Overseas Chinese Town (Asia) Holdings (HKSE:03366) EBIT : HK$-261 Mil (TTM As of Dec. 2023)

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What is Overseas Chinese Town (Asia) Holdings EBIT?

Overseas Chinese Town (Asia) Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-261 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Overseas Chinese Town (Asia) Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -1.05%. Overseas Chinese Town (Asia) Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Overseas Chinese Town (Asia) Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.56%.

Overseas Chinese Town (Asia) Holdings EBIT Historical Data

The historical data trend for Overseas Chinese Town (Asia) Holdings'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.

Overseas Chinese Town (Asia) Holdings EBIT Chart

Overseas Chinese Town (Asia) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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971.27

307.93

-848.48

-1,952.45

-261.01

Overseas Chinese Town (Asia) Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-905.75	-76.82	-1,879.26	-176.19	-84.82

Competitive Comparison of Overseas Chinese Town (Asia) Holdings's EBIT

For the Real Estate - Development subindustry, Overseas Chinese Town (Asia) Holdings'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.

Overseas Chinese Town (Asia) Holdings's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Overseas Chinese Town (Asia) Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Overseas Chinese Town (Asia) Holdings's EV-to-EBIT falls into.

Overseas Chinese Town (Asia) Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-261 Mil.

Overseas Chinese Town (Asia) Holdings (HKSE:03366) EBIT Explanation

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

Overseas Chinese Town (Asia) Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-197.668 * ( 1 - -0.17% )	/	( (20652.73	+	16931.755)	/ 2 )
=	-198.0040356	/	18792.2425
=	-1.05 %

where

	Invested Capital		(Q: Jun. 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	))
=	26350.192	-	3533.73	-	( 2163.732	-	max(0, 16309.787	-	20032.393	+	2163.732	))
=	20652.73

	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	))
=	25082.105	-	5462.569	-	( 2687.781	-	max(0, 13000.066	-	20529.084	+	2687.781	))
=	16931.755

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Overseas Chinese Town (Asia) Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-169.634	/	( ( (2409.736 + max(10773.76, 0))	+	(815.455 + max(9434.779, 0)) )	/	2 )
=	-169.634	/	( ( 13183.496	+	10250.234 )	/	2 )
=	-169.634	/	11716.865
=	-1.45 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.326	+	14691.724	+	3086.581)	-	(3533.73	+	0	+	3482.141)
=	10773.76

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.613	+	13577.665	+	4136.485)	-	(5462.569	+	0	+	2877.415)
=	9434.779

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Overseas Chinese Town (Asia) Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-261.008	/	10192.908
	=	-2.56 %

Overseas Chinese Town (Asia) Holdings EBIT Related Terms

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Overseas Chinese Town (Asia) Holdings (HKSE:03366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Overseas Chinese Town (Asia) Holdings Ltd (HKSE:03366) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

1 Garden Road, 59th Floor, Bank of China Tower, Hong Kong, HKG

Website

https://www.oct-asia.com

Overseas Chinese Town (Asia) Holdings Ltd is an investment holding company. It operates its business through three segments. The Comprehensive Development Business segment which drives the majority of revenue is engaged in the development and operation of the tourism theme park, the development, and sales of residential properties, and the development and management of properties; Equity investment and fund business segment engage in the investment in new urbanization industrial ecospheres, such as domestic and overseas direct investments, industrial funds, and education. The Finance lease business segment engages in the finance lease business. It generates the majority of its revenue from Mainland China.

Executives

Pacific Climax Limited	2101 Beneficial owner
Shen Zhen Hua Qiao Cheng Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Qiao Cheng Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Hua Qiao Cheng You Xian Gong Si	2201 Interest of corporation controlled by you

Overseas Chinese Town (Asia) Holdings (HKSE:03366) Headlines

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