China New City Group (HKSE:01321) EBIT : HK$553 Mil (TTM As of Jun. 2024)

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What is China New City Group EBIT?

China New City Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$995 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$553 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China New City Group's annualized ROC % for the quarter that ended in Jun. 2024 was 10.10%. China New City Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 75.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China New City Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.18%.

China New City Group EBIT Historical Data

The historical data trend for China New City Group'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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China New City Group EBIT Chart

China New City Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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595.42

388.87

-66.04

-377.01

-409.83

China New City Group 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															-191.63	-194.45	32.89	-442.72	995.45

Competitive Comparison of China New City Group's EBIT

For the Real Estate - Development subindustry, China New City Group'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 City Group's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where China New City Group's EV-to-EBIT falls into.

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China New City Group 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$553 Mil.

China New City Group (HKSE:01321) EBIT Explanation

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

China New City Group'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 )
=	3111.42 * ( 1 - 60.39% )	/	( (13953.376	+	10460.641)	/ 2 )
=	1232.433462	/	12207.0085
=	10.10 %

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	))
=	14802.117	-	1774.674	-	( 198.183	-	max(0, 5832.239	-	4906.306	+	198.183	))
=	13953.376

	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	))
=	14448.488	-	3854.629	-	( 133.218	-	max(0, 5237.365	-	5403.025	+	133.218	))
=	10460.641

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 City Group'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 )
=	1990.906	/	( ( (2612.982 + max(-915.199, 0))	+	(2477.066 + max(159.881, 0)) )	/	2 )
=	1990.906	/	( ( 2612.982	+	2636.947 )	/	2 )
=	1990.906	/	2624.9645
=	75.85 %

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)
=	(76.579	+	4019.494	+	127.544)	-	(1774.674	+	0	+	3364.142)
=	-915.199

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(87.658	+	4502.801	+	136.709)	-	(3854.629	+	0	+	712.658)
=	159.881

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 City Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	552.732	/	4193.112
	=	13.18 %

China New City Group EBIT Related Terms

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China New City Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China New City Group Ltd (HKSE:01321) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Long Zhang Road, 5th Floor, Building 6, Xinhang Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN

Website

http://www.chinanewcity.com.cn

China New City Group Ltd is an investment holding company. The Group is principally engaged in commercial property development, commercial operation and hotel management. The company's operating segments are The commercial property development segment which develops and sells commercial properties in Mainland China; The property rental segment which leases investment properties in Mainland China; The hotel operations segment which owns and operates a hotel; and Other segment comprising the company's property management services business, which provides management and security services to commercial properties. The commercial property development segment contributes to the majority of the revenue. The company earns the majority of its revenue from Mainland China.

Executives

Whole Good Management Limited
Ideal World Investments Limited
Zhong An Group Limited
Shi Zhongan	2201 Interest of corporation controlled by you
Shi Kancheng

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