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China Datang Renewable Power Co (HKSE:01798) EBIT : HK$3,864 Mil (TTM As of Dec. 2023)


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What is China Datang Renewable Power Co EBIT?

China Datang Renewable Power Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$1,213 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,864 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Datang Renewable Power Co's annualized ROC % for the quarter that ended in Dec. 2023 was 4.76%. China Datang Renewable Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Datang Renewable Power Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.13%.


China Datang Renewable Power Co EBIT Historical Data

The historical data trend for China Datang Renewable Power 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 Datang Renewable Power Co EBIT Chart

China Datang Renewable Power Co 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 4,031.34 4,772.97 5,871.06 6,989.34 5,840.15

China Datang Renewable Power Co Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 2,103.41 - 674.34 1,212.62 1,976.92

Competitive Comparison of China Datang Renewable Power Co's EBIT

For the Utilities - Renewable subindustry, China Datang Renewable Power 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 Datang Renewable Power Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where China Datang Renewable Power Co's EV-to-EBIT falls into.



China Datang Renewable Power 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$3,864 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 Datang Renewable Power Co  (HKSE:01798) EBIT Explanation

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

China Datang Renewable Power Co'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 )
=5373.424 * ( 1 - 13.76% )/( (95882.647 + 98989.16)/ 2 )
=4634.0408576/97435.9035
=4.76 %

where

Invested Capital(Q: Sep. 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))
=106740.234 - 7313.424 - ( 3544.163 - max(0, 13977.083 - 24311.183+3544.163))
=95882.647

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))
=111068.111 - 8718.088 - ( 3360.863 - max(0, 20831.295 - 24618.979+3360.863))
=98989.16

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

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

China Datang Renewable Power Co'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 )
=4850.488/( ( (76580.334 + max(8123.227, 0)) + (82085.794 + max(10896.334, 0)) )/ 2 )
=4850.488/( ( 84703.561 + 92982.128 )/ 2 )
=4850.488/88842.8445
=5.46 %

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)
=(18433.431 + 168.613 + 1962.203) - (7313.424 + 0 + 5127.596)
=8123.227

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19496.788 + 121.239 + 50.933999999997) - (8718.088 + 0 + 54.538999999997)
=10896.334

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:

China Datang Renewable Power Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=3863.879/75358.575
=5.13 %

* 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 Datang Renewable Power Co EBIT Related Terms

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China Datang Renewable Power Co (HKSE:01798) Business Description

Traded in Other Exchanges
Address
No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053
Datang Renewable is one of China's leading wind power operators, with installed wind capacity of 12.7 gigawatts as of the end of 2022, representing 3.5% of the nationwide wind capacity. About 89.4% of the total installed capacity is wind power. The company also operates solar and gas-fired power plants on a smaller scale. China Datang Group is the major shareholder with a controlling stake of 65.61%.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
Alliancebernstein L.p. 2201 Interest of corporation controlled by you
Bao-trans Enterprises Limited 2101 Beneficial owner
Bao Shan Gang Tie Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

China Datang Renewable Power Co (HKSE:01798) Headlines

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