Maoye International Holdings (HKSE:00848) EBIT : HK$911 Mil (TTM As of Jun. 2024)

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What is Maoye International Holdings EBIT?

Maoye International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$654 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$911 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maoye International Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 0.28%. Maoye International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 12.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maoye International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 5.81%.

Maoye International Holdings EBIT Historical Data

The historical data trend for Maoye International Holdings'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.

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Maoye International Holdings EBIT Chart

Maoye International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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1,535.59

1,944.64

1,665.95

1,097.64

906.05

Maoye International Holdings 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															794.48	762.03	335.62	654.09	257.35

Competitive Comparison of Maoye International Holdings's EBIT

For the Department Stores subindustry, Maoye International Holdings'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.

Maoye International Holdings's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Maoye International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Maoye International Holdings's EV-to-EBIT falls into.

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Maoye International Holdings 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$911 Mil.

Maoye International Holdings (HKSE:00848) EBIT Explanation

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

Maoye International Holdings'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 )
=	330.196 * ( 1 - 55.61% )	/	( (54176.665	+	49236.312)	/ 2 )
=	146.5740044	/	51706.4885
=	0.28 %

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	))
=	53642.589	-	6282.884	-	( 814.48	-	max(0, 19430.492	-	12613.532	+	814.48	))
=	54176.665

	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	))
=	51183.686	-	13179.055	-	( 778.95	-	max(0, 22268.196	-	11036.515	+	778.95	))
=	49236.312

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:

Maoye International Holdings'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 )
=	1308.188	/	( ( (10043.808 + max(495.641, 0))	+	(10088.346 + max(-6932.755, 0)) )	/	2 )
=	1308.188	/	( ( 10539.449	+	10088.346 )	/	2 )
=	1308.188	/	10313.8975
=	12.68 %

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)
=	(29.324	+	8683.154	+	588.935)	-	(6282.884	+	0	+	2522.888)
=	495.641

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29.966	+	7423.674	+	1586.216)	-	(13179.055	+	0	+	2793.556)
=	-6932.755

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:

Maoye International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	911.441	/	15678.804
	=	5.81 %

Maoye International Holdings EBIT Related Terms

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Maoye International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Maoye International Holdings Ltd (HKSE:00848) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

4003 Shennan East Road, 38th Floor, Tower A, World Finance Centre, Shenzhen, CHN

Website

https://www.maoye.cn

Maoye International Holdings Ltd is engaged in the operation and management of department stores and property development. The company operates through the segments namely, The Operation of Department Stores segment comprises concessionaire, direct sales of merchandise, and leasing out of commercial properties; The Property Development segment engages in the development and sale of commercial and residential properties and leasing out of commercial properties other than for the operation of department stores; and The Others segment includes operations of hotels, and provision of ancillary.

Maoye International Holdings Headlines

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