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China Tangshang Holdings (HKSE:00674) EBIT : HK$99.4 Mil (TTM As of Sep. 2023)


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What is China Tangshang Holdings EBIT?

China Tangshang Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$71.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$99.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Tangshang Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 11.83%. China Tangshang Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 12.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Tangshang Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 13.73%.


China Tangshang Holdings EBIT Historical Data

The historical data trend for China Tangshang Holdings'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 Tangshang Holdings EBIT Chart

China Tangshang Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.76 -11.81 -26.42 61.62 155.23

China Tangshang Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 7.52 54.10 127.73 27.50 71.94

Competitive Comparison of China Tangshang Holdings's EBIT

For the Real Estate Services subindustry, China Tangshang Holdings'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 Tangshang Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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



China Tangshang Holdings 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$99.4 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.


China Tangshang Holdings  (HKSE:00674) EBIT Explanation

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

China Tangshang Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=201.552 * ( 1 - -95.69% )/( (3550.206 + 3116.733)/ 2 )
=394.4171088/3333.4695
=11.83 %

where

Invested Capital(Q: Mar. 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))
=4289.096 - 325.609 - ( 413.281 - max(0, 2390.039 - 3807.021+413.281))
=3550.206

Invested Capital(Q: Sep. 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))
=3492.543 - 162.545 - ( 213.265 - max(0, 1625.523 - 3069.039+213.265))
=3116.733

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

China Tangshang Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=143.888/( ( (3.879 + max(1065.914, 0)) + (1.939 + max(1291.311, 0)) )/ 2 )
=143.888/( ( 1069.793 + 1293.25 )/ 2 )
=143.888/1181.5215
=12.18 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 2939.392 + 454.346) - (325.609 + 0 + 2002.215)
=1065.914

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.188 + 0 + 2853.585) - (162.545 + 0 + 1401.917)
=1291.311

When net working capital is negative, 0 is used.

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

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

China Tangshang Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=99.439/724.253
=13.73 %

* 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.


China Tangshang Holdings EBIT Related Terms

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China Tangshang Holdings (HKSE:00674) Business Description

Traded in Other Exchanges
N/A
Address
29 Austin Road, Unit 1201, 12th Floor, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
China Tangshang Holdings Ltd is a Hong Kong-based investment holding company. It operates in the segments of Property sub-leasing and investment business; Property development business and Money lending business. A majority of revenue is derived from the Property development business which involves the development of real estate. The group's operations are mainly located in Hong Kong and the PRC.
Executives
Chen Weiwu 2101 Beneficial owner
Shenzhen Tangshang Industrial Group Co., Ltd 2201 Interest of corporation controlled by you
Jiang Dingwei 2201 Interest of corporation controlled by you
Shenzhen Yaoling Investment Company Limited 2101 Beneficial owner

China Tangshang Holdings (HKSE:00674) Headlines

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