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CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) EBIT : R$300 Mil (TTM As of Dec. 2023)


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What is CIA Catarinense de Aguas eneamento - CASAN EBIT?

CIA Catarinense de Aguas eneamento - CASAN's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was R$86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$300 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CIA Catarinense de Aguas eneamento - CASAN's annualized ROC % for the quarter that ended in Dec. 2023 was 4.26%. CIA Catarinense de Aguas eneamento - CASAN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 41.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CIA Catarinense de Aguas eneamento - CASAN's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.59%.


CIA Catarinense de Aguas eneamento - CASAN EBIT Historical Data

The historical data trend for CIA Catarinense de Aguas eneamento - CASAN'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 Catarinense de Aguas eneamento - CASAN EBIT Chart

CIA Catarinense de Aguas eneamento - CASAN Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 290.31 241.67 296.03 292.87 299.23

CIA Catarinense de Aguas eneamento - CASAN 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 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 74.17 96.42 50.24 67.44 86.35

Competitive Comparison of CIA Catarinense de Aguas eneamento - CASAN's EBIT

For the Utilities - Regulated Water subindustry, CIA Catarinense de Aguas eneamento - CASAN'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 Catarinense de Aguas eneamento - CASAN's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIA Catarinense de Aguas eneamento - CASAN's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CIA Catarinense de Aguas eneamento - CASAN's EV-to-EBIT falls into.



CIA Catarinense de Aguas eneamento - CASAN 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 R$300 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.


CIA Catarinense de Aguas eneamento - CASAN  (BSP:CASN3) EBIT Explanation

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

CIA Catarinense de Aguas eneamento - CASAN'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 )
=296.312 * ( 1 - 33.12% )/( (4673.373 + 4639.15)/ 2 )
=198.1734656/4656.2615
=4.26 %

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))
=4552.176 - 193.62 - ( 76.083 - max(0, 842.135 - 527.318+76.083))
=4673.373

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))
=5015.791 - 192.845 - ( 455.782 - max(0, 733.898 - 917.694+455.782))
=4639.15

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 Catarinense de Aguas eneamento - CASAN'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 )
=345.412/( ( (1396.617 + max(66.519, 0)) + (106.397 + max(88.977, 0)) )/ 2 )
=345.412/( ( 1463.136 + 195.374 )/ 2 )
=345.412/829.255
=41.65 %

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)
=(265.363 + 137.003 + 43.168) - (193.62 + 0 + 185.395)
=66.519

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(283.815 + 130.523 + 41.675) - (192.845 + 0 + 174.191)
=88.977

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 Catarinense de Aguas eneamento - CASAN's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=300.441/11609.326
=2.59 %

* 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.


CIA Catarinense de Aguas eneamento - CASAN EBIT Related Terms

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CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Emílio Blum No. 83, Centro, Florianopolis, SC, BRA, 88020010
CIA Catarinense de Aguas e Saneamento - CASAN operates in municipalities through program contracts and also agreements. It coordinates, plans, executes, operates and explores the public utilities of sewage and drinking water supply. It also carries out basic sanitation works in the municipalities in the state of Santa Catarina.

CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) Headlines

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