ReNew Energy Global (ReNew Energy Global) EBIT

: $540 Mil (TTM As of Dec. 2023)

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ReNew Energy Global's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $102 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $540 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ReNew Energy Global's annualized ROC % for the quarter that ended in Dec. 2023 was 4.72%. ReNew Energy Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ReNew Energy Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.37%.

ReNew Energy Global EBIT Historical Data

The historical data trend for ReNew Energy Global'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.

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

449.02

440.17

420.29

317.79

520.58

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT												97.13	34.26	190.59	212.74	102.49

Competitive Comparison

For the Utilities - Renewable subindustry, ReNew Energy Global'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.

ReNew Energy Global EV-to-EBIT Distribution

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

* The bar in red indicates where ReNew Energy Global's EV-to-EBIT falls into.

ReNew Energy Global 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 $540 Mil.

ReNew Energy Global (NAS:RNW) EBIT Explanation

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

ReNew Energy Global'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 )
=	494.2 * ( 1 - 1.17% )	/	( (9885.915	+	10829.774)	/ 2 )
=	488.41786	/	10357.8445
=	4.72 %

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	))
=	9792.392	-	102.179	-	( 1053.401	-	max(0, 1646.226	-	1450.524	+	1053.401	))
=	9885.915

	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	))
=	10650.984	-	113.532	-	( 1378.997	-	max(0, 1976.181	-	1683.859	+	1378.997	))
=	10829.774

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

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

ReNew Energy Global'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 )
=	409.976	/	( ( (7266.691 + max(-237.848, 0))	+	(7885.231 + max(-465.635, 0)) )	/	2 )
=	409.976	/	( ( 7266.691	+	7885.231 )	/	2 )
=	409.976	/	7575.961
=	5.41 %

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)
=	(235.211	+	17.937	+	128.831)	-	(102.179	+	0.132	+	517.516)
=	-237.848

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(181.084	+	21.26	+	85.93)	-	(113.532	+	0.132	+	640.245)
=	-465.635

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:

ReNew Energy Global's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	540.071	/	8477.750
	=	6.37 %

ReNew Energy Global EBIT Related Terms

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ReNew Energy Global (ReNew Energy Global) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

C/o Vistra (UK) Ltd., 4th Floor 11-12 St. James’ Square, London, GBR, SW1Y 4LB

Website

https://www.renewpower.in

ReNew Energy Global PLC is a Developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The Company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.