Wing Tai Properties (HKSE:00369) EBIT : HK$-564.6 Mil (TTM As of Dec. 2023)

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What is Wing Tai Properties EBIT?

Wing Tai Properties's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-347.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-564.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wing Tai Properties's annualized ROC % for the quarter that ended in Dec. 2023 was 1.22%. Wing Tai Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -19.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wing Tai Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -8.87%.

Wing Tai Properties EBIT Historical Data

The historical data trend for Wing Tai 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.

Wing Tai Properties EBIT Chart

Wing Tai Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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436.40

-459.10

1,158.10

-35.20

-564.60

Wing Tai Properties 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															854.00	510.90	-546.10	-216.70	-347.90

Competitive Comparison of Wing Tai Properties's EBIT

For the Real Estate - Development subindustry, Wing Tai 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.

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

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

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

Wing Tai 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-564.6 Mil.

Wing Tai Properties (HKSE:00369) EBIT Explanation

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

Wing Tai Properties's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	360.6 * ( 1 - -3.8% )	/	( (31090.6	+	30096.6)	/ 2 )
=	374.3028	/	30593.6
=	1.22 %

where

	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	))
=	34935.2	-	861.5	-	( 2983.1	-	max(0, 2907.1	-	7958.2	+	2983.1	))
=	31090.6

	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	))
=	33988.1	-	668	-	( 3223.5	-	max(0, 3636.7	-	7989.1	+	3223.5	))
=	30096.6

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

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

Wing Tai Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-695.8	/	( ( (63.3 + max(3780.7, 0))	+	(64.8 + max(3147.6, 0)) )	/	2 )
=	-695.8	/	( ( 3844	+	3212.4 )	/	2 )
=	-695.8	/	3528.2
=	-19.72 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.8	+	0	+	4800)	-	(861.5	+	0	+	177.6)
=	3780.7

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14	+	3834.3	+	127.8)	-	(668	+	0	+	160.5)
=	3147.6

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-564.6	/	6367.261
	=	-8.87 %

Wing Tai Properties EBIT Related Terms

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Wing Tai Properties (HKSE:00369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wing Tai Properties Ltd (HKSE:00369) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Landmark East, 100 How Ming Street, 27th Floor, AIA Kowloon Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.wingtaiproperties.com

Wing Tai Properties Ltd is an investment holding company. The business activity of the group is operated through Property Development, Property Investment & Management, Hospitality Investment & Management, and Other segments. Its investment property portfolio is mainly comprised of commercial, industrial, residential units and serviced apartments, and others. The company's geographical segments are Hong Kong, the United Kingdom, the People's Republic of China, Singapore, and others, of which the majority of its revenue comes from Hong Kong.

Executives

Cheng Wai Chee Christopher	2101 Beneficial owner
Cheng Edward Wai Sun	2101 Beneficial owner
Butterfield Fiduciary Services (cayman) Limited
Butterfield Trust (asia) Limited	2301 Trustee
Ckf Limited	2201 Interest of corporation controlled by you
Whcwtf Limited	2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited	2301 Trustee
Sun Hung Kai Properties Limited

Wing Tai Properties (HKSE:00369) Headlines

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