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Sunshine Insurance Group Co (HKSE:06963) EBIT : HK$7,531 Mil (TTM As of Dec. 2023)


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What is Sunshine Insurance Group Co EBIT?

Sunshine Insurance Group Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$2,928 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$7,531 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sunshine Insurance Group Co's annualized ROC % for the quarter that ended in Dec. 2023 was 0.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sunshine Insurance Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.91%.


Sunshine Insurance Group Co EBIT Historical Data

The historical data trend for Sunshine Insurance Group 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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Sunshine Insurance Group Co EBIT Chart

Sunshine Insurance Group Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
7,106.03 9,322.24 8,652.09 6,480.30 7,530.67

Sunshine Insurance Group Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial 5,675.41 3,835.43 2,826.41 4,602.63 2,928.05

Competitive Comparison of Sunshine Insurance Group Co's EBIT

For the Insurance - Diversified subindustry, Sunshine Insurance Group 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.


Sunshine Insurance Group Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sunshine Insurance Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sunshine Insurance Group Co's EV-to-EBIT falls into.



Sunshine Insurance Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$7,531 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.


Sunshine Insurance Group Co  (HKSE:06963) EBIT Explanation

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

Sunshine Insurance Group Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=5856.092 * ( 1 - 55.95% )/( (534062.4694 + 540181.18825)/ 2 )
=2579.608526/537121.828825
=0.48 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=546059 - 228.6 - ( 13404.281 - 5% * 32727.008 )
=534062.4694

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=561858.901 - 8685.698 - ( 14823.985 - 5% * 36639.405 )
=540181.18825

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Sunshine Insurance Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=7530.675/36012.902
=20.91 %

* 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.


Sunshine Insurance Group Co EBIT Related Terms

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Sunshine Insurance Group Co (HKSE:06963) Business Description

Traded in Other Exchanges
N/A
Address
No. 7002, Hongli West Road, 17th Floor, Block A First World Plaza, Futian District, Shenzhen, CHN, 518034
Website
Sunshine Insurance Group Co Ltd is mainly engaged in the insurance business. The company has three operating segments; The life insurance segment offers a wide range of life insurance products mainly by Sunshine Life, The property and casualty insurance segment offers a wide range of property and casualty insurance products mainly by Sunshine P&C and Sunshine Surety, and Other businesses segment mainly provides corporation management and assets management services. It derives a majority of its revenue from the Life insurance segment.
Executives
Hua Tai Zi Jin Tou Zi You Xian Ze Ren Gong Si
Hua Tai Zheng Quan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Rui Lian Qi Hao Tou Zi Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Bei Jing Hong Yu Zi Xun Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Shan Rui Lian Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Nan Jing Hua Tai Rui Lian Bing Gou Ji Jin Yi Hao You Xian He Huo 2201 Interest of corporation controlled by you
Nan Jing Rui Lian Guan Li Zi Xun He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Jiang Su Hua Tai Rui Lian Bing Gou Ji Jin You Xian He Huo 2201 Interest of corporation controlled by you
Jiang Su Tian Cheng Wu Ye Fa Zhan You Xian Ze Ren Gong Si 2101 Beneficial owner
Bei Jing Lin Qi Hao Rui Zi Xun You Xian Gong Si 2201 Interest of corporation controlled by you
Xi Zang Hong Yu Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Shi You Hua Gong Ji Tuan You Xian Gong Si 2101 Beneficial owner
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si 2101 Beneficial owner
Dynamic Sunrise Limited
Wong Kwong Miu

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