Radiance Holdings (Group) Co (HKSE:09993) EBIT : HK$1,087 Mil (TTM As of Dec. 2023)

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What is Radiance Holdings (Group) Co EBIT?

Radiance Holdings (Group) Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-497 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,087 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Radiance Holdings (Group) Co's annualized ROC % for the quarter that ended in Dec. 2023 was -2.14%. Radiance Holdings (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Radiance Holdings (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.82%.

Radiance Holdings (Group) Co EBIT Historical Data

The historical data trend for Radiance Holdings (Group) 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.

Radiance Holdings (Group) Co EBIT Chart

Radiance Holdings (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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5,634.61

8,371.53

8,345.38

4,402.69

1,086.78

Radiance Holdings (Group) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial						4,329.17	3,006.71	1,538.30	1,583.58	-496.80

Competitive Comparison of Radiance Holdings (Group) Co's EBIT

For the Real Estate - Development subindustry, Radiance Holdings (Group) 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.

Radiance Holdings (Group) Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Radiance Holdings (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Radiance Holdings (Group) Co's EV-to-EBIT falls into.

Radiance Holdings (Group) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,087 Mil.

Radiance Holdings (Group) Co (HKSE:09993) EBIT Explanation

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

Radiance Holdings (Group) Co'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 )
=	-1379.648 * ( 1 - -84.92% )	/	( (128291.976	+	110013.171)	/ 2 )
=	-2551.2450816	/	119152.5735
=	-2.14 %

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	))
=	161578.998	-	28779.565	-	( 4507.457	-	max(0, 98337.929	-	128879.081	+	4507.457	))
=	128291.976

	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	))
=	141948.423	-	26650.719	-	( 5284.533	-	max(0, 83128.896	-	108540.95	+	5284.533	))
=	110013.171

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:

Radiance Holdings (Group) Co'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 )
=	-993.606	/	( ( (1388.466 + max(26300.649, 0))	+	(972.849 + max(22113.058, 0)) )	/	2 )
=	-993.606	/	( ( 27689.115	+	23085.907 )	/	2 )
=	-993.606	/	25387.511
=	-3.91 %

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)
=	(38.767	+	84582.418	+	24517.009)	-	(28779.565	+	0	+	54057.98)
=	26300.649

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(43.158	+	68448.795	+	21498.446)	-	(26650.719	+	0	+	41226.622)
=	22113.058

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:

Radiance Holdings (Group) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1086.778	/	38484.594
	=	2.82 %

Radiance Holdings (Group) Co EBIT Related Terms

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Radiance Holdings (Group) Co (HKSE:09993) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Radiance Holdings (Group) Co Ltd (HKSE:09993) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Qiyang Road, 42nd Floor, Radiance Plaza, Wangjing, Chaoyang District, Beijing, CHN, 100029

Website

http://www.radiance.com.cn

Radiance Holdings (Group) Co Ltd is an investment holding company engaged in the development and sale of properties, property leasing, and the provision of management consulting services. The company derives a majority of its revenue from Mainland China.

Executives

Glowing Shine Limited	2101 Beneficial owner
Radiance Group Holdings Limited	2201 Interest of corporation controlled by you
Lam Fung Ying	2201 Interest of corporation controlled by you
Lam Ting Keung	2201 Interest of corporation controlled by you

Radiance Holdings (Group) Co (HKSE:09993) Headlines

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