Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) EBIT : $388 Mil (TTM As of Dec. 2023)

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What is Atlantica Sustainable Infrastructure EBIT?

Atlantica Sustainable Infrastructure's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $388 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atlantica Sustainable Infrastructure's annualized ROC % for the quarter that ended in Dec. 2023 was 0.73%. Atlantica Sustainable Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 42.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Atlantica Sustainable Infrastructure's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.28%.

Atlantica Sustainable Infrastructure EBIT Historical Data

The historical data trend for Atlantica Sustainable Infrastructure'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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Atlantica Sustainable Infrastructure EBIT Chart

Atlantica Sustainable Infrastructure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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454.23

357.99

327.86

280.27

387.59

Atlantica Sustainable Infrastructure Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															54.00	69.22	122.35	129.78	66.23

Competitive Comparison of Atlantica Sustainable Infrastructure's EBIT

For the Utilities - Renewable subindustry, Atlantica Sustainable Infrastructure'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.

Atlantica Sustainable Infrastructure's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Atlantica Sustainable Infrastructure's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Atlantica Sustainable Infrastructure's EV-to-EBIT falls into.

Atlantica Sustainable Infrastructure 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 $388 Mil.

Atlantica Sustainable Infrastructure (NAS:AY) EBIT Explanation

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

Atlantica Sustainable Infrastructure'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 )
=	112.408 * ( 1 - 46.45% )	/	( (8224.087	+	8170.465)	/ 2 )
=	60.194484	/	8197.276
=	0.73 %

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	))
=	8861.643	-	173.55	-	( 764.19	-	max(0, 619.049	-	1083.055	+	764.19	))
=	8224.087

	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	))
=	8714.333	-	169.468	-	( 460.215	-	max(0, 607.782	-	982.182	+	460.215	))
=	8170.465

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

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

Atlantica Sustainable Infrastructure'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 )
=	264.936	/	( ( (866.965 + max(100.795, 0))	+	(0 + max(275.173, 0)) )	/	2 )
=	264.936	/	( ( 967.76	+	275.173 )	/	2 )
=	264.936	/	621.4665
=	42.63 %

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)
=	(225.144	+	27.705	+	26.84)	-	(173.55	+	5.344	+	0)
=	100.795

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(213.345	+	29.87	+	218.331)	-	(169.468	+	16.905	+	1.1368683772162E-13)
=	275.173

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:

Atlantica Sustainable Infrastructure's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	387.585	/	7345.945
	=	5.28 %

Atlantica Sustainable Infrastructure EBIT Related Terms

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Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atlantica Sustainable Infrastructure PLC (NAS:AY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AY3:Germany

Address

Great West Road, 17th Floor, Great West House, GW1, Brentford, GBR, TW8 9DF

Website

https://www.atlantica.com

Atlantica Sustainable Infrastructure PLC owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets. It is focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil, and Uruguay) and EMEA (Spain, Algeria and South Africa). The company's segments include North America, South America and Europe, Middle East and Africa. The renewable energy sector includes the company's activities related to the production of electricity from solar power and wind plants. Atlantica derives most of its revenues from EMEA, followed by South America and North America.