GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Everbright Grand China Assets Ltd (HKSE:03699) » Definitions » EBIT

Everbright Grand China Assets (HKSE:03699) EBIT : HK$28.80 Mil (TTM As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is Everbright Grand China Assets EBIT?

Everbright Grand China Assets's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$9.96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$28.80 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Everbright Grand China Assets's annualized ROC % for the quarter that ended in Dec. 2023 was 0.85%. Everbright Grand China Assets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 577.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Everbright Grand China Assets's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -59.58%.


Everbright Grand China Assets EBIT Historical Data

The historical data trend for Everbright Grand China Assets'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.

Everbright Grand China Assets EBIT Chart

Everbright Grand China Assets Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.73 55.45 54.26 32.42 28.80

Everbright Grand China Assets Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.22 19.34 14.00 18.84 9.96

Competitive Comparison of Everbright Grand China Assets's EBIT

For the Real Estate Services subindustry, Everbright Grand China Assets'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.


Everbright Grand China Assets's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Everbright Grand China Assets's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Everbright Grand China Assets's EV-to-EBIT falls into.



Everbright Grand China Assets 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$28.80 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.


Everbright Grand China Assets  (HKSE:03699) EBIT Explanation

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

Everbright Grand China Assets'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 )
=13.918 * ( 1 - 34.66% )/( (1072.091 + 1072.495)/ 2 )
=9.0940212/1072.293
=0.85 %

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))
=1313.527 - 17.452 - ( 244.987 - max(0, 35.864 - 259.848+244.987))
=1072.091

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:

Everbright Grand China Assets'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 )
=19.918/( ( (3.666 + max(-22.922, 0)) + (3.234 + max(-19.247, 0)) )/ 2 )
=19.918/( ( 3.666 + 3.234 )/ 2 )
=19.918/3.45
=577.33 %

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)
=(11.609 + 0 + 0) - (17.452 + 0 + 17.079)
=-22.922

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.649 + 0 + -2.8421709430404E-14) - (8.896 + 0 + 18)
=-19.247

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:

Everbright Grand China Assets's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=28.803/-48.345
=-59.58 %

* 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.


Everbright Grand China Assets EBIT Related Terms

Thank you for viewing the detailed overview of Everbright Grand China Assets's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Everbright Grand China Assets (HKSE:03699) Business Description

Traded in Other Exchanges
N/A
Address
56 Gloucester Road, Room 1302, 13th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG
Everbright Grand China Assets Ltd is a property management company engaged in property leasing, provision of property management services, and sales of properties held for sale. The Group's leasing properties are located in Chengdu, Sichuan province, and Kunming, Yunnan province in the PRC.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Zhong Guo Guang Da Ji Tuan Gu Fen Gong Si 2201 Interest of corporation controlled by you
Top Charm Investments Limited 2101 Beneficial owner
Guo Ji Yong Nian You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Guang Da Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cai Lian Tou Zi You Xian Gong Si 2101 Beneficial owner

Everbright Grand China Assets (HKSE:03699) Headlines

No Headlines