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China New Town Development Co (HKSE:01278) EBIT : HK$344.3 Mil (TTM As of Jun. 2024)


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What is China New Town Development Co EBIT?

China New Town Development Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$140.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$344.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China New Town Development Co's annualized ROC % for the quarter that ended in Jun. 2024 was 0.00%. China New Town Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 197.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China New Town Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 98.82%.

China New Town Development Co EBIT Historical Data

The historical data trend for China New Town Development 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.

* Premium members only.

China New Town Development Co EBIT Chart

China New Town Development Co 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 381.37 -111.91 235.60 112.90 319.68

China New Town Development 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 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 141.97 -22.35 116.16 203.53 140.72

Competitive Comparison of China New Town Development Co's EBIT

For the Real Estate - Development subindustry, China New Town Development 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.

China New Town Development Co's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where China New Town Development Co's EV-to-EBIT falls into.


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China New Town Development 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$344.3 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.

China New Town Development Co  (HKSE:01278) EBIT Explanation

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

China New Town Development 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 )
=0.322 * ( 1 - 28.31% )/( (4649.016 + 4800.867)/ 2 )
=0.2308418/4724.9415
=0.00 %

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))
=8618.283 - 335.004 - ( 3634.263 - max(0, 1135.973 - 5246.266+3634.263))
=4649.016

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))
=8514.101 - 363.847 - ( 3349.387 - max(0, 1008.171 - 4939.441+3349.387))
=4800.867

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:

China New Town Development 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 )
=281.446/( ( (41.373 + max(102.459, 0)) + (34.777 + max(105.733, 0)) )/ 2 )
=281.446/( ( 143.832 + 140.51 )/ 2 )
=281.446/142.171
=197.96 %

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)
=(46.937 + 853.735 + 10.397) - (335.004 + 0 + 473.606)
=102.459

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.235 + 840.717 + 9.79) - (363.847 + 0 + 428.162)
=105.733

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:

China New Town Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=344.252/348.347
=98.82 %

* 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.

China New Town Development Co EBIT Related Terms

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China New Town Development Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China New Town Development Co Ltd (HKSE:01278) » Definitions » EBIT
Comparable Companies
HKSE:03688 HKSE:01966 HKSE:01233 HKSE:00337 HKSE:01243 HKSE:03301 HKSE:02329 HKSE:01777 HKSE:00160 HKSE:00627 DFM:EMAAR HKSE:00016 PHS:HVN HKSE:01109 TSE:1925 ADX:ALDAR BOM:532868 HKSE:00688 HKSE:01113 DFM:EMAARDEV
Traded in Other Exchanges
N/A
Address
18 Harbour Road, Suite 6508. Central Plaza, Wanchai, Hong Kong, HKG
Website
https://www.china-newtown.com
China New Town Development Co Ltd is engaged in the real estate business. The company is a new town developer in Mainland China and has been engaged in the investment and operation of new types of urbanization and primary land development. The operating segments of the company are the Land development segment which provides land infrastructure development, and construction of ancillary public facilities; the Urbanization development segment which is responsible for investments in new town projects; Property leasing segment which provides property leasing services of investment property; and Others segment which includes the provision of other services. It derives maximum revenue from the Urbanization development segment.
Executives
Xitong International Holdings (hk) Limited 2101 Beneficial owner
China Development Bank International Holdings Limited 2101 Beneficial owner
Guo Kai Jin Rong You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Xing Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Wu Xi Shi Jiao Tong Chan Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Jiasheng (holding) Investment Limited 2201 Interest of corporation controlled by you
Jiashun (holding) Investment Limited 2201 Interest of corporation controlled by you
Jiaxin Investment (shanghai) Co., Ltd. 2201 Interest of corporation controlled by you
Zhong Guo Min Sheng Tou Zi Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Min Jia Ye Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Sre Investment Holding Limited 2101 Beneficial owner
Jia Yun Investment Limited 2106 Person having a security interest in shares
Shi Jian 2201 Interest of corporation controlled by you
Jia Bo Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you

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