Vassilico Cement Works PCL (CYS:VCW) EBIT

: €15.5 Mil (TTM As of Jun. 2022)

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Vassilico Cement Works PCL's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2022 was €6.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was €15.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vassilico Cement Works PCL's annualized ROC % for the quarter that ended in Jun. 2022 was 3.41%. Vassilico Cement Works PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 4.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vassilico Cement Works PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 7.10%.

Vassilico Cement Works PCL EBIT Historical Data

The historical data trend for Vassilico Cement Works PCL'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.

Vassilico Cement Works PCL Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

23.82

19.15

23.44

19.30

Vassilico Cement Works PCL Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
EBIT																5.80	13.50	10.25	9.05	6.45

Vassilico Cement Works PCL 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 Jun. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €15.5 Mil.

Vassilico Cement Works PCL (CYS:VCW) EBIT Explanation

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

Vassilico Cement Works PCL's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	11.386 * ( 1 - 14.07% )	/	( (284.362	+	290.119)	/ 2 )
=	9.7839898	/	287.2405
=	3.41 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	292.105	-	7.743	-	( 0	-	max(0, 14.966	-	48.963	+	0	))
=	284.362

	Invested Capital		(Q: Jun. 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	))
=	303.087	-	12.968	-	( 0	-	max(0, 22.901	-	62.031	+	0	))
=	290.119

Note: The Operating Income data used here is two times the semi-annual (Jun. 2022) data.

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

Vassilico Cement Works PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	12.896	/	( ( (223.42 + max(41.22, 0))	+	(221.117 + max(48.763, 0)) )	/	2 )
=	12.896	/	( ( 264.64	+	269.88 )	/	2 )
=	12.896	/	267.26
=	4.83 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.858	+	42.078	+	0.027000000000001)	-	(7.743	+	0	+	-1.7763568394003E-15)
=	41.22

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.265	+	51.766	+	0)	-	(12.968	+	0	+	0.3)
=	48.763

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

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

Vassilico Cement Works PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	15.497	/	218.303
	=	7.10 %

Vassilico Cement Works PCL EBIT Related Terms

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Vassilico Cement Works PCL (CYS:VCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vassilico Cement Works PCL (CYS:VCW) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

1A Kyriakos Matsis Avenue, 4th Floor, P.O. Box 22281, Nicosia, CYP, 1082

Website

https://www.vassiliko.com

Vassilico Cement Works PCL is the company whose principal business activities are the production of clinker and cement, which are distributed in the local and international markets. It manages quarries for the extraction of raw materials which are used exclusively for the production of cement. Its quarries are Limestone Quarry in Kalavassos Village, Reef Limestone Quarry in Armenohori and Clay Quarries in Mari and Vassiliko.

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