Hongkong Chinese (HKSE:00655) EBIT : HK$185.54 Mil (TTM As of Jun. 2023)

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What is Hongkong Chinese EBIT?

Hongkong Chinese's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was HK$101.76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$185.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hongkong Chinese's annualized ROC % for the quarter that ended in Jun. 2023 was 0.15%. Hongkong Chinese's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 378.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hongkong Chinese's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 20.85%.

Hongkong Chinese EBIT Historical Data

The historical data trend for Hongkong Chinese'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.

Hongkong Chinese EBIT Chart

Hongkong Chinese Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

EBIT

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-115.99

452.73

666.36

502.31

185.54

Hongkong Chinese Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															480.39	302.46	199.85	101.76	83.79

Competitive Comparison of Hongkong Chinese's EBIT

For the Real Estate Services subindustry, Hongkong Chinese'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.

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

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

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

Hongkong Chinese 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$185.54 Mil.

Hongkong Chinese (HKSE:00655) EBIT Explanation

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

Hongkong Chinese'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 )
=	16.752 * ( 1 - 2.49% )	/	( (10959.964	+	10831.515)	/ 2 )
=	16.3348752	/	10895.7395
=	0.15 %

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	))
=	11220.679	-	53.031	-	( 207.684	-	max(0, 53.296	-	303.283	+	207.684	))
=	10959.964

	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	))
=	11058.068	-	49.188	-	( 177.365	-	max(0, 49.456	-	267.812	+	177.365	))
=	10831.515

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:

Hongkong Chinese'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 )
=	203.512	/	( ( (12.797 + max(42.568, 0))	+	(10.876 + max(41.259, 0)) )	/	2 )
=	203.512	/	( ( 55.365	+	52.135 )	/	2 )
=	203.512	/	53.75
=	378.63 %

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)
=	(4.219	+	90.868	+	0.51200000000006)	-	(53.031	+	0	+	0)
=	42.568

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.709	+	87.248	+	0.49000000000001)	-	(49.188	+	0	+	0)
=	41.259

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	185.544	/	889.763
	=	20.85 %

Hongkong Chinese EBIT Related Terms

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Hongkong Chinese (HKSE:00655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hongkong Chinese Ltd (HKSE:00655) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lippo Centre, 89 Queensway, 40th Floor, Tower Two, Hong Kong, HKG

Website

https://www.hkchinese.com.hk

Hongkong Chinese Ltd is an investment holding company. The company's operating segments are Property Investment, which includes investments relating to the letting and resale of properties; the Property development segment is into the development and sale of properties; the Treasury investment segment includes investments in money markets; the Securities investment segment invests in securities that are held for trading and for long-term strategic purpose; and Others. Its geographical segments are Hong Kong, Mainland China, Singapore, Indonesia, and others.

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