Abu Dhabi National Energy Co PJSC (ADX:TAQA) EBIT : د.إ22,025 Mil (TTM As of Dec. 2023)

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What is Abu Dhabi National Energy Co PJSC EBIT?

Abu Dhabi National Energy Co PJSC's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was د.إ2,291 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ22,025 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abu Dhabi National Energy Co PJSC's annualized ROC % for the quarter that ended in Dec. 2023 was 3.19%. Abu Dhabi National Energy Co PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abu Dhabi National Energy Co PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.96%.

Abu Dhabi National Energy Co PJSC EBIT Historical Data

The historical data trend for Abu Dhabi National Energy Co PJSC'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.

Abu Dhabi National Energy Co PJSC EBIT Chart

Abu Dhabi National Energy Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3,183.00

5,112.00

9,071.00

10,885.00

22,025.00

Abu Dhabi National Energy Co PJSC 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															923.00	13,881.00	3,109.00	2,744.00	2,291.00

Competitive Comparison of Abu Dhabi National Energy Co PJSC's EBIT

For the Utilities - Diversified subindustry, Abu Dhabi National Energy Co PJSC'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.

Abu Dhabi National Energy Co PJSC's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Abu Dhabi National Energy Co PJSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Energy Co PJSC's EV-to-EBIT falls into.

Abu Dhabi National Energy Co PJSC 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 د.إ22,025 Mil.

Abu Dhabi National Energy Co PJSC (ADX:TAQA) EBIT Explanation

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

Abu Dhabi National Energy Co PJSC'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 )
=	6564 * ( 1 - 13.7% )	/	( (173939	+	181718)	/ 2 )
=	5664.732	/	177828.5
=	3.19 %

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	))
=	195012	-	24162	-	( 13826	-	max(0, 30298	-	27209	+	13826	))
=	173939

	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	))
=	194000	-	15525	-	( 15051	-	max(0, 31172	-	27929	+	15051	))
=	181718

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

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

Abu Dhabi National Energy Co PJSC'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 )
=	9164	/	( ( (115603 + max(-13295, 0))	+	(115384 + max(-15754, 0)) )	/	2 )
=	9164	/	( ( 115603	+	115384 )	/	2 )
=	9164	/	115493.5
=	7.93 %

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)
=	(7210	+	3394	+	380)	-	(24162	+	0	+	117)
=	-13295

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3135	+	3202	+	2667)	-	(15525	+	0	+	9233)
=	-15754

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:

Abu Dhabi National Energy Co PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	22025	/	369379.298
	=	5.96 %

Abu Dhabi National Energy Co PJSC EBIT Related Terms

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Abu Dhabi National Energy Co PJSC (ADX:TAQA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Abu Dhabi National Energy Co PJSC (ADX:TAQA) » Definitions » EBIT

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Traded in Other Exchanges

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Address

Abu Dhabi Global Market Square, 25th Floor, Al Maqam Tower (Tower 3), P.O. Box 55224, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.taqa.com

Abu Dhabi National Energy Co PJSC which is majority-owned by the Abu Dhabi government is a fully integrated leading global energy provider with operations in nine markets around the world. Its segment includes Power and Water Generation segment, Power and Water Transmission and Distribution segment, Oil and Gas segment which is in North America, Europe, and Atrush. These segments provide services in power generation, water desalination, oil and gas exploration, pipelines, as well as gas storage.

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