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Horizon Construction Development (HKSE:09930) EBIT : HK$2,149 Mil (TTM As of Dec. 2024)


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What is Horizon Construction Development EBIT?

Horizon Construction Development's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was HK$1,299 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was HK$2,149 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horizon Construction Development's annualized ROC % for the quarter that ended in Dec. 2024 was 5.89%. Horizon Construction Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 8.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Horizon Construction Development's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 8.62%.


Horizon Construction Development EBIT Historical Data

The historical data trend for Horizon Construction Development'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.

Horizon Construction Development EBIT Chart

Horizon Construction Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
1,120.82 1,901.37 2,030.88 2,253.94 2,141.74

Horizon Construction Development Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
EBIT Get a 7-Day Free Trial 1,271.77 866.62 1,387.31 849.38 1,299.36

Competitive Comparison of Horizon Construction Development's EBIT

For the Rental & Leasing Services subindustry, Horizon Construction Development'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.


Horizon Construction Development's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Horizon Construction Development's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Horizon Construction Development's EV-to-EBIT falls into.


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Horizon Construction Development 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$2,149 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.


Horizon Construction Development  (HKSE:09930) EBIT Explanation

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

Horizon Construction Development's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=2466.608 * ( 1 - 20.82% )/( (32684.099 + 33634.619)/ 2 )
=1953.0602144/33159.359
=5.89 %

where

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))
=37969.58 - 4075.517 - ( 2080.556 - max(0, 11576.043 - 12786.007+2080.556))
=32684.099

Invested Capital(Q: Dec. 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))
=38899.757 - 3361.032 - ( 1904.106 - max(0, 10836.59 - 13034.907+1904.106))
=33634.619

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Horizon Construction Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2598.712/( ( (24196.206 + max(4279.039, 0)) + (24717.187 + max(5755.081, 0)) )/ 2 )
=2598.712/( ( 28475.245 + 30472.268 )/ 2 )
=2598.712/29473.7565
=8.82 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5828.93 + 203.313 + 2537.911) - (4075.517 + 0 + 215.598)
=4279.039

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6268.224 + 261.698 + 2840.65) - (3361.032 + 0 + 254.459)
=5755.081

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Horizon Construction Development's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=2148.735/24919.546
=8.62 %

* 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.


Horizon Construction Development EBIT Related Terms

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Horizon Construction Development Business Description

Traded in Other Exchanges
Address
200 Xichang Road, No. 5, 6-610, Building 2, Minghai Center, Tianjin Pilot Free Trade Zone, Dongjiang Bonded Port Area, Tianjin, CHN
Horizon Construction Development Ltd is an equipment operation service provider. The company's services include a nationwide operation network and one-stop equipment services including engineering construction, equipment leasing, equipment sales, spare parts sales, maintenance and manufacturing, and second-hand disposal. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Platform and other services. A majority of its revenue is generated from the Operating lease services segment which is engaged in leasing of equipment and materials to customers and generating revenue mainly from rental fees payable by customers.
Executives
He Zi Ming 2101 Beneficial owner
Far East Horizon Limited 2101 Beneficial owner
Farsighted Wit Limited
Tian Jin Hong Sheng Zu Lin You Xian Gong Si
Tian Jin Hong Jian Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Tian Jin Lan Jin Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Yuan Dong Guo Ji Rong Zi Zu Lin You Xian Gong Si
Yuan Dong Hong Xin Tian Jin Rong Zi Zu Lin You Xian Gong Si

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