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Gemdale (SHSE:600383) EBIT : ¥2,050 Mil (TTM As of Sep. 2024)


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What is Gemdale EBIT?

Gemdale's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥485 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥2,050 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gemdale's annualized ROC % for the quarter that ended in Sep. 2024 was 5.02%. Gemdale's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 129.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gemdale's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.65%.


Gemdale EBIT Historical Data

The historical data trend for Gemdale'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.

Gemdale EBIT Chart

Gemdale 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 22,331.22 23,006.11 19,574.38 16,938.42 9,395.72

Gemdale 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 -421.45 4,787.33 413.97 -3,636.02 484.72

Competitive Comparison of Gemdale's EBIT

For the Real Estate - Development subindustry, Gemdale'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.


Gemdale's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Gemdale's EV-to-EBIT distribution charts can be found below:

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



Gemdale 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 ¥2,050 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.


Gemdale  (SHSE:600383) EBIT Explanation

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

Gemdale'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 )
=4987.5 * ( 1 - -142.09% )/( (249097.359 + 232341.639)/ 2 )
=12074.23875/240719.499
=5.02 %

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))
=349156.724 - 76943.298 - ( 23116.067 - max(0, 188714.209 - 249616.379+23116.067))
=249097.359

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))
=330810.258 - 75773.699 - ( 22694.92 - max(0, 175337.113 - 232805.705+22694.92))
=232341.639

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

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

Gemdale'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 )
=1938.892/( ( (1594.989 + max(-12893.904, 0)) + (1408.671 + max(-12830.371, 0)) )/ 2 )
=1938.892/( ( 1594.989 + 1408.671 )/ 2 )
=1938.892/1501.83
=129.10 %

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)
=(1955.046 + 120358.809 + 14413.808) - (76943.298 + 0 + 72678.269)
=-12893.904

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2096.063 + 109643.576 + 14026.988) - (75773.699 + 0 + 62823.299)
=-12830.371

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:

Gemdale's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=2050.007/124463.768
=1.65 %

* 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.


Gemdale EBIT Related Terms

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Gemdale Business Description

Traded in Other Exchanges
N/A
Address
No. 2007 Shennan Avenue, Futian Street, 32nd Floor, Gemdale Center, Gangxia Community, Futian District, Shenzhen, Guangdong, CHN, 518026
Gemdale Corp is a China-based company engaged in real estate development. Its businesses include the development and sales and decoration of residences, development and sales and operation of commercial real estate, real estate financing, property service, and community operating, international education featuring tennis and sports business.
Executives
Ling Ke Director
Chen Zhang Chun senior management
Hao Yi Bin senior management
Chen Bi An Director
Wei Chuan Jun Director
Zhang Xiao Feng senior management
Yan Jia Rong senior management
Xu Jia Jun Director
Huang Jun Can Director
Hu Hong Director
Yang Wei Min Supervisors
Wang Yong Supervisors
Li Gang senior management

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