Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) EBIT : €1,138 Mil (TTM As of Mar. 2024)

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What is Motor Oil (Hellas) Corinth Refineries EBIT?

Motor Oil (Hellas) Corinth Refineries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €281 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €1,138 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Motor Oil (Hellas) Corinth Refineries's annualized ROC % for the quarter that ended in Mar. 2024 was 17.88%. Motor Oil (Hellas) Corinth Refineries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 33.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Motor Oil (Hellas) Corinth Refineries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 23.75%.

Motor Oil (Hellas) Corinth Refineries EBIT Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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.

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Motor Oil (Hellas) Corinth Refineries EBIT Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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345.24

-89.18

323.48

1,619.21

1,160.81

Motor Oil (Hellas) Corinth Refineries 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															334.65	108.97	596.97	150.59	281.36

Competitive Comparison of Motor Oil (Hellas) Corinth Refineries's EBIT

For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.

Motor Oil (Hellas) Corinth Refineries's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries's EV-to-EBIT falls into.

Motor Oil (Hellas) Corinth Refineries 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 €1,138 Mil.

Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) EBIT Explanation

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

Motor Oil (Hellas) Corinth Refineries'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 )
=	1159.756 * ( 1 - 22.52% )	/	( (4793.288	+	5255.984)	/ 2 )
=	898.5789488	/	5024.636
=	17.88 %

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	))
=	7573.155	-	1457.611	-	( 1322.256	-	max(0, 1790.981	-	3351.199	+	1322.256	))
=	4793.288

	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	))
=	7387.751	-	1248.852	-	( 882.915	-	max(0, 1589.165	-	3193.722	+	882.915	))
=	5255.984

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

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

Motor Oil (Hellas) Corinth Refineries'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 )
=	1125.452	/	( ( (2708.801 + max(288.204, 0))	+	(2705.96 + max(996.161, 0)) )	/	2 )
=	1125.452	/	( ( 2997.005	+	3702.121 )	/	2 )
=	1125.452	/	3349.563
=	33.60 %

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)
=	(801.503	+	1031.212	+	29.167)	-	(1457.611	+	0	+	116.067)
=	288.204

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1160.424	+	1113.755	+	36.628)	-	(1248.852	+	0	+	65.794)
=	996.161

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:

Motor Oil (Hellas) Corinth Refineries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1137.897	/	4790.290
	=	23.75 %

Motor Oil (Hellas) Corinth Refineries EBIT Related Terms

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Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (LTS:0MQT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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