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ITC Properties Group (HKSE:00199) EBIT : HK$-386.3 Mil (TTM As of Sep. 2023)


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What is ITC Properties Group EBIT?

ITC Properties Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-147.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-386.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ITC Properties Group's annualized ROC % for the quarter that ended in Sep. 2023 was -2.52%. ITC Properties Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -20.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ITC Properties Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -23.78%.


ITC Properties Group EBIT Historical Data

The historical data trend for ITC Properties Group'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.

ITC Properties Group EBIT Chart

ITC Properties Group 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 262.83 -839.17 -588.50 601.57 -105.40

ITC Properties Group 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 604.82 -3.26 133.58 -238.97 -147.34

Competitive Comparison of ITC Properties Group's EBIT

For the Lodging subindustry, ITC Properties Group'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.


ITC Properties Group's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ITC Properties Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ITC Properties Group's EV-to-EBIT falls into.



ITC Properties Group 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$-386.3 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.


ITC Properties Group  (HKSE:00199) EBIT Explanation

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

ITC Properties Group'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 )
=-126.974 * ( 1 - -0.04% )/( (5141.169 + 4932.18)/ 2 )
=-127.0247896/5036.6745
=-2.52 %

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))
=5675.772 - 442.733 - ( 91.87 - max(0, 1474.536 - 1749.329+91.87))
=5141.169

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))
=5344.388 - 296.34 - ( 115.868 - max(0, 1472.16 - 1639.503+115.868))
=4932.18

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:

ITC Properties Group'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 )
=-294.68/( ( (496.595 + max(1049.949, 0)) + (488.388 + max(826.969, 0)) )/ 2 )
=-294.68/( ( 1546.544 + 1315.357 )/ 2 )
=-294.68/1430.9505
=-20.59 %

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)
=(113.563 + 1022.752 + 356.367) - (442.733 + 0 + 0)
=1049.949

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.645 + 972.224 + 338.265) - (296.34 + 0 + 187.825)
=826.969

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:

ITC Properties Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-386.31/1624.493
=-23.78 %

* 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.


ITC Properties Group EBIT Related Terms

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ITC Properties Group (HKSE:00199) Business Description

Traded in Other Exchanges
N/A
Address
12 Harcourt Road, 30th Floor, Bank of America Tower, Central, Hong Kong, HKG
ITC Properties Group Ltd is an investment holding company principally engaged in the development, selling of, and investment in properties. Its operating segment includes Property; Hotel and leisure; Securities investments and Finance. It generates maximum revenue from the Property segment which includes the development, selling, and investment in properties. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Other Countries.
Executives
Fortune Crystal Holdings Limited
Record High Enterprises Limited
Galaxyway Investments Limited
Itc Holdings Limited
Chan Kwok Keung Charles
Ng Yuen Lan Macy
Cheung Hon Kit 2101 Beneficial owner

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