China Everbright Environment Group (FRA:CNE) EBIT : €1,250 Mil (TTM As of Dec. 2023)

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What is China Everbright Environment Group EBIT?

China Everbright Environment Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €515 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €1,250 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Everbright Environment Group's annualized ROC % for the quarter that ended in Dec. 2023 was 4.62%. China Everbright Environment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 76.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Everbright Environment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.67%.

China Everbright Environment Group EBIT Historical Data

The historical data trend for China Everbright Environment Group'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.

China Everbright Environment Group EBIT Chart

China Everbright Environment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,161.68

1,235.06

1,499.84

1,296.87

1,247.76

China Everbright Environment Group 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															668.76	724.51	568.07	735.87	514.50

Competitive Comparison of China Everbright Environment Group's EBIT

For the Waste Management subindustry, China Everbright Environment Group'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.

China Everbright Environment Group's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Everbright Environment Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Everbright Environment Group's EV-to-EBIT falls into.

China Everbright Environment Group 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 €1,250 Mil.

China Everbright Environment Group (FRA:CNE) EBIT Explanation

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

China Everbright Environment Group'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 )
=	1269.008 * ( 1 - 27.24% )	/	( (19962.707	+	20009.367)	/ 2 )
=	923.3302208	/	19986.037
=	4.62 %

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	))
=	22320.639	-	1696.875	-	( 1034.417	-	max(0, 4796.467	-	5457.524	+	1034.417	))
=	19962.707

	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	))
=	22213.2	-	1503.06	-	( 1007.106	-	max(0, 4835.788	-	5536.561	+	1007.106	))
=	20009.367

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:

China Everbright Environment Group'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 )
=	1029.002	/	( ( (1173.713 + max(124.599, 0))	+	(1042.868 + max(351.243, 0)) )	/	2 )
=	1029.002	/	( ( 1298.312	+	1394.111 )	/	2 )
=	1029.002	/	1346.2115
=	76.44 %

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)
=	(2197.726	+	128.411	+	36.096)	-	(1696.875	+	0	+	540.759)
=	124.599

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2346.021	+	105.044	+	21.48)	-	(1503.06	+	0	+	618.242)
=	351.243

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:

China Everbright Environment Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1250.368	/	12934.070
	=	9.67 %

China Everbright Environment Group EBIT Related Terms

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China Everbright Environment Group (FRA:CNE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Everbright Environment Group Ltd (FRA:CNE) » Definitions » EBIT

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CHFFY:USA CHFFF:USA 00257:Hong Kong

Address

16 Harcourt Road, Room 2703, 27th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.cebenvironment.com

China Everbright Environment Group Ltd is engaged in construction, environmental energy project operation, Greentech project operation, environmental water project operation, the conduct of environmental protection technology research and development, provision of environmental-related technological services, design of environmental protection projects, provision of environmental protection project equipment construction and installation services and sales of related equipment, provision of waste sorting, renewable resources utilization, sanitation operation services, sales of energy-saving streetlights. Its segments are Environmental energy project construction and operation, Greentech project construction and operation, Environmental water project construction and operation, and Others.

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