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Changsha Broad Homes Industrial Group Co (HKSE:02163) EBIT : HK$-512 Mil (TTM As of Jun. 2024)


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What is Changsha Broad Homes Industrial Group Co EBIT?

Changsha Broad Homes Industrial Group Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-259 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-512 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changsha Broad Homes Industrial Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was -3.70%. Changsha Broad Homes Industrial Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -11.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changsha Broad Homes Industrial Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -11.92%.


Changsha Broad Homes Industrial Group Co EBIT Historical Data

The historical data trend for Changsha Broad Homes Industrial Group 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.

Changsha Broad Homes Industrial Group Co EBIT Chart

Changsha Broad Homes Industrial Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 905.19 485.85 206.47 -793.79 -308.29

Changsha Broad Homes Industrial Group Co Semi-Annual Data
Dec16 Dec17 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 -314.95 -493.75 -56.06 -252.22 -259.38

Competitive Comparison of Changsha Broad Homes Industrial Group Co's EBIT

For the Engineering & Construction subindustry, Changsha Broad Homes Industrial Group 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.


Changsha Broad Homes Industrial Group Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Changsha Broad Homes Industrial Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changsha Broad Homes Industrial Group Co's EV-to-EBIT falls into.


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Changsha Broad Homes Industrial Group 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$-512 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.


Changsha Broad Homes Industrial Group Co  (HKSE:02163) EBIT Explanation

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

Changsha Broad Homes Industrial Group 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 )
=-319.788 * ( 1 - 1.39% )/( (8914.069 + 8110.424)/ 2 )
=-315.3429468/8512.2465
=-3.70 %

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))
=9495.737 - 1586.443 - ( 413.902 - max(0, 4761.993 - 3757.218+413.902))
=8914.069

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))
=8697.599 - 1454.937 - ( 102.279 - max(0, 4149.028 - 3281.266+102.279))
=8110.424

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:

Changsha Broad Homes Industrial Group 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 )
=-518.754/( ( (2715.616 + max(1667.928, 0)) + (2571.418 + max(1694.607, 0)) )/ 2 )
=-518.754/( ( 4383.544 + 4266.025 )/ 2 )
=-518.754/4324.7845
=-11.99 %

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)
=(2900.82 + 257.782 + 308.591) - (1586.443 + 0 + 212.822)
=1667.928

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2696.667 + 254.062 + 435.82) - (1454.937 + 0 + 237.005)
=1694.607

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:

Changsha Broad Homes Industrial Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-511.601/4292.147
=-11.92 %

* 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.


Changsha Broad Homes Industrial Group Co EBIT Related Terms

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Changsha Broad Homes Industrial Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 248, Yinshuang Road, Yuelu District, Hunan Province, Changsha, CHN
Changsha Broad Homes Industrial Group Co Ltd is involved in the construction industry in China. The business activities of the group are conducted through four segments namely PC unit manufacturing business, Modular Integrated Products Manufacturing, Digital EPC, and PC equipment manufacturing business. PC Unit Manufacturing segment derives revenue from the design, manufacturing, and sale of PC units. Geographically, it generates revenue from China.
Executives
Zhang Jian 2202 Interest of your spouse
Li Richard 2201 Interest of corporation controlled by you
Olp Capital Management Limited 2102 Investment manager
Rcwl Inc. 2201 Interest of corporation controlled by you
Shen Di Fan 2201 Interest of corporation controlled by you
Ubs Group Ag 2201 Interest of corporation controlled by you
Franchise Fund Lp 2101 Beneficial owner
Hu Nan Xiang Jiang Xin Qu Fa Zhan Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Chang Sha Xiang Jiang Zi Chan Guan Li You Xian Gong Si 2305 Beneficiary of a trust
Massachusetts Institute Of Technology 2201 Interest of corporation controlled by you

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