Sonne + Wind Beteiligungen AG (STU:SYW) EBIT : €-0.42 Mil (TTM As of Dec. 2013)

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What is Sonne + Wind Beteiligungen AG EBIT?

Sonne + Wind Beteiligungen AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2013 was €-0.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was €-0.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sonne + Wind Beteiligungen AG's annualized ROC % for the quarter that ended in Dec. 2013 was -9.52%. Sonne + Wind Beteiligungen AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -1,108.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sonne + Wind Beteiligungen AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -334.68%.

Sonne + Wind Beteiligungen AG EBIT Historical Data

The historical data trend for Sonne + Wind Beteiligungen AG'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.

Sonne + Wind Beteiligungen AG EBIT Chart

Sonne + Wind Beteiligungen AG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

EBIT

-0.85

-0.86

-0.42

-0.68

Sonne + Wind Beteiligungen AG Semi-Annual Data
	Jun08	Jun09	Jun10	Dec11	Jun12	Dec12	Jun13	Dec13	Dec14
EBIT	Get a 7-Day Free Trial				-0.32	-0.52	-0.14	-0.28	-

Competitive Comparison of Sonne + Wind Beteiligungen AG's EBIT

For the Asset Management subindustry, Sonne + Wind Beteiligungen AG'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.

Sonne + Wind Beteiligungen AG's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sonne + Wind Beteiligungen AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sonne + Wind Beteiligungen AG's EV-to-EBIT falls into.

Sonne + Wind Beteiligungen AG 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. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.42 Mil.

Sonne + Wind Beteiligungen AG (STU:SYW) EBIT Explanation

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

Sonne + Wind Beteiligungen AG's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

	ROC % (Q: Dec. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Dec. 2013 ))	/ count )
=	-0.09 * ( 1 - 0% )	/	( (1.047	+	0.844)	/ 2 )
=	-0.09	/	0.9455
=	-9.52 %

where

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	1.051	-	0	-	( 0.004	-	max(0, 0.008	-	0.111	+	0.004	))
=	1.047

	Invested Capital		(Q: Dec. 2013 )
=	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	))
=	0.83	-	0	-	( 0.008	-	max(0, 0.135	-	0.121	+	0.008	))
=	0.844

Note: The Operating Income data used here is two times the semi-annual (Dec. 2013) data.

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

Sonne + Wind Beteiligungen AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Dec. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.56	/	( ( (0.001 + max(0.099, 0))	+	(0.001 + max(-0.022, 0)) )	/	2 )
=	-0.56	/	( ( 0.1	+	0.001 )	/	2 )
=	-0.56	/	0.0505
=	-1,108.91 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.105	+	0	+	0.002)	-	(0	+	0	+	0.008)
=	0.099

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.113	+	0	+	0)	-	(0	+	0	+	0.135)
=	-0.022

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2013) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sonne + Wind Beteiligungen AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2013 )
	=	-0.415	/	0.124
	=	-334.68 %

Sonne + Wind Beteiligungen AG EBIT Related Terms

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Sonne + Wind Beteiligungen AG (STU:SYW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sonne + Wind Beteiligungen AG (STU:SYW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Bundesallee 171, Berlin, DEU, 10715

Website

http://www.sonnewindag.com

Sonne + Wind Beteiligungen AG is capital investment company. It is engaged in acquiring or investing in small-to-medium sized businesses in the alternative & renewable energy technologies sector like, photovoltaics, solar power, wind energy, fuel cells, hydropower & biomass. It focuses on energy industry.

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