China Overseas Grand Oceans Group (STU:SWL) EBIT : €539 Mil (TTM As of Dec. 2023)

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What is China Overseas Grand Oceans Group EBIT?

China Overseas Grand Oceans Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €119 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €539 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Overseas Grand Oceans Group's annualized ROC % for the quarter that ended in Dec. 2023 was 0.05%. China Overseas Grand Oceans Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Overseas Grand Oceans Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.01%.

China Overseas Grand Oceans Group EBIT Historical Data

The historical data trend for China Overseas Grand Oceans Group'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 Overseas Grand Oceans Group EBIT Chart

China Overseas Grand Oceans Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,068.83

1,204.59

1,417.75

818.13

537.85

China Overseas Grand Oceans Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															706.73	640.90	203.95	420.16	119.19

Competitive Comparison of China Overseas Grand Oceans Group's EBIT

For the Real Estate - Development subindustry, China Overseas Grand Oceans Group'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 Overseas Grand Oceans Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Overseas Grand Oceans Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Overseas Grand Oceans Group's EV-to-EBIT falls into.

China Overseas Grand Oceans Group 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 €539 Mil.

China Overseas Grand Oceans Group (STU:SWL) EBIT Explanation

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

China Overseas Grand Oceans Group'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 )
=	182.744 * ( 1 - 96.2% )	/	( (15519.89	+	12727.267)	/ 2 )
=	6.944272	/	14123.5785
=	0.05 %

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	))
=	22137.722	-	3520.642	-	( 3097.19	-	max(0, 12364.158	-	21086.592	+	3097.19	))
=	15519.89

	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	))
=	19524.933	-	3455.898	-	( 3341.768	-	max(0, 10441.891	-	18446.639	+	3341.768	))
=	12727.267

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:

China Overseas Grand Oceans Group'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 )
=	238.372	/	( ( (164.993 + max(6676.338, 0))	+	(109.491 + max(5808.753, 0)) )	/	2 )
=	238.372	/	( ( 6841.331	+	5918.244 )	/	2 )
=	238.372	/	6379.7875
=	3.74 %

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)
=	(5.485	+	15198.392	+	2105.671)	-	(3520.642	+	0	+	7112.568)
=	6676.338

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20.421	+	13757.479	+	730.351)	-	(3455.898	+	0	+	5243.6)
=	5808.753

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:

China Overseas Grand Oceans Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	539.341	/	3170.380
	=	17.01 %

China Overseas Grand Oceans Group EBIT Related Terms

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China Overseas Grand Oceans Group (STU:SWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Grand Oceans Group Ltd (STU:SWL) » Definitions » EBIT

Traded in Other Exchanges

00081:Hong Kong

Address

1 Queen’s Road East, Suites 701 - 702, 7th Floor, Three Pacific Place, Kowloon, Hong Kong, HKG

Website

https://www.cogogl.com.hk

China Overseas Grand Oceans Group Ltd is engaged in general real estate activities. Its main line of business reflects the development of property comprised of residential property projects. The company carries out its business through three segments; Property investment and development, Property Leasing, and Others. The property investment and development segment is the major revenue driver for the company and is engaged in the construction of residential and commercial properties in the People's Republic of China. The Others segment mainly engages in hotel operations and generates service fee income in relation to hotel operation and other ancillary services.

China Overseas Grand Oceans Group (STU:SWL) Headlines

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