Sansheng Holdings (Group) Co (HKSE:02183) EBIT : HK$1,451 Mil (TTM As of Dec. 2021)

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What is Sansheng Holdings (Group) Co EBIT?

Sansheng Holdings (Group) Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2021 was HK$624 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was HK$1,451 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sansheng Holdings (Group) Co's annualized ROC % for the quarter that ended in Dec. 2021 was 0.05%. Sansheng Holdings (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 10.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sansheng Holdings (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 10.85%.

Sansheng Holdings (Group) Co EBIT Historical Data

The historical data trend for Sansheng Holdings (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.

Sansheng Holdings (Group) Co EBIT Chart

Sansheng Holdings (Group) Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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29.40

-17.92

380.83

2,074.15

1,462.13

Sansheng Holdings (Group) Co Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
EBIT	Get a 7-Day Free Trial															449.83	451.01	1,585.62	826.64	624.25

Competitive Comparison of Sansheng Holdings (Group) Co's EBIT

For the Real Estate - Development subindustry, Sansheng Holdings (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.

Sansheng Holdings (Group) Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sansheng Holdings (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sansheng Holdings (Group) Co's EV-to-EBIT falls into.

Sansheng Holdings (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 Dec. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,451 Mil.

Sansheng Holdings (Group) Co (HKSE:02183) EBIT Explanation

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

Sansheng Holdings (Group) Co's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

	ROC % (Q: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Dec. 2021 ))	/ count )
=	877.522 * ( 1 - 97.08% )	/	( (52928.018	+	57337.658)	/ 2 )
=	25.6236424	/	55132.838
=	0.05 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	72588.947	-	9820.808	-	( 9840.121	-	max(0, 46299.92	-	66199.745	+	9840.121	))
=	52928.018

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	73794.682	-	11165.772	-	( 5291.252	-	max(0, 52141.769	-	68288.21	+	5291.252	))
=	57337.658

Note: The Operating Income data used here is two times the semi-annual (Dec. 2021) data.

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

Sansheng Holdings (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Dec. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1248.506	/	( ( (1140.32 + max(11232.625, 0))	+	(1165.99 + max(9759.883, 0)) )	/	2 )
=	1248.506	/	( ( 12372.945	+	10925.873 )	/	2 )
=	1248.506	/	11649.409
=	10.72 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(158.382	+	48073.823	+	2743.575)	-	(9820.808	+	0	+	29922.347)
=	11232.625

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(324.545	+	49378.663	+	6420.851)	-	(11165.772	+	0	+	35198.404)
=	9759.883

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2021 )
	=	1450.894	/	13369.862
	=	10.85 %

Sansheng Holdings (Group) Co EBIT Related Terms

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Sansheng Holdings (Group) Co (HKSE:02183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sansheng Holdings (Group) Co Ltd (HKSE:02183) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

The Gateway Tower 6, Room 3207, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.sansheng.hk

Sansheng Holdings (Group) Co Ltd together with its subsidiaries is engaged in property development and sale, and property investment. Its portfolio includes commercial or non-residential properties. It has a geographical presence in Hong Kong and China. The company's revenue mainly derived from sales of properties, with a small proportion from investment properties rental income.

Executives

Mega Regal Limited	2101 Beneficial owner
Cheng Xuan	2202 Interest of your spouse
Lin Rongbin	2201 Interest of corporation controlled by you
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Springboard Holdings Limited	2101 Beneficial owner
Lau Luen Hung, Thomas	2201 Interest of corporation controlled by you
Dong Xing Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Xing Zheng Quan Xiang Gang Jin Rong Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
Modern Times Development Limited	2201 Interest of corporation controlled by you

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