Symphony Environmental Technologies (LSE:SYM) EBIT

: £-2.32 Mil (TTM As of Jun. 2023)

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Symphony Environmental Technologies's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-0.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-2.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Symphony Environmental Technologies's annualized ROC % for the quarter that ended in Jun. 2023 was -31.40%. Symphony Environmental Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -76.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Symphony Environmental Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -27.21%.

Symphony Environmental Technologies EBIT Historical Data

The historical data trend for Symphony Environmental Technologies'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.

Symphony Environmental Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

0.06

-0.62

-0.39

-1.48

-2.93

Symphony Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT																-0.60	-0.88	-1.39	-1.54	-0.78

Competitive Comparison

For the Packaging & Containers subindustry, Symphony Environmental Technologies'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.

Symphony Environmental Technologies EV-to-EBIT Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Symphony Environmental Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Symphony Environmental Technologies's EV-to-EBIT falls into.

Symphony Environmental Technologies 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.32 Mil.

Symphony Environmental Technologies (LSE:SYM) EBIT Explanation

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

Symphony Environmental Technologies's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-1.192 * ( 1 - 11.36% )	/	( (3.534	+	3.195)	/ 2 )
=	-1.0565888	/	3.3645
=	-31.40 %

where

	Invested Capital		(Q: Dec. 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	))
=	5.863	-	1.632	-	( 1.152	-	max(0, 3.979	-	4.676	+	1.152	))
=	3.534

	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	))
=	5.56	-	1.563	-	( 1.162	-	max(0, 3.501	-	4.303	+	1.162	))
=	3.195

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

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

Symphony Environmental Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.56	/	( ( (0.517 + max(1.529, 0))	+	(0.468 + max(1.578, 0)) )	/	2 )
=	-1.56	/	( ( 2.046	+	2.046 )	/	2 )
=	-1.56	/	2.046
=	-76.25 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.901	+	1.175	+	0.274)	-	(1.632	+	0	+	0.189)
=	1.529

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.175	+	0.966	+	0)	-	(1.563	+	0	+	0)
=	1.578

When net working capital is negative, 0 is used.

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

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

Symphony Environmental Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-2.317	/	8.515
	=	-27.21 %

Symphony Environmental Technologies EBIT Related Terms

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Symphony Environmental Technologies (LSE:SYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Symphony Environmental Technologies PLC (LSE:SYM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

XP7:Germany

Address

6 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, GBR, WD6 1JD

Website

https://www.symphonyenvironmental.com

Symphony Environmental Technologies PLC develops and markets environmental plastic products. It has developed a protective plastic technology under the d2p (designed to protect) brand, which offers extra protection from bacteria, insects, fungi, algae, odor, fouling, and fire. Its products include d2w a masterbatch system that turns ordinary plastic into a material with a different molecular structure, d2Detector is a portable XRF that determines whether a plastic product contains d2w, d2p offers extra protection to plastic product, and d2t offers a tracer system to determine the authenticity of plastic packaging and other plastic products. Its geographic areas are the United Kingdom, Europe, the Americas, the Middle East and Asia, and Africa.