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PICC Property and Casualty Co (HKSE:02328) EBIT : HK$29,313 Mil (TTM As of Jun. 2024)


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What is PICC Property and Casualty Co EBIT?

PICC Property and Casualty Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$23,939 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$29,313 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PICC Property and Casualty Co's annualized ROC % for the quarter that ended in Jun. 2024 was 5.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PICC Property and Casualty Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.61%.


PICC Property and Casualty Co EBIT Historical Data

The historical data trend for PICC Property and Casualty 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.

PICC Property and Casualty Co EBIT Chart

PICC Property and Casualty Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28,005.71 31,002.62 33,567.55 39,112.93 31,923.03

PICC Property and Casualty Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27,142.25 13,255.40 26,549.34 5,373.74 23,939.10

Competitive Comparison of PICC Property and Casualty Co's EBIT

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty 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.


PICC Property and Casualty Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PICC Property and Casualty Co's EV-to-EBIT falls into.


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PICC Property and Casualty 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$29,313 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.


PICC Property and Casualty Co  (HKSE:02328) EBIT Explanation

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

PICC Property and Casualty Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=47878.194 * ( 1 - 14.59% )/( (733508.6294 + 746617.6233)/ 2 )
=40892.7654954/740063.12635
=5.53 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=769607.981 - 34466.066 - ( 13431.605 - 5% * 235966.388 )
=733508.6294

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=793023.914 - 45187.913 - ( 13924.013 - 5% * 254112.706 )
=746617.6233

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

PICC Property and Casualty Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=29312.833/340422.082
=8.61 %

* 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.


PICC Property and Casualty Co EBIT Related Terms

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PICC Property and Casualty Co Business Description

Traded in Other Exchanges
Address
Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022
With headquarters in Beijing, PICC P&C is China's largest nonlife insurer, commanding nearly 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.
Executives
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