Sunac Services Holdings (HKSE:01516) EBIT : HK$-1,590 Mil (TTM As of Jun. 2024)

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What is Sunac Services Holdings EBIT?

Sunac Services Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-691 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-1,590 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sunac Services Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 16.64%. Sunac Services Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -85.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sunac Services Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -76.00%.

Sunac Services Holdings EBIT Historical Data

The historical data trend for Sunac Services 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.

* Premium members only.

Sunac Services Holdings EBIT Chart

Sunac Services Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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399.64

970.77

2,194.24

-709.14

-377.17

Sunac Services Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial								-1,203.10	437.01	521.75	-898.92	-691.42

Competitive Comparison of Sunac Services Holdings's EBIT

For the Real Estate Services subindustry, Sunac Services 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.

Sunac Services Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Sunac Services 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$-1,590 Mil.

Sunac Services Holdings (HKSE:01516) EBIT Explanation

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

Sunac Services 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 )
=	1245.944 * ( 1 - 28.68% )	/	( (5390.9	+	5288.758)	/ 2 )
=	888.6072608	/	5339.829
=	16.64 %

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	))
=	12736.868	-	3518.443	-	( 4739.218	-	max(0, 5729.99	-	9557.515	+	4739.218	))
=	5390.9

	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	))
=	11048.826	-	3288.672	-	( 3620.437	-	max(0, 5184.271	-	7655.667	+	3620.437	))
=	5288.758

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:

Sunac Services 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 )
=	-1382.834	/	( ( (183.978 + max(904.919, 0))	+	(173.241 + max(1980.451, 0)) )	/	2 )
=	-1382.834	/	( ( 1088.897	+	2153.692 )	/	2 )
=	-1382.834	/	1621.2945
=	-85.29 %

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)
=	(6463.481	+	59.655	+	91.612000000001)	-	(3518.443	+	0	+	2191.386)
=	904.919

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6975.19	+	54.902	+	111.162)	-	(3288.672	+	0	+	1872.131)
=	1980.451

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-1590.334	/	2092.459
	=	-76.00 %

Sunac Services Holdings EBIT Related Terms

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Sunac Services Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunac Services Holdings Ltd (HKSE:01516) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongqi Road, Block O1A, 25th Floor, Sunac Center, Nankai District, Tianjin, CHN, 300381

Website

http://www.sunacservice.com

Sunac Services Holdings Ltd is engaged in the provision of property management services, value-added services to non-property owners, community living services and commercial operational services in the PRC.

Executives

Sunac Shine (ptc) Limited	2301 Trustee
Sun Hongbin	2307 Founder of a discretionary trust who can infl
Sunac Holdings Llc	2201 Interest of corporation controlled by you
Sunac International Investment Holdings Ltd	2201 Interest of corporation controlled by you
Sunac China Holdings Limited	2201 Interest of corporation controlled by you
Sunac Services Investment Limited	2101 Beneficial owner
Gai Gong Si Wei Sun Hong Bin Xian Sheng Jia Zu Xin Tuo De Shou Tuo Ren	2201 Interest of corporation controlled by you
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you
Morgan Stanley & Co. International Plc	2105 Underwriter

Sunac Services Holdings Headlines

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