Trina Solar Co (SHSE:688599) EBIT : ¥6,162 Mil (TTM As of Mar. 2024)

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What is Trina Solar Co EBIT?

Trina Solar Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥875 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥6,162 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trina Solar Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.20%. Trina Solar Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trina Solar Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.58%.

Trina Solar Co EBIT Historical Data

The historical data trend for Trina Solar 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.

Trina Solar Co EBIT Chart

Trina Solar Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,313.09

1,836.18

2,809.06

4,630.24

7,824.26

Trina Solar Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															2,537.77	2,382.15	2,299.94	604.40	875.02

Competitive Comparison of Trina Solar Co's EBIT

For the Solar subindustry, Trina Solar 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.

Trina Solar Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Trina Solar Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Trina Solar Co's EV-to-EBIT falls into.

Trina Solar 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥6,162 Mil.

Trina Solar Co (SHSE:688599) EBIT Explanation

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

Trina Solar Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	3637.152 * ( 1 - 9.38% )	/	( (58066.104	+	68730.436)	/ 2 )
=	3295.9871424	/	63398.27
=	5.20 %

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	))
=	120312.286	-	46733.242	-	( 24377.619	-	max(0, 60946.892	-	76459.832	+	24377.619	))
=	58066.104

	Invested Capital		(Q: Mar. 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	))
=	132630.439	-	44954.069	-	( 23817.281	-	max(0, 63857.023	-	82802.957	+	23817.281	))
=	68730.436

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Trina Solar Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3500.096	/	( ( (27197.717 + max(-4558.942, 0))	+	(33535.661 + max(2269.298, 0)) )	/	2 )
=	3500.096	/	( ( 27197.717	+	35804.959 )	/	2 )
=	3500.096	/	31501.338
=	11.11 %

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)
=	(18089.311	+	23403.83	+	5395.787)	-	(46733.242	+	0	+	4714.628)
=	-4558.942

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15162.554	+	29895.016	+	7300.7)	-	(44954.069	+	0	+	5134.903)
=	2269.298

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Trina Solar Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	6161.516	/	64297.365
	=	9.58 %

Trina Solar Co EBIT Related Terms

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Trina Solar Co (SHSE:688599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trina Solar Co Ltd (SHSE:688599) » Definitions » EBIT

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TSL:USA

Address

No.2 Tianhe Road, Trina PV Industrial Park, Xinbei District, Jiangsu, CHN, 213031

Website

https://www.trinasolar.com

Trina Solar Co Ltd is engaged in manufacturing photovoltaic products, photovoltaic systems and smart energy. The photovoltaic products business includes research and development, manufacture and sales of monocrystalline silicon-based photovoltaic modules; the photovoltaic systems business includes power station business and construction and management of photovoltaic power station projects, among others; smart energy business includes photovoltaic power generation, operation, and management of the photovoltaic power station, research and sales of the smart microgrid and multi-energy systems, and operation of the energy cloud platform, among others.

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