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Tahoe Group Co (SZSE:000732) EBIT : ¥-3,082 Mil (TTM As of Mar. 2023)


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What is Tahoe Group Co EBIT?

Tahoe Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was ¥53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ¥-3,082 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tahoe Group Co's annualized ROC % for the quarter that ended in Mar. 2023 was -0.25%. Tahoe Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 0.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tahoe Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -3.56%.


Tahoe Group Co EBIT Historical Data

The historical data trend for Tahoe 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.

Tahoe Group Co EBIT Chart

Tahoe Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,870.18 1,086.54 -3,567.82 -1,607.59 -3,199.43

Tahoe Group Co Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -64.46 -1,291.53 -144.08 -1,699.37 52.64

Competitive Comparison of Tahoe Group Co's EBIT

For the Real Estate - Development subindustry, Tahoe 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.


Tahoe Group Co's EV-to-EBIT Distribution in the Real Estate Industry

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

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



Tahoe 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-3,082 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.


Tahoe Group Co  (SZSE:000732) EBIT Explanation

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

Tahoe Group Co's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-420.22 * ( 1 - 1.16% )/( (164309.151 + 163761.851)/ 2 )
=-415.345448/164035.501
=-0.25 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=214597.823 - 65329.106 - ( 1628.071 - max(0, 184699.778 - 169659.344+1628.071))
=164309.151

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))
=215586.657 - 67286.004 - ( 1539.999 - max(0, 186121.153 - 170659.955+1539.999))
=163761.851

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

Tahoe Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=210.56/( ( (6069.262 + max(44338.831, 0)) + (6064.036 + max(43836.563, 0)) )/ 2 )
=210.56/( ( 50408.093 + 49900.599 )/ 2 )
=210.56/50154.346
=0.42 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(343.346 + 155915.819 + 4218.307) - (65329.106 + 0 + 50809.535)
=44338.831

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(345.075 + 157026.029 + 4333.028) - (67286.004 + 0 + 50581.565)
=43836.563

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-3082.333/86516.502
=-3.56 %

* 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.


Tahoe Group Co EBIT Related Terms

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Tahoe Group Co (SZSE:000732) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 East Second Ring Road, Cross Island Road, Taihe square, Taihe center, 20-31 layer, Jinan District, Fuzhou, CHN, 350001
Tahoe Group Co Ltd is a real estate development company. The portfolio owned by the firm includes office buildings, hotel apartments, and commercial pedestrian streets. Geographically, the business operations of the company are located across China mainly in Beijing and Shanghai.
Executives
Shen Li Nan Executives
Ge Yong Directors, executives
Zhu Jin Kang Executives
Huang Qi Sen Directors, executives
Ding Yu Kun Supervisors

Tahoe Group Co (SZSE:000732) Headlines

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