Hui Xian Real Estate Investment Trust (HKSE:87001) EBIT : ¥-314 Mil (TTM As of Jun. 2024)

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What is Hui Xian Real Estate Investment Trust EBIT?

Hui Xian Real Estate Investment Trust's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ¥-158 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-314 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hui Xian Real Estate Investment Trust's annualized ROC % for the quarter that ended in Jun. 2024 was 2.75%. Hui Xian Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -5.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hui Xian Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -5.23%.

Hui Xian Real Estate Investment Trust EBIT Historical Data

The historical data trend for Hui Xian Real Estate Investment Trust'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.

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Hui Xian Real Estate Investment Trust EBIT Chart

Hui Xian Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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-588.00

-57.00

-1,113.00

46.00

-314.00

Hui Xian Real Estate Investment Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial															28.00	-184.00	230.00	-158.00	-156.00

Competitive Comparison of Hui Xian Real Estate Investment Trust's EBIT

For the REIT - Diversified subindustry, Hui Xian Real Estate Investment Trust'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.

Hui Xian Real Estate Investment Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hui Xian Real Estate Investment Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hui Xian Real Estate Investment Trust's EV-to-EBIT falls into.

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Hui Xian Real Estate Investment Trust 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 ¥-314 Mil.

Hui Xian Real Estate Investment Trust (HKSE:87001) EBIT Explanation

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

Hui Xian Real Estate Investment Trust'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 )
=	918 * ( 1 - -8.96% )	/	( (37004	+	35679)	/ 2 )
=	1000.2528	/	36341.5
=	2.75 %

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	))
=	36260	-	294	-	( 3470	-	max(0, 4642	-	3604	+	3470	))
=	37004

	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	))
=	34884	-	435	-	( 2776	-	max(0, 4125	-	2895	+	2776	))
=	35679

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:

Hui Xian Real Estate Investment Trust'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 )
=	-316	/	( ( (5597 + max(-776, 0))	+	(5422 + max(-784, 0)) )	/	2 )
=	-316	/	( ( 5597	+	5422 )	/	2 )
=	-316	/	5509.5
=	-5.74 %

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)
=	(25	+	18	+	22)	-	(294	+	0	+	547)
=	-776

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24	+	19	+	15)	-	(435	+	0	+	407)
=	-784

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:

Hui Xian Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-314	/	6008.419
	=	-5.23 %

Hui Xian Real Estate Investment Trust EBIT Related Terms

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Hui Xian Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hui Xian Real Estate Investment Trust (HKSE:87001) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen's Road Central, Unit 303, Cheung Kong Center, Hong Kong, HKG

Website

https://www.huixianreit.com

Hui Xian Real Estate Investment Trust is a real estate investment trust located in Hong Kong. The company owns and invests in high-quality commercial properties to produce stable and sustainable distributions to unitholders and achieve long-term growth. Its segments include Malls, offices, Apartments, and hotel businesses. It derives the majority of its revenues from the Offices segment and Malls segment. It has a geographic presence in Hong Kong, Mainland China, and Others.

Executives

Ck Asset Holdings Limited	2201 Interest of corporation controlled by you
Li Ka-shing	2501 Other
Ck Asset Holdings Limited	2201 Interest of corporation controlled by you
China Life Insurance (group) Company	2201 Interest of corporation controlled by you
China Life Insurance (overseas) Co., Ltd.	2101 Beneficial owner
China Life Insurance (overseas) Company Limited	2101 Beneficial owner
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you

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