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E-Star Commercial Management Co (HKSE:06668) EBIT : HK$291.1 Mil (TTM As of Jun. 2024)


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What is E-Star Commercial Management Co EBIT?

E-Star Commercial Management Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$142.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$291.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. E-Star Commercial Management Co's annualized ROC % for the quarter that ended in Jun. 2024 was 16.92%. E-Star Commercial Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 17,759.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. E-Star Commercial Management Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 58.45%.


E-Star Commercial Management Co EBIT Historical Data

The historical data trend for E-Star Commercial Management Co'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.

E-Star Commercial Management Co EBIT Chart

E-Star Commercial Management Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 146.99 212.52 313.79 258.73 303.10

E-Star Commercial Management Co Semi-Annual Data
Dec17 Dec18 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 156.94 109.22 154.14 148.96 142.12

Competitive Comparison of E-Star Commercial Management Co's EBIT

For the Real Estate Services subindustry, E-Star Commercial Management Co'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.


E-Star Commercial Management Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, E-Star Commercial Management Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where E-Star Commercial Management Co's EV-to-EBIT falls into.



E-Star Commercial Management Co 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$291.1 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.


E-Star Commercial Management Co  (HKSE:06668) EBIT Explanation

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

E-Star Commercial Management Co'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 )
=249.85 * ( 1 - 24.04% )/( (1164.935 + 1078.29)/ 2 )
=189.78606/1121.6125
=16.92 %

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))
=2542.649 - 173.148 - ( 1565.824 - max(0, 402.34 - 1606.906+1565.824))
=1164.935

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))
=2533.318 - 313.987 - ( 1577.744 - max(0, 486.433 - 1627.474+1577.744))
=1078.29

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:

E-Star Commercial Management Co'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 )
=284.238/( ( (1.726 + max(-321.661, 0)) + (1.475 + max(-408.45, 0)) )/ 2 )
=284.238/( ( 1.726 + 1.475 )/ 2 )
=284.238/1.6005
=17,759.33 %

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)
=(14.122 + 0 + 26.96) - (173.148 + 0 + 189.595)
=-321.661

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.535 + 0 + 33.195) - (313.987 + 0 + 144.193)
=-408.45

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:

E-Star Commercial Management Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=291.082/498.038
=58.45 %

* 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.


E-Star Commercial Management Co EBIT Related Terms

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E-Star Commercial Management Co Business Description

Traded in Other Exchanges
N/A
Address
1 Yabao Road, 32nd Floor, Building A Galaxy World, Longgang District, Guangdong Province, Shenzhen, CHN, 518000
E-Star Commercial Management Co Ltd is a commercial property operational service provider in China. It is engaged in providing consultancy services to property owners; tenant sourcing services, and operational management services to tenants and property owners, and rent collection services; property leasing services including sublease of commercial spaces; and value-added services including management of common areas in the shopping centers and management of advertising spaces, such as LED boards and interior and exterior facades of the shopping centers.
Executives
Virtue Investment Development Limited 2101 Beneficial owner
Huang Chu-long
Go Star Investment Holding Limited 2201 Interest of corporation controlled by you
Long Harmony Holding Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Huang De-lin Benny 2101 Beneficial owner
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you

E-Star Commercial Management Co Headlines

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