TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) EBIT : ¥1,930 Mil (TTM As of Mar. 2024)

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What is TCL Zhonghuan Renewable Energy Technology Co EBIT?

TCL Zhonghuan Renewable Energy Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-619 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,930 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TCL Zhonghuan Renewable Energy Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was -0.23%. TCL Zhonghuan Renewable Energy Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TCL Zhonghuan Renewable Energy Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.50%.

TCL Zhonghuan Renewable Energy Technology Co EBIT Historical Data

The historical data trend for TCL Zhonghuan Renewable Energy Technology 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.

TCL Zhonghuan Renewable Energy Technology Co EBIT Chart

TCL Zhonghuan Renewable Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,464.61

2,782.02

5,938.58

8,490.32

5,701.25

TCL Zhonghuan Renewable Energy Technology 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															3,152.23	2,924.44	2,433.03	-2,808.45	-618.84

Competitive Comparison of TCL Zhonghuan Renewable Energy Technology Co's EBIT

For the Semiconductor Equipment & Materials subindustry, TCL Zhonghuan Renewable Energy Technology 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.

TCL Zhonghuan Renewable Energy Technology Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, TCL Zhonghuan Renewable Energy Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TCL Zhonghuan Renewable Energy Technology Co's EV-to-EBIT falls into.

TCL Zhonghuan Renewable Energy Technology 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 ¥1,930 Mil.

TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) EBIT Explanation

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

TCL Zhonghuan Renewable Energy Technology 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 )
=	-224.572 * ( 1 - 2.14% )	/	( (96323.517	+	96407.278)	/ 2 )
=	-219.7661592	/	96365.3975
=	-0.23 %

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	))
=	125063.043	-	16436.143	-	( 13897.562	-	max(0, 22324.095	-	34627.478	+	13897.562	))
=	96323.517

	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	))
=	124932.823	-	17491.234	-	( 11034.311	-	max(0, 22446.621	-	34545.881	+	11034.311	))
=	96407.278

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

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

TCL Zhonghuan Renewable Energy Technology 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 )
=	-2475.34	/	( ( (72759.62 + max(-302.526, 0))	+	(73064.363 + max(406.321, 0)) )	/	2 )
=	-2475.34	/	( ( 72759.62	+	73470.684 )	/	2 )
=	-2475.34	/	73115.152
=	-3.39 %

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)
=	(5409.237	+	8163.719	+	3737.116)	-	(16436.143	+	0	+	1176.455)
=	-302.526

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6457.619	+	7481.385	+	5086.105)	-	(17491.234	+	0	+	1127.554)
=	406.321

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:

TCL Zhonghuan Renewable Energy Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1930.187	/	77227.068
	=	2.50 %

TCL Zhonghuan Renewable Energy Technology Co EBIT Related Terms

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TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TCL Zhonghuan Renewable Energy Technology Co Ltd (SZSE:002129) » Definitions » EBIT

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Traded in Other Exchanges

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Address

No. 12 Haitai East Street, Huayuan Technology Park, New and High-Tech Industrial Development Zone, Tianjin, Tianjin, CHN, 300384

Website

http://www.tjsemi.com

TCL Zhonghuan is the second largest solar silicon wafer producer in China. It produced about 68.3GW solar wafers in 2022, accounting for 19.1% of total production in China. Solar wafers contributed 76% of revenue and 81% of gross profit in 2022. Zhonghuan is also a leading domestic semiconductor silicon wafer producer.

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