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Central China Real Estate (HKSE:00832) EBIT : HK$-3,176 Mil (TTM As of Dec. 2023)


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What is Central China Real Estate EBIT?

Central China Real Estate's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-1,035 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3,176 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Central China Real Estate's annualized ROC % for the quarter that ended in Dec. 2023 was 0.32%. Central China Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -21.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Central China Real Estate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12.24%.


Central China Real Estate EBIT Historical Data

The historical data trend for Central China Real Estate'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.

Central China Real Estate EBIT Chart

Central China Real Estate 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 6,215.48 6,566.85 4,678.50 -6,707.72 -1,277.76

Central China Real Estate Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -6,140.66 -857.72 -242.42 -1,035.34 -2,140.54

Competitive Comparison of Central China Real Estate's EBIT

For the Real Estate - Development subindustry, Central China Real Estate'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.


Central China Real Estate's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Central China Real Estate's EV-to-EBIT falls into.



Central China Real Estate 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$-3,176 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.


Central China Real Estate  (HKSE:00832) EBIT Explanation

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

Central China Real Estate'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 )
=212.256 * ( 1 - -37.58% )/( (98886.153 + 86522.595)/ 2 )
=292.0218048/92704.374
=0.32 %

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))
=142116.939 - 62388.7 - ( 1942.622 - max(0, 138834.853 - 119676.939+1942.622))
=98886.153

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))
=128285.458 - 58804.471 - ( 427.228 - max(0, 123879.288 - 106837.68+427.228))
=86522.595

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:

Central China Real Estate'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 )
=-2070.678/( ( (10010.791 + max(-2332.206, 0)) + (9611.09 + max(-2758.32, 0)) )/ 2 )
=-2070.678/( ( 10010.791 + 9611.09 )/ 2 )
=-2070.678/9810.9405
=-21.11 %

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)
=(109.814 + 92736.414 + 18082.204) - (62388.7 + 0 + 50871.938)
=-2332.206

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(160.752 + 82504.853 + 16471.274) - (58804.471 + 0 + 43090.728)
=-2758.32

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:

Central China Real Estate's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-3175.88/25948.326
=-12.24 %

* 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.


Central China Real Estate EBIT Related Terms

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Central China Real Estate Business Description

Traded in Other Exchanges
Address
Nongye East Road, Block E, Jianye Office Building, Henan Province, Zhengzhou, CHN
Central China Real Estate Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company's main businesses include the development of property projects for sales and rental, as well as hotel operations. Its properties include Zhengzhou Tianzhu, Zhengzhou Triumph Plaza, Pingdingshan Eighteen Cities, and Jiaozuo Xiuwu Forest Peninsula, among others. Its hotels include Le Meridien Zhengzhou, Aloft Zhengzhou Shangjie, and Holiday Inn Nanyang, among others. The Company is also involved in the businesses of cultural tourism projects and light-asset model projects. The Company mainly operates businesses in Henan, China.
Executives
Joy Bright Investments Limited 2101 Beneficial owner
Wu Po Sum 2201 Interest of corporation controlled by you
You Dao Fa Zhan Guo Ji Xiang Gang You Xian Gong Si 2101 Beneficial owner
He Nan Tong Cheng Zhi Ye You Xian Gong Si 2201 Interest of corporation controlled by you
He Nan Sheng Tie Lu Jian She Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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