Ye Xing Group Holdings (HKSE:01941) EBIT : HK$-15.4 Mil (TTM As of Dec. 2023)

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What is Ye Xing Group Holdings EBIT?

Ye Xing Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-33.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-15.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ye Xing Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -7.94%. Ye Xing Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -101.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ye Xing Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.19%.

Ye Xing Group Holdings EBIT Historical Data

The historical data trend for Ye Xing Group 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.

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Ye Xing Group Holdings EBIT Chart

Ye Xing Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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47.13

37.90

54.17

-62.52

-15.36

Ye Xing Group Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial								10.91	13.60	-75.48	18.15	-33.51

Competitive Comparison of Ye Xing Group Holdings's EBIT

For the Real Estate Services subindustry, Ye Xing Group 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.

Ye Xing Group Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Ye Xing Group 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-15.4 Mil.

Ye Xing Group Holdings (HKSE:01941) EBIT Explanation

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

Ye Xing Group 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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-23.182 * ( 1 - 11.59% )	/	( (248.646	+	267.834)	/ 2 )
=	-20.4952062	/	258.24
=	-7.94 %

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	))
=	491.558	-	99.856	-	( 168.32	-	max(0, 240.55	-	383.606	+	168.32	))
=	248.646

	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	))
=	480.698	-	100.427	-	( 153.227	-	max(0, 219.306	-	331.743	+	153.227	))
=	267.834

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:

Ye Xing Group 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-67.026	/	( ( (44.232 + max(6.486, 0))	+	(81.524 + max(-59.019, 0)) )	/	2 )
=	-67.026	/	( ( 50.718	+	81.524 )	/	2 )
=	-67.026	/	66.121
=	-101.37 %

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)
=	(191.449	+	0	+	55.522)	-	(99.856	+	0	+	140.629)
=	6.486

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(153.069	+	0	+	7.153)	-	(100.427	+	0	+	118.814)
=	-59.019

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-15.364	/	-80.071
	=	19.19 %

Ye Xing Group Holdings EBIT Related Terms

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Ye Xing Group Holdings (HKSE:01941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ye Xing Group Holdings Ltd (HKSE:01941) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 108, No. 45 Xinrong North Street, Xihongmen, Daxing District, Beijing, CHN

Website

http://www.hongkunwuye.com

Ye Xing Group Holdings Ltd is a property management service provider offering comprehensive property management and related services for residential and non-residential properties in the PRC. Its services include Property Management Services that provide property owners and residents with a variety of property management services; Property Developer related Services that include sales assistance services, pre-delivery cleaning and preparation services, post-delivery repair services, and planning and design consultancy and inspection services; and Value-Added Services that provide property owners and residents with community-related value-added services ranging from home living services to other value-added services that provide convenience to the property owners and residents.

Executives

Winz Strategy Company Limited	2101 Beneficial owner
Chan Sheung Chi	2101 Beneficial owner
Li Yin Ping	2101 Beneficial owner
Zhao Weihao	2201 Interest of corporation controlled by you
Ascendor Futur Holdings Limited	2101 Beneficial owner
Wang Qian	2202 Interest of your spouse
Will Full Holdings Limited	2201 Interest of corporation controlled by you
Wu Hong	2201 Interest of corporation controlled by you
Zhao Bin	2201 Interest of corporation controlled by you

Ye Xing Group Holdings (HKSE:01941) Headlines

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