EDP Renovaveis (FRA:EDW) EBIT : €1,098 Mil (TTM As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is EDP Renovaveis EBIT?

EDP Renovaveis's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €348 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €1,098 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EDP Renovaveis's annualized ROC % for the quarter that ended in Dec. 2023 was -5.28%. EDP Renovaveis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EDP Renovaveis's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.85%.

EDP Renovaveis EBIT Historical Data

The historical data trend for EDP Renovaveis'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.

EDP Renovaveis EBIT Chart

EDP Renovaveis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

1,097.39

1,082.43

1,188.05

1,408.24

1,098.49

EDP Renovaveis 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															611.24	194.00	305.98	250.02	348.49

Competitive Comparison of EDP Renovaveis's EBIT

For the Utilities - Renewable subindustry, EDP Renovaveis'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.

EDP Renovaveis's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where EDP Renovaveis's EV-to-EBIT falls into.

EDP Renovaveis 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 €1,098 Mil.

EDP Renovaveis (FRA:EDW) EBIT Explanation

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

EDP Renovaveis'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 )
=	-593.992 * ( 1 - -156.45% )	/	( (29396	+	28275.908)	/ 2 )
=	-1523.292484	/	28835.954
=	-5.28 %

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	))
=	30122	-	0	-	( 726	-	max(0, 777	-	4081	+	726	))
=	29396

	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	))
=	30046.652	-	3587.296	-	( 1368.853	-	max(0, 5419.73	-	3603.178	+	1368.853	))
=	28275.908

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

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

EDP Renovaveis'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 )
=	1393.964	/	( ( (21155 + max(258, 0))	+	(21187.801 + max(-2380.03, 0)) )	/	2 )
=	1393.964	/	( ( 21413	+	21187.801 )	/	2 )
=	1393.964	/	21300.4005
=	6.54 %

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)
=	(616	+	100	+	319)	-	(0	+	0	+	777)
=	258

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(350.854	+	254.267	+	1146.035)	-	(3587.296	+	0	+	543.89)
=	-2380.03

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:

EDP Renovaveis's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1098.491	/	22651.283
	=	4.85 %

EDP Renovaveis EBIT Related Terms

Thank you for viewing the detailed overview of EDP Renovaveis's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

EDP Renovaveis (FRA:EDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EDP Renovaveis SA (FRA:EDW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EDRVF:USA EDPR:Portugal EDPRu:UK 0ML1:UK

Address

Calle Serrano Galvache, 56, Centro Empresarial Parque Norte, 7th Floor, Edificio Olmo, Madrid, ESP, 28033

Website

http://www.edpr.com

EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewables plants, mostly wind and solar. With 14.7 GW of net installed capacity at the end of 2022, EDP Renovaveis is the fourth-largest renewables player in the world and the third-largest in the U.S. and Europe. The group's plants are mainly located in the U.S., Spain, Portugal, Poland, and Brazil.

EDP Renovaveis (FRA:EDW) Headlines

No Headlines