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China Three Gorges Renewables (Group) Co (SHSE:600905) EBIT : ¥13,371 Mil (TTM As of Mar. 2024)


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What is China Three Gorges Renewables (Group) Co EBIT?

China Three Gorges Renewables (Group) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥4,310 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥13,371 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Three Gorges Renewables (Group) Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.41%. China Three Gorges Renewables (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Three Gorges Renewables (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.55%.

China Three Gorges Renewables (Group) Co EBIT Historical Data

The historical data trend for China Three Gorges Renewables (Group) 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.

China Three Gorges Renewables (Group) Co EBIT Chart

China Three Gorges Renewables (Group) Co Annual Data
Trend Dec09 Dec10 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,007.45 6,372.90 10,343.40 13,076.62 13,041.41

China Three Gorges Renewables (Group) 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 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 3,980.15 3,535.05 2,274.03 3,252.18 4,310.17

Competitive Comparison of China Three Gorges Renewables (Group) Co's EBIT

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) 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 Three Gorges Renewables (Group) Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's EV-to-EBIT falls into.


China Three Gorges Renewables (Group) 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 ¥13,371 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 Three Gorges Renewables (Group) Co  (SHSE:600905) EBIT Explanation

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

China Three Gorges Renewables (Group) 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 )
=17248.748 * ( 1 - 10.7% )/( (281158.069 + 288781.778)/ 2 )
=15403.131964/284969.9235
=5.41 %

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))
=311707.561 - 29817.134 - ( 5099.666 - max(0, 46740.829 - 47473.187+5099.666))
=281158.069

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))
=324948.529 - 29583.172 - ( 6583.579 - max(0, 42524.895 - 54197.54+6583.579))
=288781.778

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 Three Gorges Renewables (Group) 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 )
=17240.664/( ( (221498.399 + max(9268.728, 0)) + (227997.422 + max(16685.818, 0)) )/ 2 )
=17240.664/( ( 230767.127 + 244683.24 )/ 2 )
=17240.664/237725.1835
=7.25 %

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)
=(36673.561 + 352.943 + 4322.802) - (29817.134 + 0 + 2263.444)
=9268.728

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40077.014 + 340.819 + 6101.642) - (29583.172 + 0 + 250.485)
=16685.818

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 Three Gorges Renewables (Group) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=13371.43/293779.738
=4.55 %

* 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 Three Gorges Renewables (Group) Co EBIT Related Terms

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China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » EBIT
Comparable Companies
SHSE:600025 SZSE:001289 SHSE:600886 SHSE:600795 SZSE:000883 SZSE:002608 SZSE:000539 SHSE:600021 SZSE:000591 SHSE:601016 CEG ISX:BREN WBO:VER XPRA:CEZ OCSE:ORSTED BOM:541450 XLIS:EDPR BSP:ELET3 BKK:GULF TSE:9503
Traded in Other Exchanges
N/A
Address
No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149
Website
https://www.ctgne.com
China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

China Three Gorges Renewables (Group) Co (SHSE:600905) Headlines

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