Excellence Commercial Property & Facilities Management Group (HKSE:06989) EBIT : HK$491 Mil (TTM As of Dec. 2023)

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What is Excellence Commercial Property & Facilities Management Group EBIT?

Excellence Commercial Property & Facilities Management Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$204 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$491 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Excellence Commercial Property & Facilities Management Group's annualized ROC % for the quarter that ended in Dec. 2023 was 15.99%. Excellence Commercial Property & Facilities Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 195.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Excellence Commercial Property & Facilities Management Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -88.41%.

Excellence Commercial Property & Facilities Management Group EBIT Historical Data

The historical data trend for Excellence Commercial Property & Facilities Management 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.

Excellence Commercial Property & Facilities Management Group EBIT Chart

Excellence Commercial Property & Facilities Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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373.10

600.17

962.97

680.26

490.84

Excellence Commercial Property & Facilities Management Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial						463.50	537.16	168.53	286.54	204.30

Competitive Comparison of Excellence Commercial Property & Facilities Management Group's EBIT

For the Real Estate Services subindustry, Excellence Commercial Property & Facilities Management 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.

Excellence Commercial Property & Facilities Management Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Excellence Commercial Property & Facilities Management Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Excellence Commercial Property & Facilities Management Group's EV-to-EBIT falls into.

Excellence Commercial Property & Facilities Management 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$491 Mil.

Excellence Commercial Property & Facilities Management Group (HKSE:06989) EBIT Explanation

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

Excellence Commercial Property & Facilities Management Group'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 )
=	480.574 * ( 1 - 26.34% )	/	( (2102.824	+	2325.318)	/ 2 )
=	353.9908084	/	2214.071
=	15.99 %

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	))
=	5768.161	-	965.148	-	( 2700.189	-	max(0, 1502.516	-	4659.269	+	2700.189	))
=	2102.824

	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	))
=	5685.889	-	1001.615	-	( 2358.956	-	max(0, 1588.122	-	4672.507	+	2358.956	))
=	2325.318

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:

Excellence Commercial Property & Facilities Management Group'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 )
=	408.594	/	( ( (48.776 + max(105.102, 0))	+	(57.018 + max(206.973, 0)) )	/	2 )
=	408.594	/	( ( 153.878	+	263.991 )	/	2 )
=	408.594	/	208.9345
=	195.56 %

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)
=	(1214.605	+	89.845	+	262.993)	-	(965.148	+	0	+	497.193)
=	105.102

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1325.04	+	105.836	+	330.297)	-	(1001.615	+	0	+	552.585)
=	206.973

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:

Excellence Commercial Property & Facilities Management Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	490.836	/	-555.180
	=	-88.41 %

Excellence Commercial Property & Facilities Management Group EBIT Related Terms

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Excellence Commercial Property & Facilities Management Group (HKSE:06989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Excellence Commercial Property & Facilities Management Group Ltd (HKSE:06989) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuhua Third Road, 38Ath Floor, Tower 4, Excellence Century Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.excepm.com

Excellence Commercial Property & Facilities Management Group Ltd is a commercial property management service provider in China. The company's projects included commercial properties, public and industrial properties, and residential properties. It operates in three segments namely Finance services, Other services, and Property management services that provide basic property management services or system supply and installation services to property developers, property owners, and tenants, and value-added services to such customers, including asset services which includes preliminary property consulting services, property leasing and sales agency services, asset-light property operation services and space operation services, and corporate services.

Executives

Xiao Xingping	2202 Interest of your spouse
Li Xiaoping	2101 Beneficial owner
Li Wa	2201 Interest of corporation controlled by you
Oriental Rich Holdings Group Limited	2201 Interest of corporation controlled by you
Urban Hero Investments Limited	2101 Beneficial owner
Ever Rainbow Holdings Limited	2101 Beneficial owner
Autumn Riches Limited	2101 Beneficial owner
Li Yuan	2201 Interest of corporation controlled by you

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