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Kangqiao Service Group (HKSE:02205) EBIT : HK$74 Mil (TTM As of Jun. 2024)


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What is Kangqiao Service Group EBIT?

Kangqiao Service Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$74 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kangqiao Service Group's annualized ROC % for the quarter that ended in Jun. 2024 was 18.94%. Kangqiao Service Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 86.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kangqiao Service Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 48.02%.


Kangqiao Service Group EBIT Historical Data

The historical data trend for Kangqiao Service 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.

Kangqiao Service Group EBIT Chart

Kangqiao Service Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 95.90 171.90 157.41 93.90 80.29

Kangqiao Service Group Semi-Annual Data
Dec18 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 82.33 15.47 82.31 -2.03 75.67

Competitive Comparison of Kangqiao Service Group's EBIT

For the Real Estate Services subindustry, Kangqiao Service 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.


Kangqiao Service Group's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Kangqiao Service Group's EV-to-EBIT falls into.


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Kangqiao Service 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 semi-annually data reported by the company within the most recent 12 months, which was HK$74 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.


Kangqiao Service Group  (HKSE:02205) EBIT Explanation

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

Kangqiao Service 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: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=174.074 * ( 1 - 23.01% )/( (676.521 + 738.806)/ 2 )
=134.0195726/707.6635
=18.94 %

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))
=1369.822 - 304.261 - ( 389.04 - max(0, 519.863 - 1169.454+389.04))
=676.521

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))
=1464.656 - 354.378 - ( 371.472 - max(0, 618.356 - 1243.146+371.472))
=738.806

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:

Kangqiao Service 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: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=151.336/( ( (15.217 + max(165.568, 0)) + (19.228 + max(149.888, 0)) )/ 2 )
=151.336/( ( 180.785 + 169.116 )/ 2 )
=151.336/174.9505
=86.50 %

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)
=(595.247 + 15.216 + 67.116) - (304.261 + 0 + 207.75)
=165.568

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(670.833 + 21.366 + 66.998) - (354.378 + 0 + 254.931)
=149.888

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:

Kangqiao Service Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=73.642/153.358
=48.02 %

* 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.


Kangqiao Service Group EBIT Related Terms

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Kangqiao Service Group Business Description

Traded in Other Exchanges
N/A
Address
Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN
Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.
Executives
Dong Yanxia
Hung Fai Property Limited
Trident Trust Company (south Dakota) Inc.
Song Gewei
Kang Qiao Yue Sheng Huo Kong Gu You Xian Gong Si

Kangqiao Service Group Headlines

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