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China Energy Engineering (HKSE:03996) EBIT : HK$22,785 Mil (TTM As of Mar. 2024)


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What is China Energy Engineering EBIT?

China Energy Engineering's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was HK$5,174 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was HK$22,785 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Energy Engineering's annualized ROC % for the quarter that ended in Mar. 2024 was 2.61%. China Energy Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Energy Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.59%.


China Energy Engineering EBIT Historical Data

The historical data trend for China Energy Engineering'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.

China Energy Engineering EBIT Chart

China Energy Engineering Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19,655.17 18,184.74 20,097.14 21,547.09 21,777.72

China Energy Engineering Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 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 4,287.98 5,492.93 2,495.78 9,622.23 5,174.40

Competitive Comparison of China Energy Engineering's EBIT

For the Engineering & Construction subindustry, China Energy Engineering'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 Energy Engineering's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Energy Engineering's EV-to-EBIT distribution charts can be found below:

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



China Energy Engineering 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 HK$22,785 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.


China Energy Engineering  (HKSE:03996) EBIT Explanation

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

China Energy Engineering'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 )
=19568.256 * ( 1 - 24.11% )/( (564422.13 + 571796.924)/ 2 )
=14850.3494784/568109.527
=2.61 %

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))
=856599.708 - 282266.388 - ( 84997.743 - max(0, 456115.147 - 466026.337+84997.743))
=564422.13

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))
=885842.028 - 285030.374 - ( 74083.672 - max(0, 464718.248 - 493732.978+74083.672))
=571796.924

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

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

China Energy Engineering'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 )
=20697.6/( ( (101054.145 + max(-152631.396, 0)) + (100279.952 + max(-164513.029, 0)) )/ 2 )
=20697.6/( ( 101054.145 + 100279.952 )/ 2 )
=20697.6/100667.0485
=20.56 %

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)
=(85553.482 + 74330.774 + 54323.358) - (282266.388 + 0 + 84572.622)
=-152631.396

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96613.469 + 88129.322 + 60980.824) - (285030.374 + 0 + 125206.27)
=-164513.029

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:

China Energy Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=22785.337/265139.896
=8.59 %

* 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.


China Energy Engineering EBIT Related Terms

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China Energy Engineering (HKSE:03996) Business Description

Traded in Other Exchanges
Address
No. 26A West Dawang Road, Building 1, Room 01-2706, 1-24th Floor, Chaoyang District, Beijing, CHN, 100022
China Energy Engineering Corporation Ltd comprehensive solutions provider for the power industry in China and internationally. It is mainly engaged in Survey, design, and consulting services; Construction and contracting; Industrial manufacturing; Investment and operation; and other businesses. The company generates the majority of revenue from construction and contracting services for large scale power generation, transformation and transmission projects of fossil-fuel power, hydropower, nuclear power, wind farm and solar power in China and overseas, as well as undertaking other types of construction projects, such as water conservancy facilities, transportation, municipal engineering, industrial and civil construction projects.

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