Altus Power (Altus Power) EBIT : $28.8 Mil (TTM As of Mar. 2024)

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What is Altus Power EBIT?

Altus Power's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $25.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $28.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altus Power's annualized ROC % for the quarter that ended in Mar. 2024 was -0.06%. Altus Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Altus Power's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.47%.

Altus Power EBIT Historical Data

The historical data trend for Altus Power'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.

Altus Power EBIT Chart

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

12.27

33.23

75.41

20.83

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial									17.18	13.02	14.02	-23.39	25.14

Competitive Comparison of Altus Power's EBIT

For the Utilities - Renewable subindustry, Altus Power'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.

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

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

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

Altus Power 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 $28.8 Mil.

Altus Power (NYSE:AMPS) EBIT Explanation

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

Altus Power'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 )
=	-2.868 * ( 1 - 54.7% )	/	( (1928.366	+	2105.436)	/ 2 )
=	-1.299204	/	2016.901
=	-0.06 %

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	))
=	2090.349	-	39.696	-	( 160.817	-	max(0, 106.51	-	228.797	+	160.817	))
=	1928.366

	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	))
=	2218.476	-	42.417	-	( 173.266	-	max(0, 146.085	-	216.708	+	173.266	))
=	2105.436

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

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

Altus Power'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 )
=	100.576	/	( ( (1792.851 + max(7.942, 0))	+	(1929.062 + max(-22.921, 0)) )	/	2 )
=	100.576	/	( ( 1800.793	+	1929.062 )	/	2 )
=	100.576	/	1864.9275
=	5.39 %

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)
=	(17.1	+	0	+	50.88)	-	(39.696	+	2.94	+	17.402)
=	7.942

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20.057	+	0	+	23.385)	-	(42.417	+	2.802	+	21.144)
=	-22.921

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	28.795	/	1958.303
	=	1.47 %

Altus Power EBIT Related Terms

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Altus Power (Altus Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (NYSE:AMPS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

8770:Germany

Address

2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.altuspower.com

Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.

Executives

Lars Norell	director, officer: See Remarks	12 EGGLESTON LANE, OLD GREENWICH CT 06870
Dustin Weber	officer: See Remarks	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Anthony Savino	officer: See Remarks	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Gso Altus Holdings Lp	10 percent owner	345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
William F Concannon	director, officer: Chief Executive Officer	200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166
Gregg J Felton	director, officer: See Remarks	C/O FULL CIRCLE CAPITAL CORPORATION, 800 WESTCHESTER AVE., RYE BROOK NY 10573
Diane D Brink	director	C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
Valueact Capital Management, Llc	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Gso Altus Holdings Associates Llc	10 percent owner	345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
Sharon Daley	director	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Cbre Acquisition Sponsor, Llc	director, 10 percent owner	2100 MCKENNEY AVENUE, 12TH FLOOR, DALLAS TX 75201
Robert M Horn	director	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Cbre Group, Inc.	director, 10 percent owner	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Cbre Services, Inc.	director, 10 percent owner	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Christine Rose Detrick	director	200 CLARENDON STREET, T-9, BOSTON MA 02116