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China SCE Group Holdings (HKSE:01966) EBIT : HK$-7,349 Mil (TTM As of Jun. 2023)


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What is China SCE Group Holdings EBIT?

China SCE Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was HK$-653 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-7,349 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China SCE Group Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was 0.20%. China SCE Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -155.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China SCE Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -21.38%.


China SCE Group Holdings EBIT Historical Data

The historical data trend for China SCE Group 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.

China SCE Group Holdings EBIT Chart

China SCE Group Holdings 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 7,102.04 8,589.43 8,034.76 1,943.70 -7,349.40

China SCE Group Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2,606.28 3,049.27 -961.24 -653.25 -6,696.16

Competitive Comparison of China SCE Group Holdings's EBIT

For the Real Estate - Development subindustry, China SCE Group 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.


China SCE Group Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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



China SCE Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-7,349 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 SCE Group Holdings  (HKSE:01966) EBIT Explanation

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

China SCE Group Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=367.824 * ( 1 - 2.76% )/( (176359.155 + 172675.14)/ 2 )
=357.6720576/174517.1475
=0.20 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=216602.53 - 29598.217 - ( 10665.66 - max(0, 138082.768 - 148727.926+10665.66))
=176359.155

Invested Capital(Q: Jun. 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))
=208204.783 - 33735.785 - ( 10018.763 - max(0, 141305.772 - 143099.63+10018.763))
=172675.14

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

China SCE Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1306.492/( ( (866.283 + max(-2842.166, 0)) + (811.296 + max(-14378.729, 0)) )/ 2 )
=-1306.492/( ( 866.283 + 811.296 )/ 2 )
=-1306.492/838.7895
=-155.76 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(520.78 + 108897.268 + 9403.715) - (29598.217 + 0 + 92065.712)
=-2842.166

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(407.447 + 105280.357 + 7571.176) - (33735.785 + 0 + 93901.924)
=-14378.729

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-7349.404/34380.579
=-21.38 %

* 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 SCE Group Holdings EBIT Related Terms

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China SCE Group Holdings (HKSE:01966) Business Description

Traded in Other Exchanges
Address
No. 2, Lane 1688, Shenchang Road, SCE Tower, Hongqiao Business District, Shanghai, CHN
China SCE Group Holdings Ltd is engaged in property development, commercial management, property management and long-term rental apartments business. The company has a regionally focused development strategy in the Yangtze River Delta Economic Zone, the Bohai Rim Economic Zone, the Guangdong-Hong Kong-Macao Greater Bay Area, the West Taiwan Strait Economic Zone and the Central Western Region. The group has property projects including high-rise residential buildings, offices, shopping malls and long-term rental apartments.
Executives
Wong Chiu Yeung 2201 Interest of corporation controlled by you
Newup Holdings Limited 2101 Beneficial owner
Rising Trade Holdings Limited 2101 Beneficial owner
Wealthy Gate Holdings Limited 2101 Beneficial owner
Chen Yuanlai 2201 Interest of corporation controlled by you
Cheng Hiu Lok 2201 Interest of corporation controlled by you
Keen Century Investments Limited 2101 Beneficial owner
East Waves Investments Limited 2101 Beneficial owner

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