Datang International Power Generation Co (SHSE:601991) EBIT : ¥11,300 Mil (TTM As of Dec. 2023)

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What is Datang International Power Generation Co EBIT?

Datang International Power Generation Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ¥1,701 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ¥11,300 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Datang International Power Generation Co's annualized ROC % for the quarter that ended in Dec. 2023 was -7.77%. Datang International Power Generation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Datang International Power Generation Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.33%.

Datang International Power Generation Co EBIT Historical Data

The historical data trend for Datang International Power Generation Co'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.

Datang International Power Generation Co EBIT Chart

Datang International Power Generation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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11,816.50

14,017.18

-4,550.02

6,642.20

11,299.60

Datang International Power Generation Co 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															218.16	1,759.23	3,733.96	4,104.97	1,701.44

Competitive Comparison of Datang International Power Generation Co's EBIT

For the Utilities - Independent Power Producers subindustry, Datang International Power Generation Co'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.

Datang International Power Generation Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Datang International Power Generation Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Datang International Power Generation Co's EV-to-EBIT falls into.

Datang International Power Generation Co 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 ¥11,300 Mil.

Datang International Power Generation Co (SHSE:601991) EBIT Explanation

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

Datang International Power Generation Co'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 )
=	8141.58 * ( 1 - 403.35% )	/	( (309274.167	+	326346.264)	/ 2 )
=	-24697.48293	/	317810.2155
=	-7.77 %

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	))
=	301012.271	-	27369.278	-	( 11116.137	-	max(0, 77565.752	-	41934.578	+	11116.137	))
=	309274.167

	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	))
=	303998.918	-	28587.753	-	( 9016.673	-	max(0, 91230.324	-	40295.225	+	9016.673	))
=	326346.264

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

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

Datang International Power Generation Co'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 )
=	6805.764	/	( ( (215244.428 + max(-2475.078, 0))	+	(221811.768 + max(-3365.189, 0)) )	/	2 )
=	6805.764	/	( ( 215244.428	+	221811.768 )	/	2 )
=	6805.764	/	218528.098
=	3.11 %

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)
=	(18178.13	+	4133.063	+	6736.795)	-	(27369.278	+	0	+	4153.788)
=	-2475.078

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19619.049	+	3634.605	+	6649.652)	-	(28587.753	+	0	+	4680.742)
=	-3365.189

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:

Datang International Power Generation Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	11299.596	/	212174.347
	=	5.33 %

Datang International Power Generation Co EBIT Related Terms

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Datang International Power Generation Co (SHSE:601991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Datang International Power Generation Co Ltd (SHSE:601991) » Definitions » EBIT

Traded in Other Exchanges

DIPGF:USA 00991:Hong Kong BJI:Germany

Address

No.9 Guangningbo Street, Xicheng District, Beijing, CHN, 100033

Website

http://www.dtpower.com

Datang International Power Generation Co Ltd is one of five state-controlled independent power producers in China. The power generation businesses of the Company and its subsidiaries cover provinces, municipalities and autonomous regions across the country, whereas coalfired power generators of the Company are centralized in the Beijing-Tianjin-Hebei and southeast coastal regions. Majority of the hydropower projects are located in the south west region. Wind power and photovoltaic power projects are distributed across the country in areas with abundant resources. The operating segments of the group are: Power and heat generation segment; Coal segment and Other segments.

Datang International Power Generation Co (SHSE:601991) Headlines

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