Towngas Smart Energy Co (FRA:PGJ) EBIT : €300 Mil (TTM As of Jun. 2024)

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What is Towngas Smart Energy Co EBIT?

Towngas Smart Energy Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €173 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €300 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Towngas Smart Energy Co's annualized ROC % for the quarter that ended in Jun. 2024 was 2.56%. Towngas Smart Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Towngas Smart Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.85%.

Towngas Smart Energy Co EBIT Historical Data

The historical data trend for Towngas Smart Energy 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.

Towngas Smart Energy Co EBIT Chart

Towngas Smart Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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277.46

278.19

309.49

282.60

347.55

Towngas Smart Energy Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															218.87	62.43	221.67	126.67	173.26

Competitive Comparison of Towngas Smart Energy Co's EBIT

For the Utilities - Regulated Gas subindustry, Towngas Smart Energy 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.

Towngas Smart Energy Co's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Towngas Smart Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Towngas Smart Energy Co's EV-to-EBIT falls into.

Towngas Smart Energy 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €300 Mil.

Towngas Smart Energy Co (FRA:PGJ) EBIT Explanation

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

Towngas Smart Energy Co'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 )
=	226.02 * ( 1 - 23.2% )	/	( (6417.39	+	7125.595)	/ 2 )
=	173.58336	/	6771.4925
=	2.56 %

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	))
=	6277.643	-	609.539	-	( 481.627	-	max(0, 1695.226	-	945.94	+	481.627	))
=	6417.39

	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	))
=	6380.529	-	688.712	-	( 461.912	-	max(0, 2398.831	-	965.053	+	461.912	))
=	7125.595

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:

Towngas Smart Energy Co'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 )
=	346.526	/	( ( (3471.74 + max(-710.538, 0))	+	(3561.92 + max(-738.721, 0)) )	/	2 )
=	346.526	/	( ( 3471.74	+	3561.92 )	/	2 )
=	346.526	/	3516.83
=	9.85 %

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)
=	(171.976	+	69.112	+	85.572)	-	(609.539	+	0	+	427.659)
=	-710.538

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(201.117	+	70.737	+	83.018)	-	(688.712	+	0	+	404.881)
=	-738.721

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:

Towngas Smart Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	299.931	/	3388.169
	=	8.85 %

Towngas Smart Energy Co EBIT Related Terms

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Towngas Smart Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Towngas Smart Energy Co Ltd (FRA:PGJ) » Definitions » EBIT

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01083:Hong Kong PGJ:Germany

Address

363 Java Road, North Point, 23rd Floor, Hong Kong, HKG

Website

https://www.towngaschina.com

Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of piped gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has four operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, Renewable energy business includes Sales of renewable energy (mainly photovoltaic power) and other related energy and services and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.