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Corre Energy BV (DUB:CORRE) EBIT : €16.38 Mil (TTM As of Jun. 2024)


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What is Corre Energy BV EBIT?

Corre Energy BV's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €1.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €16.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corre Energy BV's annualized ROC % for the quarter that ended in Jun. 2024 was 3,024.37%. Corre Energy BV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 16.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corre Energy BV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 63.58%.

Corre Energy BV EBIT Historical Data

The historical data trend for Corre Energy BV'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.

Corre Energy BV EBIT Chart

Corre Energy BV Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-4.03 -3.00 -7.58 -33.20 3.79

Corre Energy BV Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only -17.73 -15.47 -11.00 14.79 1.59

Competitive Comparison of Corre Energy BV's EBIT

For the Utilities - Renewable subindustry, Corre Energy BV'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.

Corre Energy BV's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

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

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


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Corre Energy BV 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €16.38 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.

Corre Energy BV  (DUB:CORRE) EBIT Explanation

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

Corre Energy BV's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-11.822 * ( 1 - 10668.42% )/( (39.54 + 43.082)/ 2 )
=1249.3986124/41.311
=3,024.37 %

where

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))
=38.683 - 1.939 - ( 1.082 - max(0, 6.665 - 3.869+1.082))
=39.54

Invested Capital(Q: Jun. 2024 )
=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))
=41.439 - 5.622 - ( 0.286 - max(0, 10.377 - 3.112+0.286))
=43.082

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Corre Energy BV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.176/( ( (18.773 + max(-4.481, 0)) + (20.414 + max(-7.556, 0)) )/ 2 )
=3.176/( ( 18.773 + 20.414 )/ 2 )
=3.176/19.5935
=16.21 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1.565) - (1.939 + 0 + 4.107)
=-4.481

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 2.821) - (5.622 + 0 + 4.755)
=-7.556

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=16.381/25.764
=63.58 %

* 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.

Corre Energy BV EBIT Related Terms

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Corre Energy BV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corre Energy BV (DUB:CORRE) » Definitions » EBIT
Comparable Companies
SHSE:600900 GEV CEG ISX:BREN WBO:VER SHSE:600025 OCSE:ORSTED BOM:541450 SHSE:600905 BSP:ELET3 SHSE:600886 OHEL:FORTUM TSE:9503 SZSE:001289 BSE:H2O SHSE:600795 NSE:NTPCGREEN BOM:533098 XSWX:BKW XLIS:EDPR
Traded in Other Exchanges
N/A
Address
Helperpark 278-3, Groningen, NLD, 9723 ZA
Website
https://www.corre.energy
Corre Energy BV is specialized in the development, construction, and operation of large-scale, underground renewable energy storage facilities. The group develops salt cavern energy storage facilities that use compressed air and hydrogen, and which enable mass energy storage for later use in offsetting the intermittent effects of renewable energy. It is also developing business activities in the production and sale of green energy.

Corre Energy BV Headlines

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