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China Reinsurance (Group) (HKSE:01508) EBIT : HK$9,460 Mil (TTM As of Dec. 2023)


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What is China Reinsurance (Group) EBIT?

China Reinsurance (Group)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$5,673 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$9,460 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Reinsurance (Group)'s annualized ROC % for the quarter that ended in Dec. 2023 was 2.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Reinsurance (Group)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 30.81%.


China Reinsurance (Group) EBIT Historical Data

The historical data trend for China Reinsurance (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.

China Reinsurance (Group) EBIT Chart

China Reinsurance (Group) 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 10,690.43 10,723.89 11,216.19 631.64 9,460.33

China Reinsurance (Group) Semi-Annual Data
Dec13 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 4,109.33 1,363.07 -666.91 3,787.56 5,672.78

Competitive Comparison of China Reinsurance (Group)'s EBIT

For the Insurance - Reinsurance subindustry, China Reinsurance (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.


China Reinsurance (Group)'s EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Reinsurance (Group)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Reinsurance (Group)'s EV-to-EBIT falls into.



China Reinsurance (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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$9,460 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 Reinsurance (Group)  (HKSE:01508) EBIT Explanation

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

China Reinsurance (Group)'s annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=11345.55 * ( 1 - 6.07% )/( (469167.45235 + 483973.2247)/ 2 )
=10656.875115/476570.338525
=2.24 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=491860.17 - 9909.941 - ( 15585.277 - 5% * 56050.007 )
=469167.45235

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=502840.328 - 10361.174 - ( 11261.722 - 5% * 55115.854 )
=483973.2247

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=9460.337/30704.727
=30.81 %

* 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 Reinsurance (Group) EBIT Related Terms

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China Reinsurance (Group) (HKSE:01508) Business Description

Traded in Other Exchanges
Address
No 11, Jinrong Avenue, Xicheng District, Beijing, CHN, 100033
China Reinsurance (Group) Corp is a Chinese company that is engaged in the reinsurance business. It provides various products and services including reinsurance, direct insurance, asset management, insurance brokerage, and insurance media service. The company offers a variety of reinsurance products for various property and casualty insurance, such as motor, property, agricultural, liability insurance, life, health, accident insurance, and asset management services. It operates through the following business segments: Property and casualty reinsurance, Life and health reinsurance, Primary property and casualty insurance, Asset Management, and Others.
Executives
Citigroup Inc. 2502 Approved lending agent
Wellington Management Group Llp 2102 Investment manager

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