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Poly Developments and Holdings Group Co (SHSE:600048) EBIT : ¥31,090 Mil (TTM As of Mar. 2024)


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What is Poly Developments and Holdings Group Co EBIT?

Poly Developments and Holdings Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥6,291 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥31,090 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Poly Developments and Holdings Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.69%. Poly Developments and Holdings Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Poly Developments and Holdings Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.47%.


Poly Developments and Holdings Group Co EBIT Historical Data

The historical data trend for Poly Developments and Holdings 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.

* Premium members only.

Poly Developments and Holdings Group Co EBIT Chart

Poly Developments and Holdings Group Co 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 55,135.34 58,409.87 55,618.34 40,807.54 31,198.89

Poly Developments and Holdings Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6,399.99 15,733.98 4,151.84 4,913.08 6,290.93

Competitive Comparison of Poly Developments and Holdings Group Co's EBIT

For the Real Estate - Development subindustry, Poly Developments and Holdings 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.


Poly Developments and Holdings Group Co's EV-to-EBIT Distribution in the Real Estate Industry

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

* The bar in red indicates where Poly Developments and Holdings Group Co's EV-to-EBIT falls into.



Poly Developments and Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥31,090 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.


Poly Developments and Holdings Group Co  (SHSE:600048) EBIT Explanation

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

Poly Developments and Holdings Group Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=22549.384 * ( 1 - 26.25% )/( (959883.431 + 1005251.586)/ 2 )
=16630.1707/982567.5085
=1.69 %

where

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))
=1436911.79 - 328636.912 - ( 148391.447 - max(0, 813731.295 - 1268538.727+148391.447))
=959883.431

Invested Capital(Q: Mar. 2024 )
=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))
=1424355.778 - 289140.582 - ( 129963.61 - max(0, 770727.962 - 1254301.8+129963.61))
=1005251.586

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Poly Developments and Holdings Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=25163.724/( ( (12999.111 + max(229537.876, 0)) + (13574.065 + max(263075.941, 0)) )/ 2 )
=25163.724/( ( 242536.987 + 276650.006 )/ 2 )
=25163.724/259593.4965
=9.69 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3821.377 + 869508.464 + 96199.368) - (328636.912 + 0 + 411354.421)
=229537.876

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5021.133 + 871897.075 + 91718.87) - (289140.582 + 0 + 416420.555)
=263075.941

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Poly Developments and Holdings Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=31089.829/367244.047
=8.47 %

* 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.


Poly Developments and Holdings Group Co EBIT Related Terms

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Poly Developments and Holdings Group Co (SHSE:600048) Business Description

Traded in Other Exchanges
N/A
Address
No. 688 Yuejiang Middle Road, Poly International Square North Tower, 30-33 Layer, Haizhu District, Guangdong Province, Guangzhou, CHN, 510308
Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.
Executives
Zhou Dong Li Directors, senior managers
Huang Hai senior management
Zhang Yan Hua senior management
Liu Wen Sheng senior management
Kong Jun Feng Supervisors
Pan Zhi Hua senior management
Liu Ying Chuan senior management
Zhang Wei senior management
Liu Ping Director
Wang Quan Liang senior management
Hu Zai Xin senior management
Zhang Wan Shun Director
Chen Dong Ju senior management
Wang Jian senior management
Song Guang Ju Director

Poly Developments and Holdings Group Co (SHSE:600048) Headlines

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