GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chinese Estates Holdings Ltd (HKSE:00127) » Definitions » EBIT

Chinese Estates Holdings (HKSE:00127) EBIT : HK$-1,918.3 Mil (TTM As of Jun. 2024)


View and export this data going back to 1983. Start your Free Trial

What is Chinese Estates Holdings EBIT?

Chinese Estates Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-306.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-1,918.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chinese Estates Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -0.00%. Chinese Estates Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -179.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chinese Estates Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -59.75%.


Chinese Estates Holdings EBIT Historical Data

The historical data trend for Chinese Estates 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.

Chinese Estates Holdings EBIT Chart

Chinese Estates Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 880.88 -3,389.55 1,305.63 326.14 -1,918.33

Chinese Estates Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 381.87 280.09 46.06 -306.84 -1,611.49

Competitive Comparison of Chinese Estates Holdings's EBIT

For the Real Estate - Diversified subindustry, Chinese Estates 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.


Chinese Estates Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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


;
;

Chinese Estates 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 HK$-1,918.3 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.


Chinese Estates Holdings  (HKSE:00127) EBIT Explanation

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

Chinese Estates 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 )
=-0.59 * ( 1 - -1.62% )/( (19489.933 + 19096.524)/ 2 )
=-0.599558/19293.2285
=-0.00 %

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))
=18545.466 - 16.047 - ( 931.547 - max(0, 2515.574 - 1555.06+931.547))
=19489.933

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))
=18193.396 - 194.454 - ( 1108.899 - max(0, 2680.993 - 1583.411+1108.899))
=19096.524

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:

Chinese Estates 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 )
=-613.684/( ( (254.801 + max(138.308, 0)) + (207.366 + max(83.256, 0)) )/ 2 )
=-613.684/( ( 393.109 + 290.622 )/ 2 )
=-613.684/341.8655
=-179.51 %

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)
=(26.992 + 27.395 + 364.695) - (16.047 + 0 + 264.727)
=138.308

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.8 + 28.231 + 284.471) - (194.454 + 0 + 76.792)
=83.256

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-1918.331/3210.490
=-59.75 %

* 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.


Chinese Estates Holdings EBIT Related Terms

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


Chinese Estates Holdings Business Description

Traded in Other Exchanges
N/A
Address
311 Gloucester Road, 21st Floor, Chubb Tower, Windsor House, Causeway Bay, Hong Kong, HKG
Chinese Estates Holdings Ltd is an investment holding company. The company's operating segment includes Property development and trading; Property leasing includes Retail and Non-retail; Listed equity investments at FVTOCI; Investments and treasury products at FVTPL; Unlisted investments, investment holding and brokerage, and other segments. The company's geographical segments include Hong Kong, United Kingdom, Mainland China, and Other countries.
Executives
Sino Omen Holdings Limited 2201 Interest of corporation controlled by you
Solar Bright Ltd. 2201 Interest of corporation controlled by you
Century Frontier Limited 2501 Other
Joseph Lau Luen Hung Investments Limited 2501 Other
Chan Hoi Wan 2203 Interest of your child under 18 years of age
Lau Luen Hung 2203 Interest of your child under 18 years of age

Chinese Estates Holdings Headlines

No Headlines