Shenzhen Properties & Resources Development (Group) (SZSE:000011) EBIT : ¥749 Mil (TTM As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Shenzhen Properties & Resources Development (Group) EBIT?

Shenzhen Properties & Resources Development (Group)'s earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥749 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shenzhen Properties & Resources Development (Group)'s annualized ROC % for the quarter that ended in Mar. 2024 was 0.11%. Shenzhen Properties & Resources Development (Group)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shenzhen Properties & Resources Development (Group)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.39%.

Shenzhen Properties & Resources Development (Group) EBIT Historical Data

The historical data trend for Shenzhen Properties & Resources Development (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.

Shenzhen Properties & Resources Development (Group) EBIT Chart

Shenzhen Properties & Resources Development (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

1,199.39

1,217.04

1,419.28

815.67

762.66

Shenzhen Properties & Resources Development (Group) 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															28.82	296.48	33.48	403.89	14.82

Competitive Comparison of Shenzhen Properties & Resources Development (Group)'s EBIT

For the Real Estate - Development subindustry, Shenzhen Properties & Resources Development (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.

Shenzhen Properties & Resources Development (Group)'s EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Properties & Resources Development (Group)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shenzhen Properties & Resources Development (Group)'s EV-to-EBIT falls into.

Shenzhen Properties & Resources Development (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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥749 Mil.

Shenzhen Properties & Resources Development (Group) (SZSE:000011) EBIT Explanation

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

Shenzhen Properties & Resources Development (Group)'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 )
=	10.036 * ( 1 - 8.19% )	/	( (8113.348	+	8845.033)	/ 2 )
=	9.2140516	/	8479.1905
=	0.11 %

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	))
=	16988.062	-	6125.916	-	( 2748.798	-	max(0, 10340.22	-	15114.811	+	2748.798	))
=	8113.348

	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	))
=	16889.161	-	5696.846	-	( 2347.282	-	max(0, 9851.995	-	15021.888	+	2347.282	))
=	8845.033

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

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

Shenzhen Properties & Resources Development (Group)'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 )
=	59.276	/	( ( (89.953 + max(4723.794, 0))	+	(82.536 + max(5432.448, 0)) )	/	2 )
=	59.276	/	( ( 4813.747	+	5514.984 )	/	2 )
=	59.276	/	5164.3655
=	1.15 %

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)
=	(502.806	+	11098.209	+	139.759)	-	(6125.916	+	0	+	891.064)
=	4723.794

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(540.104	+	11339.349	+	181.177)	-	(5696.846	+	0	+	931.336)
=	5432.448

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:

Shenzhen Properties & Resources Development (Group)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	748.664	/	7202.970
	=	10.39 %

Shenzhen Properties & Resources Development (Group) EBIT Related Terms

Thank you for viewing the detailed overview of Shenzhen Properties & Resources Development (Group)'s EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Properties & Resources Development (Group) Ltd (SZSE:000011) » Definitions » EBIT

Traded in Other Exchanges

200011:China

Address

Renmin South Road, 39 Floor and 42 Floor, International Trade Center, Guangdong Province, Luohu District, Shenzhen, CHN, 518014

Website

http://www.szwuye.com.cn

Shenzhen Properties & Resources Development (Group) Ltd is engaged in real estate development property management and housing asset operation as the basic business, with catering service, warehousing business and supervision business. It develops the residence, the hi-end apartment and the office building. It also provides house leasing, catering service, warehousing service, and supervision service. The company operates in three segments namely Real estate, Property management, and Catering service. Majority of the revenue is derived from the Real estate segment.

Executives

Li Zi Peng	Executives
Chen Yu Gang	Director
Wang Hang Jun	Executives
Wen Li	Director
Liu Jia Ke	Supervisors

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Headlines

No Headlines