GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Serena Energia SA (BSP:SRNA3) » Definitions » EBIT

Serena Energia (BSP:SRNA3) EBIT : R$871 Mil (TTM As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Serena Energia EBIT?

Serena Energia's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was R$382 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$871 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Serena Energia's annualized ROC % for the quarter that ended in Dec. 2023 was 6.17%. Serena Energia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Serena Energia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.97%.


Serena Energia EBIT Historical Data

The historical data trend for Serena Energia'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.

Serena Energia EBIT Chart

Serena Energia Annual Data
Trend Dec21 Dec22 Dec23
EBIT
803.99 673.86 966.74

Serena Energia Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 217.20 295.63 136.20 352.60 382.05

Competitive Comparison of Serena Energia's EBIT

For the Utilities - Renewable subindustry, Serena Energia'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.


Serena Energia's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Serena Energia's EV-to-EBIT falls into.



Serena Energia 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$871 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.


Serena Energia  (BSP:SRNA3) EBIT Explanation

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

Serena Energia'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 )
=1442.512 * ( 1 - 13.73% )/( (19963.848 + 20392.872)/ 2 )
=1244.4551024/20178.36
=6.17 %

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))
=17945.361 - 322.33 - ( 758.466 - max(0, 4463.021 - 2122.204+758.466))
=19963.848

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))
=18761.66 - 469.106 - ( 950.162 - max(0, 4603.489 - 2503.171+950.162))
=20392.872

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

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

Serena Energia'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 )
=1528.208/( ( (11146.044 + max(85.922000000001, 0)) + (11819.939 + max(128.01, 0)) )/ 2 )
=1528.208/( ( 11231.966 + 11947.949 )/ 2 )
=1528.208/11589.9575
=13.19 %

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)
=(365.643 + 0 + 985.73) - (322.33 + 0 + 943.121)
=85.922000000001

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(410.136 + 0 + 1105.032) - (469.106 + 0 + 918.052)
=128.01

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:

Serena Energia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=870.85/14575.064
=5.97 %

* 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.


Serena Energia EBIT Related Terms

Thank you for viewing the detailed overview of Serena Energia's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Serena Energia (BSP:SRNA3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Elvira Ferraz, no. 68, 12th floor, Conjuntos no. 123 and 124, Vila Olimpia, Sao Paulo, SP, BRA, 04552-040
Serena Energia SA is engaged in the generation of renewable energy. Its portfolio includes wind, hydro, and solar operational assets.

Serena Energia (BSP:SRNA3) Headlines

No Headlines