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Ronshine Service Holding Co (HKSE:02207) EBIT : HK$18.5 Mil (TTM As of Dec. 2023)


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What is Ronshine Service Holding Co EBIT?

Ronshine Service Holding Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-1.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$18.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ronshine Service Holding Co's annualized ROC % for the quarter that ended in Dec. 2023 was 48.33%. Ronshine Service Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -25.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ronshine Service Holding Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.71%.


Ronshine Service Holding Co EBIT Historical Data

The historical data trend for Ronshine Service Holding 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.

Ronshine Service Holding Co EBIT Chart

Ronshine Service Holding Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 110.33 144.81 206.92 30.20 18.47

Ronshine Service Holding Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.05 56.02 -23.16 20.41 -1.94

Competitive Comparison of Ronshine Service Holding Co's EBIT

For the Real Estate Services subindustry, Ronshine Service Holding 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.


Ronshine Service Holding Co's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Ronshine Service Holding Co's EV-to-EBIT falls into.



Ronshine Service Holding 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$18.5 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.


Ronshine Service Holding Co  (HKSE:02207) EBIT Explanation

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

Ronshine Service Holding Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=101.704 * ( 1 - -8.38% )/( (205.303 + 250.858)/ 2 )
=110.2267952/228.0805
=48.33 %

where

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))
=1327.147 - 391.919 - ( 729.925 - max(0, 542.428 - 1278.703+729.925))
=205.303

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))
=1419.769 - 446.952 - ( 822.306 - max(0, 638.03 - 1359.989+822.306))
=250.858

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

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

Ronshine Service Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.888/( ( (16.342 + max(-161.097, 0)) + (13.632 + max(-253.057, 0)) )/ 2 )
=-3.888/( ( 16.342 + 13.632 )/ 2 )
=-3.888/14.987
=-25.94 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(360.734 + 0.943 + 16.412) - (391.919 + 0 + 147.267)
=-161.097

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(370.856 + 1.901 + 9.6300000000001) - (446.952 + 0 + 188.492)
=-253.057

When net working capital is negative, 0 is used.

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

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

Ronshine Service Holding Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=18.467/-392.491
=-4.71 %

* 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.


Ronshine Service Holding Co EBIT Related Terms

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Ronshine Service Holding Co (HKSE:02207) Business Description

Traded in Other Exchanges
N/A
Address
Lane 226 Panyang Road, Room 401-3, Building No. 6, Minhang District, Shanghai, CHN
Ronshine Service Holding Co Ltd is principally engaged in the provision of property management services and related value-added services, including pre-delivery services, household assistance services, sales services, and other services in China. The company derives a majority of its revenue from the People's Republic of China.
Executives
Ou Zonghong 2307 Founder of a discretionary trust who can infl
Hsbc International Trustee Limited 2301 Trustee
Rongan Juxiang Co., Ltd 2201 Interest of corporation controlled by you
Rongxin Yipin Co., Ltd 2101 Beneficial owner
Fumei International Co., Ltd 2101 Beneficial owner

Ronshine Service Holding Co (HKSE:02207) Headlines

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