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LONGi Green Energy Technology Co (SHSE:601012) EBIT : ¥5,758 Mil (TTM As of Mar. 2024)


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What is LONGi Green Energy Technology Co EBIT?

LONGi Green Energy Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-2,698 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥5,758 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LONGi Green Energy Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was -0.98%. LONGi Green Energy Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -22.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.14%.


LONGi Green Energy Technology Co EBIT Historical Data

The historical data trend for LONGi Green 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.

LONGi Green Energy Technology Co EBIT Chart

LONGi Green Energy Technology 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 6,705.37 10,298.00 10,587.75 16,879.25 12,505.04

LONGi Green 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 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 4,049.57 6,513.55 2,741.16 -799.23 -2,697.87

Competitive Comparison of LONGi Green Energy Technology Co's EBIT

For the Semiconductor Equipment & Materials subindustry, LONGi Green 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.


LONGi Green Energy Technology Co's EV-to-EBIT Distribution in the Semiconductors Industry

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

* The bar in red indicates where LONGi Green Energy Technology Co's EV-to-EBIT falls into.



LONGi Green 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 ¥5,758 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.


LONGi Green Energy Technology Co  (SHSE:601012) EBIT Explanation

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

LONGi Green 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 )
=-935.848 * ( 1 - 18.29% )/( (76777.406 + 79949.19)/ 2 )
=-764.6814008/78363.298
=-0.98 %

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))
=163969.201 - 58891.47 - ( 57032.04 - max(0, 71560.307 - 99860.632+57032.04))
=76777.406

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))
=168287.63 - 58234.203 - ( 57345.768 - max(0, 71455.09 - 101559.327+57345.768))
=79949.19

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

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

LONGi Green 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 )
=-10791.496/( ( (47962.576 + max(-30625.102, 0)) + (50139.163 + max(-29074.348, 0)) )/ 2 )
=-10791.496/( ( 47962.576 + 50139.163 )/ 2 )
=-10791.496/49050.8695
=-22.00 %

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)
=(10855.845 + 21539.561 + 7037.703) - (58891.47 + 0 + 11166.741)
=-30625.102

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10382.591 + 22613.261 + 7738.309) - (58234.203 + 0 + 11574.306)
=-29074.348

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:

LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=5757.598/112008.999
=5.14 %

* 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.


LONGi Green Energy Technology Co EBIT Related Terms

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LONGi Green Energy Technology Co (SHSE:601012) Business Description

Traded in Other Exchanges
N/A
Address
Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018
LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.
Executives
Zhong Bao Shen Director
Tian Ye Director
Liu Xue Wen Director
Bai Zhong Xue Director
Liu Xiao Dong senior management
Li Zhen Guo Director
Qin Yong Bo Supervisors
Xu Da Peng Director
Zou Zong Hai Director
Li Chun An Director
Wang Xiao Zhe senior management
Huang Li Xin senior management
Dai Su Supervisors
Hu Zhong Xiang Director
Zhang Yi Tao senior management

LONGi Green Energy Technology Co (SHSE:601012) Headlines

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