China Resources Mixc Lifestyle Services (HKSE:01209) EBIT : HK$4,407 Mil (TTM As of Dec. 2023)

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What is China Resources Mixc Lifestyle Services EBIT?

China Resources Mixc Lifestyle Services's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$2,249 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$4,407 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Resources Mixc Lifestyle Services's annualized ROC % for the quarter that ended in Dec. 2023 was 27.55%. China Resources Mixc Lifestyle Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 609.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Resources Mixc Lifestyle Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.27%.

China Resources Mixc Lifestyle Services EBIT Historical Data

The historical data trend for China Resources Mixc Lifestyle Services'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 Resources Mixc Lifestyle Services EBIT Chart

China Resources Mixc Lifestyle Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

623.97

1,430.88

2,953.66

3,342.75

4,407.19

China Resources Mixc Lifestyle Services Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							1,564.62	1,690.01	1,732.73	2,158.08	2,249.12

Competitive Comparison of China Resources Mixc Lifestyle Services's EBIT

For the Real Estate Services subindustry, China Resources Mixc Lifestyle Services'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 Resources Mixc Lifestyle Services's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Mixc Lifestyle Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Resources Mixc Lifestyle Services's EV-to-EBIT falls into.

China Resources Mixc Lifestyle Services 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$4,407 Mil.

China Resources Mixc Lifestyle Services (HKSE:01209) EBIT Explanation

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

China Resources Mixc Lifestyle Services'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 )
=	3960.902 * ( 1 - 23.27% )	/	( (10358.069	+	11706.157)	/ 2 )
=	3039.2001046	/	11032.113
=	27.55 %

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	))
=	28839.518	-	6610.449	-	( 16683.68	-	max(0, 8715.034	-	20586.034	+	16683.68	))
=	10358.069

	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	))
=	30388.986	-	6455.794	-	( 17098.963	-	max(0, 9121.795	-	21348.83	+	17098.963	))
=	11706.157

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 Resources Mixc Lifestyle Services'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 )
=	4498.238	/	( ( (749.596 + max(-5684.97, 0))	+	(726.289 + max(-5985.162, 0)) )	/	2 )
=	4498.238	/	( ( 749.596	+	726.289 )	/	2 )
=	4498.238	/	737.9425
=	609.56 %

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)
=	(2231.388	+	255.549	+	431.527)	-	(6610.449	+	0	+	1992.985)
=	-5684.97

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2267.999	+	221.758	+	480.856)	-	(6455.794	+	0	+	2499.981)
=	-5985.162

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 Resources Mixc Lifestyle Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	4407.195	/	53274.654
	=	8.27 %

China Resources Mixc Lifestyle Services EBIT Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Mixc Lifestyle Services Ltd (HKSE:01209) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN

Website

https://www.crmixclifestyle.com.cn

China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.

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