GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Buzzi Spa (OTCPK:BZZUY) » Definitions » EBIT

Buzzi Spa (Buzzi Spa) EBIT : $1,353 Mil (TTM As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Buzzi Spa EBIT?

Buzzi Spa's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $724 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,353 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Buzzi Spa's annualized ROC % for the quarter that ended in Dec. 2023 was 17.21%. Buzzi Spa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Buzzi Spa's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.47%.


Buzzi Spa EBIT Historical Data

The historical data trend for Buzzi Spa'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.

Buzzi Spa EBIT Chart

Buzzi Spa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 602.35 915.67 765.03 670.59 1,356.99

Buzzi Spa 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 446.42 149.11 521.16 628.55 724.32

Competitive Comparison of Buzzi Spa's EBIT

For the Building Materials subindustry, Buzzi Spa'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.


Buzzi Spa's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Buzzi Spa's EV-to-EBIT distribution charts can be found below:

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



Buzzi Spa 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 $1,353 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.


Buzzi Spa  (OTCPK:BZZUY) EBIT Explanation

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

Buzzi Spa'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 )
=1212.62 * ( 1 - 8.91% )/( (6316.391 + 6519.697)/ 2 )
=1104.575558/6418.044
=17.21 %

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))
=7902.04 - 564.226 - ( 1021.423 - max(0, 808.785 - 2702.029+1021.423))
=6316.391

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))
=8304.692 - 562.845 - ( 1222.15 - max(0, 917.721 - 3054.835+1222.15))
=6519.697

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:

Buzzi Spa'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 )
=1448.648/( ( (3516.715 + max(994.696, 0)) + (3516.903 + max(952.714, 0)) )/ 2 )
=1448.648/( ( 4511.411 + 4469.617 )/ 2 )
=1448.648/4490.514
=32.26 %

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)
=(726.667 + 746.051 + 144.721) - (564.226 + 0 + 58.517)
=994.696

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(616.805 + 822.54 + 115.014) - (562.845 + 0 + 38.8)
=952.714

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:

Buzzi Spa's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1352.875/6302.368
=21.47 %

* 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.


Buzzi Spa EBIT Related Terms

Thank you for viewing the detailed overview of Buzzi Spa's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Buzzi Spa (Buzzi Spa) Business Description

Traded in Other Exchanges
Address
Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033
Buzzi Spa manufactures and sells cement, ready-mix concrete, and aggregates. The company operates in two segments by product: cement and concrete/aggregates. The cement segment generates the majority of revenue, sells cement and cement-related products to the construction and building industries. The concrete and aggregates segment sells concrete and aggregates from hundreds of firm-owned concrete batch plants and aggregate quarries. The vast majority of Buzzi Unicem's revenue comes from the United States of America.

Buzzi Spa (Buzzi Spa) Headlines

From GuruFocus

Tweedy Browne's 1st-Quarter Commentary

By Sydnee Gatewood 04-29-2022

Buzzi Looks Interesting With Selloff in Italy

By Holmes Osborne, CFA Holmes Osborne, CFA 06-27-2018

Third Avenue Management Comments on Buzzi Unicem

By Holly LaFon Holly LaFon 11-01-2018

Tweedy Browne's 2022 Annual Letter

By Sydnee Gatewood 05-31-2022