The Environmental Group (ASX:EGL) EBIT : A$5.27 Mil (TTM As of Dec. 2023)

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What is The Environmental Group EBIT?

The Environmental Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$3.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$5.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Environmental Group's annualized ROC % for the quarter that ended in Dec. 2023 was 10.41%. The Environmental Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 53.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Environmental Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.83%.

The Environmental Group EBIT Historical Data

The historical data trend for The Environmental Group'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.

The Environmental Group EBIT Chart

The Environmental Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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1.31

-1.55

1.63

2.20

3.99

The Environmental Group 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															1.15	1.05	1.93	2.06	3.21

Competitive Comparison of The Environmental Group's EBIT

For the Pollution & Treatment Controls subindustry, The Environmental Group'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.

The Environmental Group's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Environmental Group's EV-to-EBIT distribution charts can be found below:

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

The Environmental Group 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 A$5.27 Mil.

The Environmental Group (ASX:EGL) EBIT Explanation

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

The Environmental Group'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 )
=	6.402 * ( 1 - 32.1% )	/	( (40.758	+	42.739)	/ 2 )
=	4.346958	/	41.7485
=	10.41 %

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	))
=	66.667	-	16.542	-	( 9.367	-	max(0, 25.605	-	37.904	+	9.367	))
=	40.758

	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	))
=	65.722	-	15.313	-	( 7.67	-	max(0, 22.535	-	36.65	+	7.67	))
=	42.739

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:

The Environmental Group'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 )
=	6.414	/	( ( (5.066 + max(4.796, 0))	+	(5.822 + max(8.369, 0)) )	/	2 )
=	6.414	/	( ( 9.862	+	14.191 )	/	2 )
=	6.414	/	12.0265
=	53.33 %

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)
=	(12.726	+	5.101	+	10.519)	-	(16.542	+	0	+	7.008)
=	4.796

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.26	+	5.135	+	9.585)	-	(15.313	+	0	+	5.298)
=	8.369

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:

The Environmental Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5.269	/	109.005
	=	4.83 %

The Environmental Group EBIT Related Terms

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The Environmental Group (ASX:EGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Environmental Group Ltd (ASX:EGL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Ferntree Place, Level 1 ,Suite 1.01, Notting Hill, Melbourne, VIC, AUS, 3168

Website

https://www.environmental.com.au

The Environmental Group Ltd is a facility service and environmental solutions company. Its principal activities are design, application, and servicing of innovative gas and vapor emission control systems, inlet and exhaust systems for gas turbines and engineering services, and innovative water treatment, service, and maintenance of commercial boilers and engineering services, to a wide variety of industries. It has following segments: Products Pollution Control, EGL Energy; Products Gas Turbine; EGL Waste and others. The company generates maximum revenue from the EGL Energy segment.