Top Spring International Holdings (HKSE:03688) EBIT : HK$-532.3 Mil (TTM As of Dec. 2023)

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What is Top Spring International Holdings EBIT?

Top Spring International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-700.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-532.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Top Spring International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -6.18%. Top Spring International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -22.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Top Spring International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.42%.

Top Spring International Holdings EBIT Historical Data

The historical data trend for Top Spring International 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.

Top Spring International Holdings EBIT Chart

Top Spring International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-130.89

-60.71

471.29

224.91

-532.26

Top Spring International 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															151.35	300.47	-75.56	168.03	-700.29

Competitive Comparison of Top Spring International Holdings's EBIT

For the Real Estate - Development subindustry, Top Spring International 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.

Top Spring International Holdings's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Top Spring International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Top Spring International Holdings's EV-to-EBIT falls into.

Top Spring International 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$-532.3 Mil.

Top Spring International Holdings (HKSE:03688) EBIT Explanation

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

Top Spring International 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 )
=	-1015.33 * ( 1 - -1.23% )	/	( (17027.851	+	16209.616)	/ 2 )
=	-1027.818559	/	16618.7335
=	-6.18 %

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	))
=	21021.014	-	3077.98	-	( 915.183	-	max(0, 6063.774	-	11013.781	+	915.183	))
=	17027.851

	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	))
=	20040.867	-	3163.222	-	( 668.029	-	max(0, 6621.975	-	9963.83	+	668.029	))
=	16209.616

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:

Top Spring International 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 )
=	-1400.578	/	( ( (167.338 + max(6603.955, 0))	+	(138.126 + max(5797.106, 0)) )	/	2 )
=	-1400.578	/	( ( 6771.293	+	5935.232 )	/	2 )
=	-1400.578	/	6353.2625
=	-22.05 %

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)
=	(74.918	+	6940.998	+	2779.918)	-	(3077.98	+	0	+	113.899)
=	6603.955

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(56.612	+	6300.247	+	2750.243)	-	(3163.222	+	0	+	146.774)
=	5797.106

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:

Top Spring International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-532.263	/	7172.262
	=	-7.42 %

Top Spring International Holdings EBIT Related Terms

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Top Spring International Holdings (HKSE:03688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Top Spring International Holdings Ltd (HKSE:03688) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Rooms 04-08, 26th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.topspring.com

Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically company has a presence in China, Hong Kong, and Australia, with key revenue coming from China.

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