Fosun Tourism Group (HKSE:01992) EBIT : HK$1,935 Mil (TTM As of Dec. 2023)

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What is Fosun Tourism Group EBIT?

Fosun Tourism Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$490 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,935 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fosun Tourism Group's annualized ROC % for the quarter that ended in Dec. 2023 was 1.97%. Fosun Tourism Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fosun Tourism Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.01%.

Fosun Tourism Group EBIT Historical Data

The historical data trend for Fosun Tourism 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.

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Fosun Tourism Group EBIT Chart

Fosun Tourism Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,296.84

-2,017.64

-1,779.48

646.17

1,935.00

Fosun Tourism Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial											-82.82	328.57	333.15	1,444.57	490.43

Competitive Comparison of Fosun Tourism Group's EBIT

For the Resorts & Casinos subindustry, Fosun Tourism 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.

Fosun Tourism Group's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fosun Tourism Group's EV-to-EBIT distribution charts can be found below:

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

Fosun Tourism 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 HK$1,935 Mil.

Fosun Tourism Group (HKSE:01992) EBIT Explanation

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

Fosun Tourism 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 )
=	1148.386 * ( 1 - 23.79% )	/	( (44120.147	+	44708.9)	/ 2 )
=	875.1849706	/	44414.5235
=	1.97 %

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	))
=	42818.152	-	4165.934	-	( 3603.371	-	max(0, 16004.046	-	10536.117	+	3603.371	))
=	44120.147

	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	))
=	42244.855	-	5795.158	-	( 3262.354	-	max(0, 17624.511	-	9365.308	+	3262.354	))
=	44708.9

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:

Fosun Tourism 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 )
=	980.86	/	( ( (25381.077 + max(-8543.083, 0))	+	(25386.204 + max(-9629.834, 0)) )	/	2 )
=	980.86	/	( ( 25381.077	+	25386.204 )	/	2 )
=	980.86	/	25383.6405
=	3.86 %

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)
=	(817.718	+	2861.503	+	113.926)	-	(4165.934	+	0	+	8170.296)
=	-8543.083

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(771.071	+	2218.596	+	79.895)	-	(5795.158	+	0	+	6904.238)
=	-9629.834

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:

Fosun Tourism Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1934.999	/	27590.805
	=	7.01 %

Fosun Tourism Group EBIT Related Terms

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Fosun Tourism Group (HKSE:01992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fosun Tourism Group (HKSE:01992) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

6T8:Germany

Address

3 Garden Road, Room 808 & 2101-06, ICBC Tower, Central, Hong Kong, HKG, 210010

Website

http://www.fosunholiday.com

Fosun Tourism Group is primarily engaged in providing pioneering and family-focused tourism and leisure solutions. The principal business activities of the group are resort; tourism destinations; and services and solutions in various tourism and leisure settings.

Executives

Fosun Holdings Limited	2201 Interest of corporation controlled by you
Fosun International Holdings Ltd.	2201 Interest of corporation controlled by you
Guo Guangchang	2201 Interest of corporation controlled by you
Fosun International Limited	2101 Beneficial owner
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Cho Jung-ho	2201 Interest of corporation controlled by you
Meritz Financial Group Inc.	2201 Interest of corporation controlled by you
Meritz Securities Co., Ltd.	2101 Beneficial owner

Fosun Tourism Group (HKSE:01992) Headlines

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