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CECEP Solar Energy Co (SZSE:000591) EBIT : ¥2,505 Mil (TTM As of Mar. 2024)


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What is CECEP Solar Energy Co EBIT?

CECEP Solar Energy Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥570 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,505 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CECEP Solar Energy Co's annualized ROC % for the quarter that ended in Mar. 2024 was 4.56%. CECEP Solar Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CECEP Solar Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.79%.


CECEP Solar Energy Co EBIT Historical Data

The historical data trend for CECEP Solar Energy 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.

CECEP Solar Energy Co EBIT Chart

CECEP Solar Energy 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 1,921.06 2,169.09 2,351.65 2,528.01 2,571.22

CECEP Solar Energy 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 636.85 780.66 822.23 331.49 570.31

Competitive Comparison of CECEP Solar Energy Co's EBIT

For the Utilities - Renewable subindustry, CECEP Solar Energy 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.


CECEP Solar Energy Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where CECEP Solar Energy Co's EV-to-EBIT falls into.



CECEP Solar Energy 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 ¥2,505 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.


CECEP Solar Energy Co  (SZSE:000591) EBIT Explanation

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

CECEP Solar Energy 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 )
=2214.212 * ( 1 - 16.41% )/( (39880.972 + 41361.088)/ 2 )
=1850.8598108/40621.03
=4.56 %

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))
=47203.767 - 3336.327 - ( 3986.468 - max(0, 7963.402 - 16121.03+3986.468))
=39880.972

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))
=47102.287 - 2961.395 - ( 2779.804 - max(0, 6900.088 - 15508.168+2779.804))
=41361.088

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

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

CECEP Solar Energy 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 )
=2281.228/( ( (29806.586 + max(8569.87, 0)) + (30068.99 + max(9259.442, 0)) )/ 2 )
=2281.228/( ( 38376.456 + 39328.432 )/ 2 )
=2281.228/38852.444
=5.87 %

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)
=(11505.809 + 310.229 + 159.626) - (3336.327 + 0 + 69.467)
=8569.87

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11818.809 + 399.235 + 45.880999999999) - (2961.395 + 0 + 43.088)
=9259.442

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:

CECEP Solar Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2504.681/36881.095
=6.79 %

* 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.


CECEP Solar Energy Co EBIT Related Terms

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CECEP Solar Energy Co (SZSE:000591) Business Description

Traded in Other Exchanges
N/A
Address
No.131 Zhongshan Third Road, 19th Floor, Hilton Business Center, Yuzhong District, Chongqing, CHN, 100082
CECEP Solar Energy Co Ltd is a solar energy investment operator in China. It is engaged in the production and sales of solar cell and module.
Executives
Ai Wei Director
Peng Qi Yuan Director
Hu Xiao Hua Executives
Song Wei Directors, executives
Wang Zu Yue Executives
Liu Ya Supervisors
Lei Rong Director

CECEP Solar Energy Co (SZSE:000591) Headlines

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