Canvest Environmental Protection Group Co (FRA:0XC) EBIT : €213.7 Mil (TTM As of Dec. 2023)

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What is Canvest Environmental Protection Group Co EBIT?

Canvest Environmental Protection Group Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €92.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €213.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canvest Environmental Protection Group Co's annualized ROC % for the quarter that ended in Dec. 2023 was 4.93%. Canvest Environmental Protection Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 69.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canvest Environmental Protection Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.23%.

Canvest Environmental Protection Group Co EBIT Historical Data

The historical data trend for Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group Co EBIT Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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142.18

170.54

223.65

274.17

213.25

Canvest Environmental Protection Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															119.20	144.45	128.87	121.12	92.56

Competitive Comparison of Canvest Environmental Protection Group Co's EBIT

For the Waste Management subindustry, Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group Co's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canvest Environmental Protection Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Canvest Environmental Protection Group Co's EV-to-EBIT falls into.

Canvest Environmental Protection Group 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 semi-annually data reported by the company within the most recent 12 months, which was €213.7 Mil.

Canvest Environmental Protection Group Co (FRA:0XC) EBIT Explanation

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

Canvest Environmental Protection Group 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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	160.716 * ( 1 - 11.88% )	/	( (2799.21	+	2951.426)	/ 2 )
=	141.6229392	/	2875.318
=	4.93 %

where

	Invested Capital		(Q: Jun. 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	))
=	3129.399	-	241.967	-	( 216.445	-	max(0, 471.265	-	559.487	+	216.445	))
=	2799.21

	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	))
=	3179.072	-	210.61	-	( 222.815	-	max(0, 565.358	-	582.394	+	222.815	))
=	2951.426

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Canvest Environmental Protection Group 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	185.126	/	( ( (243.969 + max(4.517, 0))	+	(260.465 + max(21.324, 0)) )	/	2 )
=	185.126	/	( ( 248.486	+	281.789 )	/	2 )
=	185.126	/	265.1375
=	69.82 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(194.897	+	3.968	+	86.64)	-	(241.967	+	0	+	39.021)
=	4.517

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(214.707	+	3.713	+	80.805)	-	(210.61	+	0	+	67.291)
=	21.324

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Canvest Environmental Protection Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	213.682	/	2595.888
	=	8.23 %

Canvest Environmental Protection Group Co EBIT Related Terms

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Canvest Environmental Protection Group Co (FRA:0XC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (FRA:0XC) » Definitions » EBIT

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Traded in Other Exchanges

01381:Hong Kong

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

http://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd develops and operates waste-to-energy plants. Incineration systems and technologies help treat waste and process components into energy. The company sells energy to clients, and continues to monitor applications and work toward reducing emissions of carbon dioxide. Revenues can be broken down into four business areas: Power sales, Waste treatment fees, Construction, and Finance income. It treats various types of waste, including sludge, ash from incineration systems, industrial sold waste, and wastewater. The majority of the company's revenue and assets are generated and located in China.

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