Tianjin Construction Development Group Co (HKSE:02515) EBIT : HK$42.2 Mil (TTM As of Jun. 2024)

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What is Tianjin Construction Development Group Co EBIT?

Tianjin Construction Development Group Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$13.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$42.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tianjin Construction Development Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was 3.42%. Tianjin Construction Development Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 51.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tianjin Construction Development Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 42.70%.

Tianjin Construction Development Group Co EBIT Historical Data

The historical data trend for Tianjin Construction Development 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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Tianjin Construction Development Group Co EBIT Chart

Tianjin Construction Development Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

9.03

58.31

43.75

51.75

Tianjin Construction Development Group Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			2.30	41.56	23.16	28.59	13.60

Competitive Comparison of Tianjin Construction Development Group Co's EBIT

For the Engineering & Construction subindustry, Tianjin Construction Development 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.

Tianjin Construction Development Group Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tianjin Construction Development Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tianjin Construction Development Group Co's EV-to-EBIT falls into.

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Tianjin Construction Development 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$42.2 Mil.

Tianjin Construction Development Group Co (HKSE:02515) EBIT Explanation

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

Tianjin Construction Development 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 )
=	11.926 * ( 1 - 12.04% )	/	( (263.733	+	348.981)	/ 2 )
=	10.4901096	/	306.357
=	3.42 %

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	))
=	608.603	-	337.846	-	( 7.024	-	max(0, 362.143	-	537.404	+	7.024	))
=	263.733

	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	))
=	658.697	-	251.418	-	( 58.298	-	max(0, 309.021	-	586.477	+	58.298	))
=	348.981

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:

Tianjin Construction Development 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 )
=	27.208	/	( ( (49.931 + max(-79.181, 0))	+	(52.507 + max(2.4799999999998, 0)) )	/	2 )
=	27.208	/	( ( 49.931	+	54.987 )	/	2 )
=	27.208	/	52.459
=	51.87 %

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)
=	(254.3	+	0.308	+	6.39)	-	(337.846	+	0	+	2.333)
=	-79.181

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(246.94	+	0.152	+	9.8649999999999)	-	(251.418	+	0	+	3.059)
=	2.4799999999998

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:

Tianjin Construction Development Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	42.194	/	98.807
	=	42.70 %

Tianjin Construction Development Group Co EBIT Related Terms

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Tianjin Construction Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tianjin Construction Development Group Co Ltd (HKSE:02515) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 112 Dongting Road, Economic and Technological Development Zone, Binhai New Area, Tianjin, CHN

Website

https://www.tjcdg.com

Tianjin Construction Development Group Co Ltd is a construction group based in Tianjin that offers comprehensive construction services. It is engaged in the construction business and strove to provide high-quality construction services to its customers by leveraging its self-developed Jiexiao System, a comprehensive construction project management software equipped with multiple functions including cost monitoring, progress measuring and resources tracking.

Executives

Huatai Securities Co., Ltd.

2201 Interest of corporation controlled by you

Tianjin Construction Development Group Co Headlines

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