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Autostreets Development (HKSE:02443) EBIT : HK$-89.6 Mil (TTM As of Jun. 2024)


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What is Autostreets Development EBIT?

Autostreets Development's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-142.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-89.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Autostreets Development's annualized ROC % for the quarter that ended in Jun. 2024 was 6.60%. Autostreets Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -343.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Autostreets Development's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.00%.


Autostreets Development EBIT Historical Data

The historical data trend for Autostreets Development'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.

Autostreets Development EBIT Chart

Autostreets Development Annual Data
Trend Dec21 Dec22 Dec23
EBIT
285.06 118.31 26.02

Autostreets Development Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
EBIT - - -26.93 52.95 -142.59

Competitive Comparison of Autostreets Development's EBIT

For the Auto & Truck Dealerships subindustry, Autostreets Development'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.


Autostreets Development's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autostreets Development's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Autostreets Development's EV-to-EBIT falls into.


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Autostreets Development 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$-89.6 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.


Autostreets Development  (HKSE:02443) EBIT Explanation

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

Autostreets Development'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 )
=14.842 * ( 1 - -4.79% )/( (258.374 + 212.846)/ 2 )
=15.5529318/235.61
=6.60 %

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))
=1254.262 - 208.949 - ( 1026.994 - max(0, 356.496 - 1143.435+1026.994))
=258.374

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))
=1268.035 - 141.877 - ( 1042.094 - max(0, 249.696 - 1163.008+1042.094))
=212.846

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:

Autostreets Development'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 )
=-285.178/( ( (85.365 + max(-246.496, 0)) + (80.731 + max(-115.651, 0)) )/ 2 )
=-285.178/( ( 85.365 + 80.731 )/ 2 )
=-285.178/83.048
=-343.39 %

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)
=(17.815 + 0 + -0.00099999999997635) - (208.949 + 0 + 55.361)
=-246.496

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.226 + 0 + 0) - (141.877 + 0 + -2.8421709430404E-14)
=-115.651

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:

Autostreets Development's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-89.641/2240.415
=-4.00 %

* 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.


Autostreets Development EBIT Related Terms

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Autostreets Development Business Description

Traded in Other Exchanges
N/A
Address
Zhenbei Road, No. 2251, 6th Floor, Kailong Center, Putuo District, Shanghai, CHN
Autostreets Development Ltd is engaged in used vehicle transaction service provider. It connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. It had 79 auction sites located in 74 cities and offered offline services in 317 cities across China. It generates all of its revenues from PRC China.
Executives
Guang Hui Qi Che Fu Wu Ji Tuan Gu Fen Gong Si Guang Hui Qi Che Fu Wu Gu Fen Gong Si 2201 Interest of corporation controlled by you
World Key Investment Trading Limited 2101 Beneficial owner
Yang Hansong 2201 Interest of corporation controlled by you
Yang Aihua 2307 Founder of a discretionary trust who can infl
Extensive Prosperous Investments Limited 2101 Beneficial owner
Extensive Success Holding Limited 2201 Interest of corporation controlled by you
Orient Rich Investment Development Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Han Zhuoheng 2201 Interest of corporation controlled by you
Zhuoheng Holding Limited 2101 Beneficial owner
China Grand Automotive Services Group Co., Ltd. 2201 Interest of corporation controlled by you
Cox Automotive, Inc. 2201 Interest of corporation controlled by you
Cox Enterprises, Inc. 2201 Interest of corporation controlled by you
Manheim Investments, Inc. 2101 Beneficial owner

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