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Midea Real Estate Holding (FRA:MR9) EBIT : €401 Mil (TTM As of Jun. 2024)


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What is Midea Real Estate Holding EBIT?

Midea Real Estate Holding's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €178 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €401 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Midea Real Estate Holding's annualized ROC % for the quarter that ended in Jun. 2024 was 0.54%. Midea Real Estate Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 151.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Midea Real Estate Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.33%.


Midea Real Estate Holding EBIT Historical Data

The historical data trend for Midea Real Estate Holding'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.

Midea Real Estate Holding EBIT Chart

Midea Real Estate Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 1,075.42 951.61 1,211.56 932.67 576.25

Midea Real Estate Holding Semi-Annual Data
Dec15 Dec16 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 568.89 387.49 354.54 222.97 178.41

Competitive Comparison of Midea Real Estate Holding's EBIT

For the Real Estate - Development subindustry, Midea Real Estate Holding'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.


Midea Real Estate Holding's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Midea Real Estate Holding's EV-to-EBIT falls into.



Midea Real Estate Holding 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 €401 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.


Midea Real Estate Holding  (FRA:MR9) EBIT Explanation

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

Midea Real Estate Holding'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 )
=156.192 * ( 1 - 51.29% )/( (14891.19 + 13262.735)/ 2 )
=76.0811232/14076.9625
=0.54 %

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))
=25888.369 - 8730.034 - ( 2267.145 - max(0, 16088.867 - 20888.434+2267.145))
=14891.19

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))
=22921.579 - 8178.542 - ( 1480.302 - max(0, 13245.435 - 17758.461+1480.302))
=13262.735

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:

Midea Real Estate Holding'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 )
=356.814/( ( (175.182 + max(-35.158999999998, 0)) + (180.434 + max(114.13, 0)) )/ 2 )
=356.814/( ( 175.182 + 294.564 )/ 2 )
=356.814/234.873
=151.92 %

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)
=(217.135 + 12571.065 + 1687.344) - (8730.034 + 0 + 5780.669)
=-35.158999999998

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(260.986 + 10338.37 + 1590.407) - (8178.542 + 0 + 3897.091)
=114.13

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:

Midea Real Estate Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=401.376/3886.309
=10.33 %

* 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.


Midea Real Estate Holding EBIT Related Terms

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Midea Real Estate Holding Business Description

Traded in Other Exchanges
Address
No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311
Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates majority of the revenue.

Midea Real Estate Holding Headlines

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