China Datang Renewable Power Co (HKSE:01798) EBIT : HK$5,084 Mil (TTM As of Jun. 2024)

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What is China Datang Renewable Power Co EBIT?

China Datang Renewable Power Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$3,396 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$5,084 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Datang Renewable Power Co's annualized ROC % for the quarter that ended in Jun. 2024 was 5.28%. China Datang Renewable Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Datang Renewable Power Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 5.50%.

China Datang Renewable Power Co EBIT Historical Data

The historical data trend for China Datang Renewable Power 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.

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China Datang Renewable Power Co EBIT Chart

China Datang Renewable Power Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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4,772.97

5,871.06

6,989.34

5,840.15

5,055.88

China Datang Renewable Power Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial															2,983.19	3,939.95	1,900.21	3,395.67	1,688.20

Competitive Comparison of China Datang Renewable Power Co's EBIT

For the Utilities - Renewable subindustry, China Datang Renewable Power 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.

China Datang Renewable Power Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Datang Renewable Power Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Datang Renewable Power Co's EV-to-EBIT falls into.

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China Datang Renewable Power 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 HK$5,084 Mil.

China Datang Renewable Power Co (HKSE:01798) EBIT Explanation

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

China Datang Renewable Power 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 )
=	6630.872 * ( 1 - 14.84% )	/	( (107312.616	+	106530.438)	/ 2 )
=	5646.8505952	/	106921.527
=	5.28 %

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	))
=	111068.111	-	394.632	-	( 3360.863	-	max(0, 20831.295	-	24618.979	+	3360.863	))
=	107312.616

	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	))
=	113573.628	-	8430.037	-	( 2643.308	-	max(0, 28130.77	-	26743.923	+	2643.308	))
=	106530.438

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:

China Datang Renewable Power 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 )
=	6791.33	/	( ( (82052.683 + max(12414.413, 0))	+	(82817.086 + max(13768.132, 0)) )	/	2 )
=	6791.33	/	( ( 94467.096	+	96585.218 )	/	2 )
=	6791.33	/	95526.157
=	7.11 %

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)
=	(19496.788	+	121.239	+	1675.838)	-	(394.632	+	0	+	8484.82)
=	12414.413

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(22074.729	+	131.104	+	50.125)	-	(8430.037	+	0	+	57.789000000001)
=	13768.132

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:

China Datang Renewable Power Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	5083.864	/	92431.261
	=	5.50 %

China Datang Renewable Power Co EBIT Related Terms

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China Datang Renewable Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Datang Corp Renewable Power Co Ltd (HKSE:01798) » Definitions » EBIT

Traded in Other Exchanges

DT7:Germany

Address

No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053

Website

http://www.cdt-re.com

China Datang Corp Renewable Power Co Ltd is a China-based company engaged in the generation and sale of wind power and other renewable power. The Company's main businesses include the development, investment, construction and management of wind power and other renewable energy sources; research and development, application and promotion of low carbon technology; research, sale, testing and maintenance. The company also operates solar power plants on a smaller scale. China Datang Group is the key shareholder with a controlling stake of more than 60%.

Executives

Chang Cheng Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Blackrock, Inc.	2201 Interest of corporation controlled by you
Alliancebernstein L.p.	2201 Interest of corporation controlled by you
Bao-trans Enterprises Limited	2101 Beneficial owner
Bao Shan Gang Tie Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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