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KE Holdings (HKSE:02423) EBIT : HK$8,760 Mil (TTM As of Dec. 2023)


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What is KE Holdings EBIT?

KE Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$3,166 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8,760 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KE Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 3.08%. KE Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 62.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KE Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.16%.


KE Holdings EBIT Historical Data

The historical data trend for KE 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.

KE Holdings EBIT Chart

KE Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -1,218.07 5,424.15 1,411.30 342.58 8,644.22

KE Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 1,620.16 3,391.92 1,218.15 983.09 3,166.40

Competitive Comparison of KE Holdings's EBIT

For the Real Estate Services subindustry, KE 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.


KE Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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



KE 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$8,760 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.


KE Holdings  (HKSE:02423) EBIT Explanation

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

KE Holdings'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=2819.3 * ( 1 - 12.03% )/( (75675.472 + 85213.612)/ 2 )
=2480.13821/80444.542
=3.08 %

where

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))
=126992.009 - 17848.571 - ( 58190.929 - max(0, 40735.386 - 74203.352+58190.929))
=75675.472

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))
=131616.525 - 13338.371 - ( 58946.669 - max(0, 43230.498 - 76295.04+58946.669))
=85213.612

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

KE Holdings'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12665.596/( ( (19277.732 + max(-21918.606, 0)) + (21328.438 + max(-18251.292, 0)) )/ 2 )
=12665.596/( ( 19277.732 + 21328.438 )/ 2 )
=12665.596/20303.085
=62.38 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2972.37 + 0 + 6604.245) - (17848.571 + 5055.334 + 8591.316)
=-21918.606

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3300.484 + 332.736 + 10781.113) - (13338.371 + 5130.777 + 14196.477)
=-18251.292

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=8759.564/142264.640
=6.16 %

* 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.


KE Holdings EBIT Related Terms

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KE Holdings (HKSE:02423) Business Description

Traded in Other Exchanges
Address
No. 2 Chuangye Road, Oriental Electronic Technology Building, Haidian District, Beijing, CHN, 100086
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2022, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.
Executives
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co. 2502 Approved lending agent
Peng Yongdong 2307 Founder of a discretionary trust who can infl
Shan Yigang 2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited 2301 Trustee
Grain Bud Holding Limited 2201 Interest of corporation controlled by you
Propitious Global Holdings Limited 2101 Beneficial owner
Zhu Yan 2501 Other
Ample Platinum Holdings Limited 2201 Interest of corporation controlled by you
Baihui Partners L.p. 2201 Interest of corporation controlled by you
Ark Trust (hong Kong) Limited 2201 Interest of corporation controlled by you
Data Bliss Limited 2201 Interest of corporation controlled by you
Sapient Rich Holdings Limited 2201 Interest of corporation controlled by you
Clover Rich Limited 2101 Beneficial owner
Trident Trust Company (hk) Limited 2201 Interest of corporation controlled by you

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