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Red Star Macalline Group (HKSE:01528) EBIT : HK$-1,812 Mil (TTM As of Jun. 2024)


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What is Red Star Macalline Group EBIT?

Red Star Macalline Group's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was HK$-596 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-1,812 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Red Star Macalline Group's annualized ROC % for the quarter that ended in Jun. 2024 was 2.61%. Red Star Macalline Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -41.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Red Star Macalline Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.06%.


Red Star Macalline Group EBIT Historical Data

The historical data trend for Red Star Macalline 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.

* Premium members only.

Red Star Macalline Group EBIT Chart

Red Star Macalline Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,357.32 6,586.14 4,579.61 125.81 -1,909.42

Red Star Macalline Group Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24
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 -198.50 -1,363.00 344.77 -595.74 -

Competitive Comparison of Red Star Macalline Group's EBIT

For the Real Estate Services subindustry, Red Star Macalline 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.


Red Star Macalline Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Red Star Macalline Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Red Star Macalline Group's EV-to-EBIT falls into.


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Red Star Macalline 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 quarterly data reported by the company within the most recent 12 months, which was HK$-1,812 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.


Red Star Macalline Group  (HKSE:01528) EBIT Explanation

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

Red Star Macalline 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: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=3853.78 * ( 1 - 9.48% )/( (133050.176 + 134164.414)/ 2 )
=3488.441656/133607.295
=2.61 %

where

Invested Capital(Q: Mar. 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))
=132098.528 - 17179.99 - ( 5175.122 - max(0, 30605.564 - 12473.926+5175.122))
=133050.176

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))
=130547.153 - 17066.709 - ( 2707.82 - max(0, 29965.506 - 9281.536+2707.82))
=134164.414

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Red Star Macalline 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: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2382.952/( ( (5888.058 + max(-23323.178, 0)) + (5671.6 + max(-16423.552, 0)) )/ 2 )
=-2382.952/( ( 5888.058 + 5671.6 )/ 2 )
=-2382.952/5779.829
=-41.23 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1476.561 + 174.627 + 3496.309) - (17179.99 + 0 + 11290.685)
=-23323.178

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1225.648 + 72.851 + 1048.194) - (17066.709 + 0 + 1703.536)
=-16423.552

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-1812.463/44641.525
=-4.06 %

* 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.


Red Star Macalline Group EBIT Related Terms

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Red Star Macalline Group Business Description

Traded in Other Exchanges
Address
No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN
Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments: Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them; Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand; Construction and design segment provides building installation and decorating services in shopping malls. Related home decoration and sales of merchandise segment include retail sales of home furnishing merchandise and providing related decorating services. and Others. All of its revenues are derived from the PRC.
Executives
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Alibaba Investment Limited 2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund Gp, L.p. 2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund, L.p. 2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Gp Limited 2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Investments 4 Limited 2101 Beneficial owner
Taobao China Holding Limited 2101 Beneficial owner
Taobao Holding Limited 2201 Interest of corporation controlled by you
Man Wah Investments Limited 2101 Beneficial owner
Hui Wai Hing 2202 Interest of your spouse
Wong Man Li 2201 Interest of corporation controlled by you
China Lesso Group Holdings Limited 2201 Interest of corporation controlled by you
Fuhui Capital Investment Limited 2101 Beneficial owner
New Fortune Star Limited 2201 Interest of corporation controlled by you

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