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Greentown China Holdings (HKSE:03900) EBIT : HK$13,826 Mil (TTM As of Dec. 2023)


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What is Greentown China Holdings EBIT?

Greentown China Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$4,381 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$13,826 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greentown China Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 0.88%. Greentown China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greentown China Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.79%.


Greentown China Holdings EBIT Historical Data

The historical data trend for Greentown China 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.

Greentown China Holdings EBIT Chart

Greentown China Holdings 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 12,823.32 15,389.28 18,188.08 17,850.63 13,826.12

Greentown China 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 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 Premium Member Only Premium Member Only 9,311.08 10,665.94 7,689.54 9,444.68 4,381.45

Competitive Comparison of Greentown China Holdings's EBIT

For the Real Estate - Development subindustry, Greentown China 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.


Greentown China Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Greentown China Holdings's EV-to-EBIT falls into.



Greentown China 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$13,826 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.


Greentown China Holdings  (HKSE:03900) EBIT Explanation

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

Greentown China 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 )
=4318.418 * ( 1 - 20.83% )/( (391075.407 + 388532.065)/ 2 )
=3418.8915306/389803.736
=0.88 %

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))
=594718.183 - 132160.325 - ( 71482.451 - max(0, 352728.448 - 513274.822+71482.451))
=391075.407

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))
=585759.035 - 120880.452 - ( 76346.518 - max(0, 331686.346 - 507213.13+76346.518))
=388532.065

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:

Greentown China 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 )
=8762.908/( ( (12675.046 + max(24596.895, 0)) + (13266.02 + max(46276.286, 0)) )/ 2 )
=8762.908/( ( 37271.941 + 59542.306 )/ 2 )
=8762.908/48407.1235
=18.10 %

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)
=(1899.676 + 314660.338 + 27738.59) - (132160.325 + 0 + 187541.384)
=24596.895

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2200.554 + 313381.975 + 26677.393) - (120880.452 + 0 + 175103.184)
=46276.286

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:

Greentown China Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=13826.137/100257.249
=13.79 %

* 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.


Greentown China Holdings EBIT Related Terms

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Greentown China Holdings (HKSE:03900) Business Description

Traded in Other Exchanges
Address
No. 1 Hangda Road, 10th Floor, Block A, Dragon Century Plaza, Zhejiang, Hangzhou, CHN, 310007
Greentown China Holdings Ltd, or Greentown, is a China property developer headquartered in Hangzhou. Founded by Song Weiping, the company listed on the Hong Kong Stock Exchange in 2006. Predominantly a property developer is known for high-end residential projects with landbank geographically focused in Zhejiang and the Bohai Rim, Greentown is also noted for being one of the first developers to embark on the asset-light construction management model to generate development fee income from third-party construction and project management services. In June 2012, Wharf entered as a strategic shareholder of the company.
Executives
China Communications Construction Group Limited 2201 Interest of corporation controlled by you
Xiang Gang Xin Hu Tou Zi You Xian Gong Si 2101 Beneficial owner
Zhe Jiang Xin Hu Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Xin Hu Zhong Bao Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Li Ping 2202 Interest of your spouse
Huang Wei 2201 Interest of corporation controlled by you
Song Weiping
Cccg Holding (hk) Limited 2101 Beneficial owner
Wheelock And Company Limited 2201 Interest of corporation controlled by you
The Wharf (holdings) Limited 2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited 2301 Trustee
Ever Step Holdings Limited 2201 Interest of corporation controlled by you
First Pioneer Holdings Limited 2201 Interest of corporation controlled by you
King Focus International Limited 2201 Interest of corporation controlled by you
Ping An Securities Group (holdings) Limited 2201 Interest of corporation controlled by you

Greentown China Holdings (HKSE:03900) Headlines

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