Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) EBIT : $1,631 Mil (TTM As of Dec. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig EBIT?

Cia Energetica DE Minas Gerais - Cemig's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $504 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,631 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cia Energetica DE Minas Gerais - Cemig's annualized ROC % for the quarter that ended in Dec. 2023 was 13.52%. Cia Energetica DE Minas Gerais - Cemig's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 283.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cia Energetica DE Minas Gerais - Cemig's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.41%.

Cia Energetica DE Minas Gerais - Cemig EBIT Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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.

Cia Energetica DE Minas Gerais - Cemig EBIT Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,423.56

1,012.30

1,187.11

1,256.34

1,670.73

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															610.63	383.02	387.21	356.70	503.90

Competitive Comparison of Cia Energetica DE Minas Gerais - Cemig's EBIT

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig'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.

Cia Energetica DE Minas Gerais - Cemig's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's EV-to-EBIT falls into.

Cia Energetica DE Minas Gerais - Cemig 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 quarterly data reported by the company within the most recent 12 months, which was $1,631 Mil.

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG.C) EBIT Explanation

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

Cia Energetica DE Minas Gerais - Cemig'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1358.792 * ( 1 - 5.83% )	/	( (9193.31	+	9741.214)	/ 2 )
=	1279.5744264	/	9467.262
=	13.52 %

where

	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	))
=	11372.223	-	1530.362	-	( 1013.02	-	max(0, 2169.802	-	2818.353	+	1013.02	))
=	9193.31

	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	))
=	11224.948	-	1733.54	-	( 637.781	-	max(0, 2672.15	-	2422.344	+	637.781	))
=	9741.214

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

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

Cia Energetica DE Minas Gerais - Cemig'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2015.596	/	( ( (675.076 + max(-597.121, 0))	+	(745.745 + max(-731.866, 0)) )	/	2 )
=	2015.596	/	( ( 675.076	+	745.745 )	/	2 )
=	2015.596	/	710.4105
=	283.72 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1010.995	+	0	+	311.013)	-	(1530.362	+	0	+	388.767)
=	-597.121

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1109.025	+	0	+	278.379)	-	(1733.54	+	0	+	385.73)
=	-731.866

When net working capital is negative, 0 is used.

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

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

Cia Energetica DE Minas Gerais - Cemig's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1630.829	/	7989.114
	=	20.41 %

Cia Energetica DE Minas Gerais - Cemig EBIT Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG.C) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CIG:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.