Tai Cheung Holdings (HKSE:00088) EBIT : HK$77.20 Mil (TTM As of Sep. 2024)

View and export this data going back to 1972. Start your Free Trial

What is Tai Cheung Holdings EBIT?

Tai Cheung Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$37.40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$77.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tai Cheung Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was -1.07%. Tai Cheung Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tai Cheung Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.55%.

Tai Cheung Holdings EBIT Historical Data

The historical data trend for Tai Cheung 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.

Tai Cheung Holdings EBIT Chart

Tai Cheung Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

Get a 7-Day Free Trial

140.80

-19.10

6.40

-18.00

76.70

Tai Cheung Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial															-31.80	13.80	36.90	39.80	37.40

Competitive Comparison of Tai Cheung Holdings's EBIT

For the Real Estate - Development subindustry, Tai Cheung 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.

Tai Cheung Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Save Embed

;

Save Embed

;

Tai Cheung 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$77.20 Mil.

Tai Cheung Holdings (HKSE:00088) EBIT Explanation

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

Tai Cheung Holdings's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-57.8 * ( 1 - 1.08% )	/	( (5335.2	+	5318.1)	/ 2 )
=	-57.17576	/	5326.65
=	-1.07 %

where

	Invested Capital		(Q: Mar. 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	))
=	6664.4	-	179.9	-	( 1149.3	-	max(0, 191	-	6369	+	1149.3	))
=	5335.2

	Invested Capital		(Q: Sep. 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	))
=	6701.6	-	226.5	-	( 1157	-	max(0, 236.9	-	6382.8	+	1157	))
=	5318.1

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

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

Tai Cheung Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	74.8	/	( ( (23.9 + max(4989.1, 0))	+	(18.8 + max(4966.2, 0)) )	/	2 )
=	74.8	/	( ( 5013	+	4985 )	/	2 )
=	74.8	/	4999
=	1.50 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	5063.2	+	105.8)	-	(179.9	+	0	+	0)
=	4989.1

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	5192.7	+	0)	-	(226.5	+	0	+	0)
=	4966.2

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	77.2	/	808.721
	=	9.55 %

Tai Cheung Holdings EBIT Related Terms

Thank you for viewing the detailed overview of Tai Cheung Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Tai Cheung Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tai Cheung Holdings Ltd (HKSE:00088) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

3A Chater Road, Central, 20th Floor, The Hong Kong Club Building, Hong Kong, HKG

Website

http://www.taicheung.com

Tai Cheung Holdings Ltd is a Hong Kong-based company engaged in property investment and development, investment holding, and property management. The company's property portfolio includes office towers as well as industrial and residential buildings. In addition, the group has a hotel operation arm through its interest in Sheraton Hong Kong Hotel & Towers, a 5-star hotel located in Tsim Sha Tsui, Kowloon. The company divides its business activities into property development and leasing, property management, hotel operation, and investment holding. Tai Cheung generates the majority of its income from property sales.

Executives

Chan Pun, David

2101 Beneficial owner

Tai Cheung Holdings Headlines

No Headlines