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China Merchants Land (HKSE:00978) EBIT : HK$3,753 Mil (TTM As of Dec. 2023)


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What is China Merchants Land EBIT?

China Merchants Land's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$1,666 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,753 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Merchants Land's annualized ROC % for the quarter that ended in Dec. 2023 was 0.98%. China Merchants Land's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Merchants Land's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.12%.


China Merchants Land EBIT Historical Data

The historical data trend for China Merchants Land'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 Merchants Land EBIT Chart

China Merchants Land Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,216.94 5,086.04 5,170.35 4,029.72 3,753.26

China Merchants Land 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 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 3,558.71 2,334.05 1,806.16 2,087.65 1,665.61

Competitive Comparison of China Merchants Land's EBIT

For the Real Estate - Diversified subindustry, China Merchants Land'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 Merchants Land's EV-to-EBIT Distribution in the Real Estate Industry

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

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



China Merchants Land 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$3,753 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 Merchants Land  (HKSE:00978) EBIT Explanation

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

China Merchants Land'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 )
=2472.74 * ( 1 - 62.18% )/( (98136.195 + 91833.903)/ 2 )
=935.190268/94985.049
=0.98 %

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))
=152658.828 - 41208.728 - ( 13313.905 - max(0, 89413.962 - 120178.411+13313.905))
=98136.195

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))
=145112.243 - 42030.66 - ( 11247.68 - max(0, 76861.852 - 101563.823+11247.68))
=91833.903

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 Merchants Land'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 )
=3331.222/( ( (317.321 + max(10434.067, 0)) + (626.733 + max(14135.953, 0)) )/ 2 )
=3331.222/( ( 10751.388 + 14762.686 )/ 2 )
=3331.222/12757.037
=26.11 %

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)
=(32.035 + 79131.718 + 5691.508) - (41208.728 + 0 + 33212.466)
=10434.067

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.923 + 73977.624 + 5619.643) - (42030.66 + 0 + 23452.577)
=14135.953

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 Merchants Land's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=3753.262/30969.329
=12.12 %

* 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 Merchants Land EBIT Related Terms

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China Merchants Land (HKSE:00978) Business Description

Traded in Other Exchanges
Address
Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG
China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.
Executives
China Merchants Group Co., Ltd. 2201 Interest of corporation controlled by you
China Merchants Shekou Industrial Zone Holdings Company Limited 2201 Interest of corporation controlled by you

China Merchants Land (HKSE:00978) Headlines

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