Taqa Morocco (CAS:TQM) EBIT : MAD2,380 Mil (TTM As of Dec. 2023)

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What is Taqa Morocco EBIT?

Taqa Morocco's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was MAD1,002 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was MAD2,380 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taqa Morocco's annualized ROC % for the quarter that ended in Dec. 2023 was 12.72%. Taqa Morocco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Taqa Morocco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.17%.

Taqa Morocco EBIT Historical Data

The historical data trend for Taqa Morocco'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.

Taqa Morocco EBIT Chart

Taqa Morocco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,569.90

2,276.61

2,379.24

2,917.33

2,380.17

Taqa Morocco Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,302.74	1,448.24	1,469.09	1,378.54	1,001.64

Competitive Comparison of Taqa Morocco's EBIT

For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.

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

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

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

Taqa Morocco 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 semi-annually data reported by the company within the most recent 12 months, which was MAD2,380 Mil.

Taqa Morocco (CAS:TQM) EBIT Explanation

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

Taqa Morocco'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2758.238 * ( 1 - 28.58% )	/	( (16819.97	+	14144.55)	/ 2 )
=	1969.9335796	/	15482.26
=	12.72 %

where

	Invested Capital		(Q: Jun. 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	))
=	22206.285	-	3189.866	-	( 2196.449	-	max(0, 6361.195	-	9193.468	+	2196.449	))
=	16819.97

	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	))
=	22246.578	-	3867.87	-	( 4234.158	-	max(0, 4073.254	-	9518.113	+	4234.158	))
=	14144.55

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Taqa Morocco'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2003.274	/	( ( (8087.208 + max(-923.57, 0))	+	(7887.088 + max(165.279, 0)) )	/	2 )
=	2003.274	/	( ( 8087.208	+	8052.367 )	/	2 )
=	2003.274	/	8069.7875
=	24.82 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2824.766	+	2582.76	+	30.099)	-	(3189.866	+	0	+	3171.329)
=	-923.57

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2109.065	+	2105.797	+	23.671)	-	(3867.87	+	0	+	205.384)
=	165.279

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Taqa Morocco's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2380.172	/	38607.628
	=	6.17 %

Taqa Morocco EBIT Related Terms

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Taqa Morocco (CAS:TQM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taqa Morocco SA (CAS:TQM) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

B.P. 99 - Sidi Bouzid, PK23, Route regionale 301, Centrale Thermique de Jorf Lasfar, Commune Moulay Abdellah, El Jadida, MAR

Website

https://www.taqamorocco.ma

Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.

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