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Asiasec Properties (HKSE:00271) EBIT : HK$-41.79 Mil (TTM As of Jun. 2024)


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What is Asiasec Properties EBIT?

Asiasec Properties's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$1.92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-41.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asiasec Properties's annualized ROC % for the quarter that ended in Jun. 2024 was 1.20%. Asiasec Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 945.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asiasec Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -7.24%.


Asiasec Properties EBIT Historical Data

The historical data trend for Asiasec Properties'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.

Asiasec Properties EBIT Chart

Asiasec Properties 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 28.58 16.40 -44.29 287.32 -41.79

Asiasec Properties 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 -48.73 11.84 275.48 1.92 -43.71

Competitive Comparison of Asiasec Properties's EBIT

For the Real Estate Services subindustry, Asiasec Properties'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.


Asiasec Properties's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Asiasec Properties's EV-to-EBIT falls into.


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Asiasec Properties 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$-41.79 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.


Asiasec Properties  (HKSE:00271) EBIT Explanation

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

Asiasec Properties'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 )
=26.286 * ( 1 - -8.19% )/( (2382.756 + 2373.83)/ 2 )
=28.4388234/2378.293
=1.20 %

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))
=2603.968 - 16.815 - ( 204.397 - max(0, 36.141 - 298.227+204.397))
=2382.756

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))
=2559.147 - 13.506 - ( 171.811 - max(0, 31.85 - 265.794+171.811))
=2373.83

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:

Asiasec Properties'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 )
=3.84/( ( (0.43 + max(-27.006, 0)) + (0.382 + max(-25.149, 0)) )/ 2 )
=3.84/( ( 0.43 + 0.382 )/ 2 )
=3.84/0.406
=945.81 %

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)
=(6.223 + 0 + 2.912) - (16.815 + 0 + 19.326)
=-27.006

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.316 + 0 + 2.385) - (13.506 + 0 + 18.344)
=-25.149

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:

Asiasec Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-41.785/577.293
=-7.24 %

* 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.


Asiasec Properties EBIT Related Terms

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Asiasec Properties Business Description

Traded in Other Exchanges
N/A
Address
138 Gloucester Road, 9th Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG
Asiasec Properties Ltd is an investment holding company which is involved in real estate, property leasing and management services. The company has aggregated its operations into one reportable segment, Property Leasing and Estate Management. Its prime source of revenue is the rental income from investment properties.
Executives
Allied Group Limited
Lee Seng Hui
Lee Seng Huang
Lee Su Hwei
Allied Properties (h.k.) Limited
Tian An China Investments Company Limited

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