Kowloon Development Co (HKSE:00034) EBIT : HK$671 Mil (TTM As of Jun. 2023)

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What is Kowloon Development Co EBIT?

Kowloon Development Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was HK$356 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$671 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kowloon Development Co's annualized ROC % for the quarter that ended in Jun. 2023 was 1.38%. Kowloon Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kowloon Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 2.32%.

Kowloon Development Co EBIT Historical Data

The historical data trend for Kowloon Development Co'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.

Kowloon Development Co EBIT Chart

Kowloon Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

2,739.38

971.08

2,377.09

1,742.99

671.45

Kowloon Development Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,678.87	192.15	1,550.84	356.03	315.42

Competitive Comparison of Kowloon Development Co's EBIT

For the Real Estate - Development subindustry, Kowloon Development Co'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.

Kowloon Development Co's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Kowloon Development Co's EV-to-EBIT falls into.

Kowloon Development Co 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$671 Mil.

Kowloon Development Co (HKSE:00034) EBIT Explanation

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

Kowloon Development Co's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	833.566 * ( 1 - 29.66% )	/	( (42922.309	+	42082.678)	/ 2 )
=	586.3303244	/	42502.4935
=	1.38 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	47765.804	-	3935.295	-	( 908.2	-	max(0, 19190.832	-	27969.929	+	908.2	))
=	42922.309

	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	))
=	47141.192	-	4290.374	-	( 768.14	-	max(0, 26188.644	-	27904.576	+	768.14	))
=	42082.678

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Kowloon Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	712.062	/	( ( (252.609 + max(22272.723, 0))	+	(241.837 + max(20972.965, 0)) )	/	2 )
=	712.062	/	( ( 22525.332	+	21214.802 )	/	2 )
=	712.062	/	21870.067
=	3.26 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(691.303	+	26238.926	+	0)	-	(3935.295	+	0	+	722.211)
=	22272.723

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(763.526	+	26241.244	+	3.6379788070917E-12)	-	(4290.374	+	0	+	1741.431)
=	20972.965

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Kowloon Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	671.453	/	28969.812
	=	2.32 %

Kowloon Development Co EBIT Related Terms

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Kowloon Development Co (HKSE:00034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kowloon Development Co Ltd (HKSE:00034) » Definitions » EBIT

Traded in Other Exchanges

KOX:Germany

Address

750 Nathan Road, 23rd Floor, Pioneer Centre, Kowloon, Hong Kong, HKG

Website

https://www.kdc.com.hk

Kowloon Development Co Ltd is an investment holding company. It operates in three segments: Property development, which includes the development and sale of properties and interests in property development; Property investment segment includes leasing of properties to generate rental income and to gain from the appreciation in the properties' values in the long term; and Other businesses segment, which includes the financial investments, the provision of financial services, the provision of property management services and treasury operations. The company generates the majority of its revenue from the sale of properties. Its geographical segments are Hong Kong, which accounts for the majority of revenue; Mainland China; and Others.

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