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The AES (The AES) EBIT : $1,423 Mil (TTM As of Dec. 2023)


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What is The AES EBIT?

The AES's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-226 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,423 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The AES's annualized ROC % for the quarter that ended in Dec. 2023 was 4.71%. The AES's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The AES's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.73%.


The AES EBIT Historical Data

The historical data trend for The AES'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.

The AES EBIT Chart

The AES 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 2,051.00 1,526.00 -153.00 948.00 1,423.00

The AES Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -586.00 595.00 314.00 740.00 -226.00

Competitive Comparison of The AES's EBIT

For the Utilities - Diversified subindustry, The AES'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.


The AES's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The AES's EV-to-EBIT distribution charts can be found below:

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



The AES 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,423 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.


The AES  (NYSE:AES) EBIT Explanation

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

The AES's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1708 * ( 1 - -14.16% )/( (39932 + 42781)/ 2 )
=1949.8528/41356.5
=4.71 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

The AES's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-904/( ( (27535 + max(-45, 0)) + (29958 + max(-771, 0)) )/ 2 )
=-904/( ( 27535 + 29958 )/ 2 )
=-904/28746.5
=-3.14 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1725 + 798 + 2491) - (4731 + 0 + 328)
=-45

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1420 + 712 + 2696) - (5100 + 0 + 499)
=-771

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1423/38128.010
=3.73 %

* 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.


The AES EBIT Related Terms

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The AES (The AES) Business Description

Traded in Other Exchanges
Address
4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203
AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.
Executives
Tish Mendoza officer: Sr. VP & Chief HR Officer 4300 WILSON BOULEVARD, ARLINGTON VA 22203
Ricardo Manuel Falu officer: SVP & Chief Operating Officer 4300 WILSON BLVD, ARLINGTON VA 22203
Juan Ignacio Rubiolo officer: VP, MCAC SBU President 4300 WILSON BLVD., ARLINGTON VA 22203
Paul L Freedman officer: SVP and General Counsel 4300 WILSON BLVD, ARLINGTON VA 22203
Santos Bernerd Da officer: Sr. VP and COO 4300 WILSON BOULEVARD, ARLINGTON VA 22203
Andres Gluski officer: Executive VP & COO 4300 WILSON BOULEVARD, ARLINGTON VA 22203
Stephen Coughlin officer: EVP and CFO 4300 WILSON BLVD., 11TH FLOOR, ARLINGTON VA 22203
Alain Monie director WORLDWIDE LEGAL DEPT 1600 E ST, SANTA ANA CA 92705
Julia M. Laulis director 210 E. EARLL DRIVE, PHOENIX AZ 85012
Maura Shaughnessy director 4300 WILSON BLVD., ARLINGTON VA 22203
Gerard M Anderson director ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
James H Miller director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Teresa Mosley Sebastian director 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Jeffrey W Ubben director, other: See Remarks 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Tarun Khanna director 4300 WILSON BOULEVARD, ARLINGTON VA 22203

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