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Shanghai Realway Capital Assets Management Co (HKSE:01835) EBIT : HK$-23.05 Mil (TTM As of Jun. 2024)


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What is Shanghai Realway Capital Assets Management Co EBIT?

Shanghai Realway Capital Assets Management Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-2.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-23.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Realway Capital Assets Management Co's annualized ROC % for the quarter that ended in Jun. 2024 was -2.15%. Shanghai Realway Capital Assets Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -9.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Realway Capital Assets Management Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -16.87%.


Shanghai Realway Capital Assets Management Co EBIT Historical Data

The historical data trend for Shanghai Realway Capital Assets Management 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.

Shanghai Realway Capital Assets Management Co EBIT Chart

Shanghai Realway Capital Assets Management Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 13.50 10.51 -50.40 -34.63 -52.90

Shanghai Realway Capital Assets Management Co Semi-Annual Data
Dec15 Dec16 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 -12.64 -22.59 -32.07 -20.83 -2.22

Competitive Comparison of Shanghai Realway Capital Assets Management Co's EBIT

For the Asset Management subindustry, Shanghai Realway Capital Assets Management 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.


Shanghai Realway Capital Assets Management Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shanghai Realway Capital Assets Management Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Realway Capital Assets Management Co's EV-to-EBIT falls into.



Shanghai Realway Capital Assets Management 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$-23.05 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.


Shanghai Realway Capital Assets Management Co  (HKSE:01835) EBIT Explanation

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

Shanghai Realway Capital Assets Management 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 )
=-3.498 * ( 1 - 0.48% )/( (163.404 + 159.72)/ 2 )
=-3.4812096/161.562
=-2.15 %

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))
=365.486 - 38.613 - ( 163.469 - max(0, 61.959 - 262.239+163.469))
=163.404

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:

Shanghai Realway Capital Assets Management 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 )
=-4.436/( ( (7.821 + max(30.35, 0)) + (6.352 + max(48.221, 0)) )/ 2 )
=-4.436/( ( 38.171 + 54.573 )/ 2 )
=-4.436/46.372
=-9.57 %

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)
=(71.027 + 0 + 2.604) - (38.613 + 0 + 4.668)
=30.35

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(76.784 + 0 + 1.242) - (26.186 + 0 + 3.619)
=48.221

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:

Shanghai Realway Capital Assets Management Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-23.045/136.588
=-16.87 %

* 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.


Shanghai Realway Capital Assets Management Co EBIT Related Terms

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Shanghai Realway Capital Assets Management Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1198 Century Avenue, Unit 706-707, 7th Floor, Century Link Tower 1, Pudong New District, Shanghai, CHN, 200122
Shanghai Realway Capital Assets Management Co Ltd is an asset management company. It is a private fund manager specialising in the management of real estate and distressed asset investment funds in the PRC. The company manages two broad types of funds, namely fund(s) structured and managed for the purpose of directly investing in a specific real estate investment project and distressed asset project (Project Fund(s)); and flexible funds structured and managed, or co-managed, by the group which may invest in designated types of funds under the group's portfolio instead of making direct investment into investment projects and are permitted to invest in multiple investment projects indirectly through a number of funds at the same time (FOF(s)).
Executives
Zhu Lei 2101 Beneficial owner
Sun Jinyong 2101 Beneficial owner
Dai Yanmin 2101 Beneficial owner
Great Rainbow Investment Fund Series Spc (acting For And On Behalf Of Great Rainbow Series 1 Sp) 2101 Beneficial owner
Wu Jie
Yao Peifang
Gao Yue 2101 Beneficial owner
Yin Bo 2101 Beneficial owner
Wang Qiong 2101 Beneficial owner
Zhong Guo Guang Da Ji Tuan Gu Fen Gong Si
Wang Youlin 2101 Beneficial owner
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