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RENOVA (TSE:9519) EBIT : 円15,323 Mil (TTM As of Mar. 2024)


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What is RENOVA EBIT?

RENOVA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円4,154 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円15,323 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RENOVA's annualized ROC % for the quarter that ended in Mar. 2024 was -1.13%. RENOVA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RENOVA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.02%.


RENOVA EBIT Historical Data

The historical data trend for RENOVA'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.

RENOVA EBIT Chart

RENOVA Annual Data
Trend May15 May16 May17 May18 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only 8,493.00 15,348.00 7,619.00 7,768.00 15,322.00

RENOVA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,196.00 3,343.00 3,423.00 4,403.00 4,154.00

Competitive Comparison of RENOVA's EBIT

For the Utilities - Renewable subindustry, RENOVA'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.


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

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

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



RENOVA 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 円15,323 Mil.

* 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.


RENOVA  (TSE:9519) EBIT Explanation

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

RENOVA'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 )
=-4748 * ( 1 - 5.92% )/( (356541 + 434059)/ 2 )
=-4466.9184/395300
=-1.13 %

where

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

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

RENOVA'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 )
=16616/( ( (200271 + max(37601, 0)) + (229013 + max(59068, 0)) )/ 2 )
=16616/( ( 237872 + 288081 )/ 2 )
=16616/262976.5
=6.32 %

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)
=(13030 + 3082 + 35571) - (12963 + 0 + 1119)
=37601

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17169 + 3018 + 51945) - (12358 + 0 + 706)
=59068

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=15323/381365.283
=4.02 %

* 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.


RENOVA EBIT Related Terms

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RENOVA (TSE:9519) Business Description

Traded in Other Exchanges
N/A
Address
Tokyo Sankei Building 27 Floor, 18 Floor, 1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
RENOVA Inc is a Japan-based company mainly engaged in renewable energy generation business and the development and management of renewable energy business. With its subsidiaries, the company operates power generation business. Renewable energy power generation develops electricity sales business by operating renewable energy power plants, including large-scale solar power generation, wind power generation, and biomass power generation.

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