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Evergrande Property Services Group (HKSE:06666) EBIT : HK$1,961 Mil (TTM As of Jun. 2024)


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What is Evergrande Property Services Group EBIT?

Evergrande Property Services Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$772 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1,961 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evergrande Property Services Group's annualized ROC % for the quarter that ended in Jun. 2024 was 20.42%. Evergrande Property Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1,681.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evergrande Property Services Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 30.09%.


Evergrande Property Services Group EBIT Historical Data

The historical data trend for Evergrande Property Services Group'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.

Evergrande Property Services Group EBIT Chart

Evergrande Property Services Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 1,374.93 4,148.98 -208.98 2,197.80 2,319.93

Evergrande Property Services Group Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,043.17 1,204.00 1,130.99 1,188.93 772.29

Competitive Comparison of Evergrande Property Services Group's EBIT

For the Real Estate Services subindustry, Evergrande Property Services Group'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.


Evergrande Property Services Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Evergrande Property Services Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Evergrande Property Services Group's EV-to-EBIT falls into.



Evergrande Property Services Group 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$1,961 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.


Evergrande Property Services Group  (HKSE:06666) EBIT Explanation

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

Evergrande Property Services Group'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 )
=1577.114 * ( 1 - 26.76% )/( (6069.913 + 5245.036)/ 2 )
=1155.0782936/5657.4745
=20.42 %

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))
=9019.756 - 5035.973 - ( 2517.336 - max(0, 8615.627 - 6529.497+2517.336))
=6069.913

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))
=8868.292 - 5213.555 - ( 2501.11 - max(0, 8076.179 - 6485.88+2501.11))
=5245.036

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:

Evergrande Property Services Group'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 )
=1544.576/( ( (95.323 + max(-4958.836, 0)) + (88.426 + max(-4457.185, 0)) )/ 2 )
=1544.576/( ( 95.323 + 88.426 )/ 2 )
=1544.576/91.8745
=1,681.18 %

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)
=(3332.297 + 2.587 + 209.975) - (5035.973 + 0 + 3467.722)
=-4958.836

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3280.909 + 3.95 + 229.584) - (5213.555 + 0 + 2758.073)
=-4457.185

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:

Evergrande Property Services Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1961.221/6517.919
=30.09 %

* 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.


Evergrande Property Services Group EBIT Related Terms

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Evergrande Property Services Group Business Description

Traded in Other Exchanges
N/A
Address
No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660
Evergrande Property Services Group Ltd is an investment holding company engaged in the provision of property management services, community living services, asset management services, and community operation services. It generates revenue from four business segments: Property management services; Community living services; Asset management services; and; Community operation services. Its Product services are Hengmei Community, Commercial & Enterprise Services, Tourism & Health Industry, Industrial Parks, and Public Services.
Executives
China Evergrande Group 2201 Interest of corporation controlled by you
Ding Yu Mei 2202 Interest of your spouse
Hui Ka Yan 2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited 2201 Interest of corporation controlled by you
Anji (bvi) Limited 2201 Interest of corporation controlled by you
Ceg Holdings (bvi) Limited 2101 Beneficial owner
Shengjian (bvi) Limited 2201 Interest of corporation controlled by you

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