Huafa Property Services Group Co (HKSE:00982) EBIT : HK$406 Mil (TTM As of Jun. 2024)

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What is Huafa Property Services Group Co EBIT?

Huafa Property Services Group Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$177 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$406 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Huafa Property Services Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was 78.78%. Huafa Property Services Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 404.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Huafa Property Services Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.80%.

Huafa Property Services Group Co EBIT Historical Data

The historical data trend for Huafa Property Services Group Co'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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Huafa Property Services Group Co EBIT Chart

Huafa Property Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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119.91

181.70

284.62

336.95

400.88

Huafa Property Services Group Co 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															175.75	169.52	171.40	229.48	176.58

Competitive Comparison of Huafa Property Services Group Co's EBIT

For the Real Estate Services subindustry, Huafa Property Services Group Co'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.

Huafa Property Services Group Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Huafa Property Services Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Huafa Property Services Group Co's EV-to-EBIT falls into.

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Huafa Property Services Group Co 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$406 Mil.

Huafa Property Services Group Co (HKSE:00982) EBIT Explanation

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

Huafa Property Services Group Co'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 )
=	380.918 * ( 1 - 25.16% )	/	( (491.274	+	232.482)	/ 2 )
=	285.0790312	/	361.878
=	78.78 %

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	))
=	1145.374	-	478.87	-	( 418.31	-	max(0, 867.666	-	1042.896	+	418.31	))
=	491.274

	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	))
=	1141.008	-	680.33	-	( 228.196	-	max(0, 685.633	-	1030.83	+	228.196	))
=	232.482

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:

Huafa Property Services Group Co'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 )
=	353.156	/	( ( (57.368 + max(-90.622, 0))	+	(60.158 + max(57.285, 0)) )	/	2 )
=	353.156	/	( ( 57.368	+	117.443 )	/	2 )
=	353.156	/	87.4055
=	404.04 %

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)
=	(557.892	+	8.684	+	14.347)	-	(478.87	+	0	+	192.675)
=	-90.622

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(710.588	+	20.465	+	6.5619999999999)	-	(680.33	+	0	+	0)
=	57.285

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:

Huafa Property Services Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	406.058	/	2744.292
	=	14.80 %

Huafa Property Services Group Co EBIT Related Terms

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Huafa Property Services Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Huafa Property Services Group Co Ltd (HKSE:00982) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Room 3605, 36/F, Cheung Kong Center, Central, Hong Kong, HKG

Website

http://www.huafapropertyservices.com

Huafa Property Services Group Co Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of property management services, and hotel advisory and exhibition services in the PRC. Its operating segments of the group are Property management which involves the provision of property management services and related value-added services, including municipal supporting services and other services; and Hotel advisory and exhibition services which involves the provision of hotel advisory services, exhibition planning, and organization services. It derives prime revenue from the Property management segment. Geographically, the group derives revenue from Mainland China.

Executives

Zhu Hai Hua Fa Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Hua Fa Shi Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Idg Light Solutions Limited	2101 Beneficial owner
Ho Chi Sing	2201 Interest of corporation controlled by you
Ho Chi Sing	2201 Interest of corporation controlled by you

Huafa Property Services Group Co Headlines

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