GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Zendai Property Ltd (HKSE:00755) » Definitions » EBIT

Shanghai Zendai Property (HKSE:00755) EBIT : HK$178.6 Mil (TTM As of Dec. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Shanghai Zendai Property EBIT?

Shanghai Zendai Property's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$37.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$178.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Zendai Property's annualized ROC % for the quarter that ended in Dec. 2023 was -5.34%. Shanghai Zendai Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Zendai Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.31%.


Shanghai Zendai Property EBIT Historical Data

The historical data trend for Shanghai Zendai Property'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.

Shanghai Zendai Property EBIT Chart

Shanghai Zendai Property Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -311.04 -9.66 -1,161.48 3,769.27 178.59

Shanghai Zendai Property 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 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 -1,248.63 -37.16 3,806.43 141.53 37.06

Competitive Comparison of Shanghai Zendai Property's EBIT

For the Real Estate - Development subindustry, Shanghai Zendai Property'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.


Shanghai Zendai Property's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Shanghai Zendai Property's EV-to-EBIT falls into.



Shanghai Zendai Property 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$178.6 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.


Shanghai Zendai Property  (HKSE:00755) EBIT Explanation

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

Shanghai Zendai Property'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 )
=-182.676 * ( 1 - -57.48% )/( (5416.925 + 5364.021)/ 2 )
=-287.6781648/5390.473
=-5.34 %

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))
=6123.257 - 2818.892 - ( 94.815 - max(0, 4068.374 - 1955.814+94.815))
=5416.925

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))
=4890.86 - 1332.955 - ( 115.011 - max(0, 2865.543 - 1059.427+115.011))
=5364.021

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:

Shanghai Zendai Property'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 )
=74.126/( ( (580.311 + max(-2684.25, 0)) + (564.588 + max(-1332.371, 0)) )/ 2 )
=74.126/( ( 580.311 + 564.588 )/ 2 )
=74.126/572.4495
=12.95 %

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)
=(59.588 + 186.147 + 41.7) - (2818.892 + 0 + 152.793)
=-2684.25

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96.626 + 179.713 + 49.344) - (1332.955 + 0 + 325.099)
=-1332.371

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:

Shanghai Zendai Property's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=178.592/1918.671
=9.31 %

* 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.


Shanghai Zendai Property EBIT Related Terms

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


Shanghai Zendai Property (HKSE:00755) Business Description

Traded in Other Exchanges
N/A
Address
18 Harbour Road, Unit 6508, 65th Floor, Central Plaza, Wanchai, Hong Kong, HKG
Shanghai Zendai Property Ltd is an investment holding company engaged in the property development business. It is organized into three operating segments which comprise Sales of properties; Hotel operations; and Property rental, management, and agency services. The majority of its revenue is derived from the Sales of properties segment. All of the group's revenues are derived from the People's Republic of China.
Executives
China Orient Asset Management (international) Holding Limited 2106 Person having a security interest in shares
China Orient Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited 2201 Interest of corporation controlled by you
Wise Leader Assets Ltd. 2201 Interest of corporation controlled by you
Nantong Sanjian Holding (hk) Co., Limited 2101 Beneficial owner
Nan Tong San Jian Kong Gu You Xian Gong Si 2106 Person having a security interest in shares

Shanghai Zendai Property (HKSE:00755) Headlines

No Headlines