Piraeus Port Authority (ATH:PPA) EBIT : €99.3 Mil (TTM As of Dec. 2023)

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What is Piraeus Port Authority EBIT?

Piraeus Port Authority's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €47.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €99.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Piraeus Port Authority's annualized ROC % for the quarter that ended in Dec. 2023 was 14.67%. Piraeus Port Authority's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 30.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Piraeus Port Authority's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.80%.

Piraeus Port Authority EBIT Historical Data

The historical data trend for Piraeus Port Authority'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.

Piraeus Port Authority EBIT Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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51.07

40.38

52.52

77.31

99.31

Piraeus Port Authority 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															30.03	34.82	42.49	51.49	47.82

Competitive Comparison of Piraeus Port Authority's EBIT

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's EV-to-EBIT falls into.

Piraeus Port Authority 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 €99.3 Mil.

Piraeus Port Authority (ATH:PPA) EBIT Explanation

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

Piraeus Port Authority'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 )
=	101.32 * ( 1 - 40.02% )	/	( (404.718	+	424.031)	/ 2 )
=	60.771736	/	414.3745
=	14.67 %

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	))
=	588.508	-	26.901	-	( 173.053	-	max(0, 52.839	-	209.728	+	173.053	))
=	404.718

	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	))
=	611.335	-	38.913	-	( 202.476	-	max(0, 76.603	-	224.994	+	202.476	))
=	424.031

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:

Piraeus Port Authority'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 )
=	95.634	/	( ( (306.901 + max(-13.424, 0))	+	(315.394 + max(-52.281, 0)) )	/	2 )
=	95.634	/	( ( 306.901	+	315.394 )	/	2 )
=	95.634	/	311.1475
=	30.74 %

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)
=	(26.626	+	3.434	+	1.988)	-	(26.901	+	0	+	18.571)
=	-13.424

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.251	+	4.019	+	1.67)	-	(38.913	+	0	+	30.308)
=	-52.281

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:

Piraeus Port Authority's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	99.306	/	528.185
	=	18.80 %

Piraeus Port Authority EBIT Related Terms

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Piraeus Port Authority (ATH:PPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (ATH:PPA) » Definitions » EBIT

Traded in Other Exchanges

PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.