Desun Real Estate Investment Services Group Co (HKSE:02270) EBIT : HK$72.7 Mil (TTM As of Jun. 2024)

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What is Desun Real Estate Investment Services Group Co EBIT?

Desun Real Estate Investment Services Group Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$38.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$72.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Desun Real Estate Investment Services Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was 10.19%. Desun Real Estate Investment Services Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 62.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Desun Real Estate Investment Services Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.51%.

Desun Real Estate Investment Services Group Co EBIT Historical Data

The historical data trend for Desun Real Estate Investment Services 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.

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Desun Real Estate Investment Services Group Co EBIT Chart

Desun Real Estate Investment Services Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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40.94

60.28

49.49

41.55

60.62

Desun Real Estate Investment Services Group Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial					35.31	7.91	26.76	33.86	38.83

Competitive Comparison of Desun Real Estate Investment Services Group Co's EBIT

For the Real Estate Services subindustry, Desun Real Estate Investment Services 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.

Desun Real Estate Investment Services Group Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Desun Real Estate Investment Services Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Desun Real Estate Investment Services Group Co's EV-to-EBIT falls into.

Desun Real Estate Investment Services 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$72.7 Mil.

Desun Real Estate Investment Services Group Co (HKSE:02270) EBIT Explanation

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

Desun Real Estate Investment Services 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 )
=	66.43 * ( 1 - 14.2% )	/	( (554.852	+	563.394)	/ 2 )
=	56.99694	/	559.123
=	10.19 %

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	))
=	924.555	-	169.828	-	( 232.591	-	max(0, 283.644	-	483.519	+	232.591	))
=	554.852

	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	))
=	867.617	-	156.327	-	( 147.896	-	max(0, 270.737	-	443.925	+	147.896	))
=	563.394

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:

Desun Real Estate Investment Services 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 )
=	77.664	/	( ( (108.351 + max(-18.37, 0))	+	(104.292 + max(36.853, 0)) )	/	2 )
=	77.664	/	( ( 108.351	+	141.145 )	/	2 )
=	77.664	/	124.748
=	62.26 %

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)
=	(180.283	+	21.384	+	43.53)	-	(169.828	+	0	+	93.739)
=	-18.37

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(174.759	+	69.07	+	41.611)	-	(156.327	+	0	+	92.26)
=	36.853

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:

Desun Real Estate Investment Services Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	72.695	/	764.520
	=	9.51 %

Desun Real Estate Investment Services Group Co EBIT Related Terms

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Desun Real Estate Investment Services Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Desun Real Estate Investment Services Group Co Ltd (HKSE:02270) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Desun International, Room 1803, Block A, No. 1480 North Section of Tianfu Avenue High-tech, Industrial Development Zone, Chengdu, CHN

Website

http://www.desunhui.com

Desun Real Estate Investment Services Group Co Ltd is principally engaged in the provision of property management services and value-added services to property and non-property owners in China. The company's majority of the revenue is generated in the PRC region.

Executives

Futu Trustee Limited	2301 Trustee
Zou Kang	2101 Beneficial owner
Pengna Holding Limited	2103 Interests held jointly with another person
Sky Donna Holding Limited	2101 Beneficial owner
Zou Jian	2103 Interests held jointly with another person

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