Greentown Service Group Co (HKSE:02869) EBIT : HK$1,243 Mil (TTM As of Jun. 2024)

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What is Greentown Service Group Co EBIT?

Greentown Service Group Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$803 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1,243 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greentown Service Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was 11.15%. Greentown Service Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 75.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greentown Service Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.45%.

Greentown Service Group Co EBIT Historical Data

The historical data trend for Greentown Service 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.

* Premium members only.

Greentown Service Group Co EBIT Chart

Greentown Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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751.18

1,247.61

1,524.98

1,060.26

1,149.09

Greentown Service Group 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															624.79	465.04	709.63	439.46	803.17

Competitive Comparison of Greentown Service Group Co's EBIT

For the Real Estate Services subindustry, Greentown Service 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.

Greentown Service Group Co's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Greentown Service 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$1,243 Mil.

Greentown Service Group Co (HKSE:02869) EBIT Explanation

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

Greentown Service 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 )
=	1554.624 * ( 1 - 26.06% )	/	( (10204.867	+	10416.978)	/ 2 )
=	1149.4889856	/	10310.9225
=	11.15 %

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	))
=	19777.348	-	5684.986	-	( 6223.348	-	max(0, 9360.04	-	13247.535	+	6223.348	))
=	10204.867

	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	))
=	19967.748	-	6003.894	-	( 5078.472	-	max(0, 9768.968	-	13315.844	+	5078.472	))
=	10416.978

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:

Greentown Service 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 )
=	1606.34	/	( ( (2158.945 + max(-1703.449, 0))	+	(2111.672 + max(-1367.885, 0)) )	/	2 )
=	1606.34	/	( ( 2158.945	+	2111.672 )	/	2 )
=	1606.34	/	2135.3085
=	75.23 %

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)
=	(5517.932	+	736.976	+	769.279)	-	(5684.986	+	0	+	3042.65)
=	-1703.449

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5899.675	+	691.805	+	1186.284)	-	(6003.894	+	0	+	3141.755)
=	-1367.885

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	1242.626	/	9237.447
	=	13.45 %

Greentown Service Group Co EBIT Related Terms

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Greentown Service Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Service Group Co Ltd (HKSE:02869) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN

Website

https://www.lvchengfuwu.com

Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2023. China property developer Longfor Group holds around 9% equity interest in GSG.

Executives

Lily International Investment Company Limited
Orchid Garden Investment Company Limited
Osmanthus Garden Investment Company Limited
Shenalan International Investment Company Limited
Ju Jianhua
Li Hairong
Lilac International Investment Company Limited
Song Weiping
Xia Yibo
Shou Bainian
Yiheng Capital, Llc
Longfor Group Holdings Ltd

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