2024)

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What is Shimao Services Holdings EBIT?

Shimao Services Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shimao Services Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 6.46%. Shimao Services Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 88.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shimao Services Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.39%.

Shimao Services Holdings EBIT Historical Data

The historical data trend for Shimao Services 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.

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Shimao Services Holdings EBIT Chart

Shimao Services Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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115.57

215.30

-100.53

55.71

-15.33

Shimao Services Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial									-149.01	39.21	16.64	36.01	-52.21

Competitive Comparison of Shimao Services Holdings's EBIT

For the Real Estate Services subindustry, Shimao Services 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.

Shimao Services Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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

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Shimao Services 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 €-16 Mil.

Shimao Services Holdings (FRA:5GO) EBIT Explanation

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

Shimao Services 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 )
=	86.718 * ( 1 - 19.54% )	/	( (1116.744	+	1044.223)	/ 2 )
=	69.7733028	/	1080.4835
=	6.46 %

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	))
=	1828.816	-	206.219	-	( 614.951	-	max(0, 673.44	-	1179.293	+	614.951	))
=	1116.744

	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	))
=	1861.295	-	236.447	-	( 580.625	-	max(0, 693.321	-	1375.012	+	580.625	))
=	1044.223

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:

Shimao Services 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 )
=	72.018	/	( ( (83.754 + max(-195.496, 0))	+	(78.207 + max(-135.11, 0)) )	/	2 )
=	72.018	/	( ( 83.754	+	78.207 )	/	2 )
=	72.018	/	80.9805
=	88.93 %

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)
=	(412.148	+	27.083	+	4.7389999999998)	-	(206.219	+	0	+	433.247)
=	-195.496

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(481.482	+	31.072	+	12.594)	-	(236.447	+	0	+	423.811)
=	-135.11

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-16.204	/	-193.118
	=	8.39 %

Shimao Services Holdings EBIT Related Terms

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Shimao Services Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Services Holdings Ltd (FRA:5GO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

00873:Hong Kong

Address

No. 55, West Weifang Road, 26th Floor, Shanghai Shimao Tower, Shanghai, CHN, 200120

Website

https://www.shimaofuwu.com

Shimao Services Holdings Ltd is a property management and community living service provider in the PRC. The company operates in business in four segments namely property management services; community value-added services; value-added services to non-property owners and city services. It offers a wide range of property management services to property developers, property owners and residents. Its value-added services to non-property owners include sales office management services; preliminary planning and design consultancy services; and repair and maintenance services. It derives maximum revenue from Property management services.

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