Hung Ching Developmentnstruction Co (TPE:2527) EBIT : NT$647 Mil (TTM As of Sep. 2024)

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What is Hung Ching Developmentnstruction Co EBIT?

Hung Ching Developmentnstruction Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was NT$429 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$647 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hung Ching Developmentnstruction Co's annualized ROC % for the quarter that ended in Sep. 2024 was 2.42%. Hung Ching Developmentnstruction Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 12.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hung Ching Developmentnstruction Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.68%.

Hung Ching Developmentnstruction Co EBIT Historical Data

The historical data trend for Hung Ching Developmentnstruction 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.

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Hung Ching Developmentnstruction Co EBIT Chart

Hung Ching Developmentnstruction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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991.37

625.13

1,879.91

493.12

832.20

Hung Ching Developmentnstruction 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															774.53	26.57	106.70	85.12	428.78

Competitive Comparison of Hung Ching Developmentnstruction Co's EBIT

For the Real Estate Services subindustry, Hung Ching Developmentnstruction 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.

Hung Ching Developmentnstruction Co's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Hung Ching Developmentnstruction Co's EV-to-EBIT falls into.

Hung Ching Developmentnstruction 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 NT$647 Mil.

Hung Ching Developmentnstruction Co (TPE:2527) EBIT Explanation

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

Hung Ching Developmentnstruction 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 )
=	687.068 * ( 1 - 3.61% )	/	( (27428.785	+	27218.359)	/ 2 )
=	662.2648452	/	27323.572
=	2.42 %

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	))
=	30935.492	-	2937.901	-	( 568.806	-	max(0, 14643.254	-	18244.97	+	568.806	))
=	27428.785

	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	))
=	30441.387	-	2618.881	-	( 604.147	-	max(0, 14359.905	-	18554.59	+	604.147	))
=	27218.359

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

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

Hung Ching Developmentnstruction 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 )
=	1715.1	/	( ( (1038.935 + max(12949.685, 0))	+	(1033.81 + max(13511.682, 0)) )	/	2 )
=	1715.1	/	( ( 13988.62	+	14545.492 )	/	2 )
=	1715.1	/	14267.056
=	12.02 %

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)
=	(69.135	+	14940.067	+	1013.061)	-	(2937.901	+	0	+	134.677)
=	12949.685

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(127.65	+	13564.359	+	2602.821)	-	(2618.881	+	0	+	164.267)
=	13511.682

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:

Hung Ching Developmentnstruction Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	647.163	/	24178.131
	=	2.68 %

Hung Ching Developmentnstruction Co EBIT Related Terms

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Hung Ching Developmentnstruction Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hung Ching Development & Construction Co Ltd (TPE:2527) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keelung Road, 10th Floor, No. 420, Section 1, Taipei, TWN

Website

http://www.asehcc.com.tw

Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in the construction of national residential and commercial buildings for rent and sale. It is also engaged in the trading of various building materials. Reporting segments of the group are divided into Real estate development, Construction, and Lease; Real estate is the key revenue driver for the company. Real estate development conducting sales of residential and commercial property and plant. Construction provides the building of residential and commercial property and plants. The leasing segment includes the lease of investment property.

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