GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Fortune Land Development Co Ltd (SHSE:600340) » Definitions » EBIT

China Fortune Land Development Co (SHSE:600340) EBIT : ¥-255 Mil (TTM As of Sep. 2024)


View and export this data going back to 2003. Start your Free Trial

What is China Fortune Land Development Co EBIT?

China Fortune Land Development Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥4,409 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-255 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Fortune Land Development Co's annualized ROC % for the quarter that ended in Sep. 2024 was 1.82%. China Fortune Land Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 100.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Fortune Land Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.14%.

China Fortune Land Development Co EBIT Historical Data

The historical data trend for China Fortune Land Development 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.

China Fortune Land Development Co EBIT Chart

China Fortune Land Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25,520.72 15,839.61 -27,487.14 17,388.61 160.89

China Fortune Land Development Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,007.47 -2,571.99 -609.49 -1,482.78 4,409.12

Competitive Comparison of China Fortune Land Development Co's EBIT

For the Real Estate - Development subindustry, China Fortune Land Development 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.

China Fortune Land Development Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Fortune Land Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Fortune Land Development Co's EV-to-EBIT falls into.


China Fortune Land Development 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-255 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.

China Fortune Land Development Co  (SHSE:600340) EBIT Explanation

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

China Fortune Land Development Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=4026.472 * ( 1 - -10.28% )/( (249670.388 + 239025.304)/ 2 )
=4440.3933216/244347.846
=1.82 %

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))
=348042.168 - 91920.061 - ( 6451.719 - max(0, 164617.85 - 304232.688+6451.719))
=249670.388

Invested Capital(Q: Sep. 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))
=323803.898 - 80159.564 - ( 4619.03 - max(0, 147757.844 - 273100.723+4619.03))
=239025.304

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

China Fortune Land Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17636.464/( ( (10651.711 + max(7051.8670000001, 0)) + (9477.065 + max(7827.755, 0)) )/ 2 )
=17636.464/( ( 17703.578 + 17304.82 )/ 2 )
=17636.464/17504.199
=100.76 %

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)
=(43677.042 + 85212.001 + 14362.799) - (91920.061 + 0 + 44279.914)
=7051.8670000001

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31674.553 + 79887.168 + 13709.48) - (80159.564 + 0 + 37283.882)
=7827.755

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

China Fortune Land Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-255.136/177483.145
=-0.14 %

* 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.

China Fortune Land Development Co EBIT Related Terms

Thank you for viewing the detailed overview of China Fortune Land Development Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

China Fortune Land Development Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Fortune Land Development Co Ltd (SHSE:600340) » Definitions » EBIT
Comparable Companies
SHSE:600639 SZSE:000006 SZSE:000402 SHSE:600266 SHSE:600649 SHSE:600773 SZSE:002077 SZSE:000656 SHSE:600094 SZSE:002146 HKSE:00016 BOM:532868 PHS:HVN DFM:EMAAR HKSE:01109 TSE:1925 HKSE:00688 ADX:ALDAR SHSE:600048 ISX:PANI
Traded in Other Exchanges
N/A
Address
No. 18, Xiaguangli, North Dongsanhuan Road, Fl.9, Block A, Jiacheng Plaza, Chaoyang District, Beijing, CHN, 100027
Website
http://www.cfldcn.com
China Fortune Land Development Co Ltd is engaged in the investment, development, construction and operation of the new industrial city. It is primarily involved in planning, designing, land consolidation, investment, infrastructure construction and public facility development. Further, it is also involved in development of green cities and construction of smart urban.
Executives
Chen Huai Zhou Director
Zhang Shu Feng Director
Li Yu Shan senior management
Sun Jian Fu senior management
Feng Nian Yi Directors, senior managers
Wang Wen Xue Director
Zhao Wei Director
Zhong Jian Director
Yu Jian senior management
Meng Jing Director
Yuan Gang Director
Lin Cheng Hong Director
Zhao Hong Jing Director
Wu Xiang Dong Director
Wu Zhong Bing Director

China Fortune Land Development Co Headlines

No Headlines