CGN New Energy Holdings Co (HKSE:01811) EBIT : HK$4,423 Mil (TTM As of Dec. 2023)

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What is CGN New Energy Holdings Co EBIT?

CGN New Energy Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$1,635 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$4,423 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CGN New Energy Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 was 3.83%. CGN New Energy Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CGN New Energy Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.79%.

CGN New Energy Holdings Co EBIT Historical Data

The historical data trend for CGN New Energy Holdings 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.

CGN New Energy Holdings Co EBIT Chart

CGN New Energy Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,052.87

2,714.51

3,770.01

3,893.47

4,414.83

CGN New Energy Holdings 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															1,389.44	2,722.55	1,192.68	2,788.25	1,634.83

Competitive Comparison of CGN New Energy Holdings Co's EBIT

For the Utilities - Independent Power Producers subindustry, CGN New Energy Holdings 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.

CGN New Energy Holdings Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CGN New Energy Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CGN New Energy Holdings Co's EV-to-EBIT falls into.

CGN New Energy Holdings 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 HK$4,423 Mil.

CGN New Energy Holdings Co (HKSE:01811) EBIT Explanation

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

CGN New Energy Holdings 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 )
=	3398.668 * ( 1 - 32.39% )	/	( (58224.945	+	61732.448)	/ 2 )
=	2297.8394348	/	59978.6965
=	3.83 %

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	))
=	63629.496	-	5381.459	-	( 2803.11	-	max(0, 14546.202	-	14569.294	+	2803.11	))
=	58224.945

	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	))
=	65212.939	-	5313.069	-	( 2355.951	-	max(0, 15640.109	-	13807.531	+	2355.951	))
=	61732.448

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:

CGN New Energy Holdings 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 )
=	3269.666	/	( ( (44669.085 + max(2776.893, 0))	+	(48133.055 + max(3132.845, 0)) )	/	2 )
=	3269.666	/	( ( 47445.978	+	51265.9 )	/	2 )
=	3269.666	/	49355.939
=	6.62 %

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)
=	(6071.202	+	439.29	+	1675.792)	-	(5381.459	+	0	+	27.931999999999)
=	2776.893

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5982.525	+	348.692	+	2147.109)	-	(5313.069	+	0	+	32.412)
=	3132.845

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:

CGN New Energy Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	4423.083	/	56758.907
	=	7.79 %

CGN New Energy Holdings Co EBIT Related Terms

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CGN New Energy Holdings Co (HKSE:01811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN New Energy Holdings Co Ltd (HKSE:01811) » Definitions » EBIT

Traded in Other Exchanges

C41:Germany

Address

25 Harbour Road, 15th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

http://www.cgnne.com

CGN New Energy Holdings Co Ltd together with its subsidiaries is engaged in the generation and supply of electricity and steam, the construction and operation of power stations, and other associated facilities in PRC and Korea. The company has three reportable segments; Power plants in the PRC include the Generation and supply of electricity, Power plants in Korea include the Generation and supply of electricity, and Management companies include the Provision of management services to power plants operated by CGN and its subsidiaries.

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