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Vantage Towers AG (Vantage Towers AG) EBIT : $556 Mil (TTM As of Mar. 2023)


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What is Vantage Towers AG EBIT?

Vantage Towers AG's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was $277 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $556 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vantage Towers AG's annualized ROC % for the quarter that ended in Mar. 2023 was 5.70%. Vantage Towers AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 15.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vantage Towers AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 2.26%.


Vantage Towers AG EBIT Historical Data

The historical data trend for Vantage Towers 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.

Vantage Towers AG EBIT Chart

Vantage Towers AG Annual Data
Trend Mar21 Mar22 Mar23
EBIT
308.57 587.45 578.91

Vantage Towers AG Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
EBIT Get a 7-Day Free Trial 202.02 298.35 308.15 279.60 276.55

Competitive Comparison of Vantage Towers AG's EBIT

For the Real Estate Services subindustry, Vantage Towers 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.


Vantage Towers AG's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Vantage Towers AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vantage Towers AG's EV-to-EBIT falls into.



Vantage Towers 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $556 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.


Vantage Towers AG  (OTCPK:VTAGY) EBIT Explanation

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

Vantage Towers AG's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=511.35 * ( 1 - -36.5% )/( (10328.416 + 14146.146)/ 2 )
=697.99275/12237.281
=5.70 %

where

Invested Capital(Q: Sep. 2022 )
=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))
=10617.624 - 549.406 - ( 3.267 - max(0, 814.356 - 554.158+3.267))
=10328.416

Invested Capital(Q: Mar. 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))
=11815.632 - 344.861 - ( 190.043 - max(0, 3317.559 - 642.184+190.043))
=14146.146

Note: The Operating Income data used here is two times the semi-annual (Mar. 2023) data.

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

Vantage Towers AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=553.104/( ( (3333.663 + max(-380.791, 0)) + (3813.49 + max(-590.579, 0)) )/ 2 )
=553.104/( ( 3333.663 + 3813.49 )/ 2 )
=553.104/3573.5765
=15.48 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(177.327 + 0 + -0.099000000000046) - (549.406 + 0 + 8.6130000000001)
=-380.791

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.522 + 0 + 73.768) - (344.861 + 0 + 338.008)
=-590.579

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

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

Vantage Towers AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=556.156/24594.540
=2.26 %

* 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.


Vantage Towers AG EBIT Related Terms

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Vantage Towers AG (Vantage Towers AG) Business Description

Traded in Other Exchanges
Address
Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549
Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

Vantage Towers AG (Vantage Towers AG) Headlines

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