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CIR SpA (MIL:CIR) EBIT : €169 Mil (TTM As of Dec. 2023)


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What is CIR SpA EBIT?

CIR SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €169 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CIR SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 4.09%. CIR SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CIR SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.95%.


CIR SpA EBIT Historical Data

The historical data trend for CIR 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.

CIR SpA EBIT Chart

CIR 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 95.21 21.92 103.93 73.64 169.30

CIR 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 25.92 37.70 35.94 72.28 97.02

Competitive Comparison of CIR SpA's EBIT

For the Auto Parts subindustry, CIR 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.


CIR SpA's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CIR SpA's EV-to-EBIT distribution charts can be found below:

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



CIR 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 €169 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.


CIR SpA  (MIL:CIR) EBIT Explanation

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

CIR 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 )
=134.156 * ( 1 - 19.34% )/( (2595.138 + 2693.264)/ 2 )
=108.2102296/2644.201
=4.09 %

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))
=3371.893 - 511.649 - ( 463.53 - max(0, 820.597 - 1085.703+463.53))
=2595.138

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))
=3231.263 - 326.252 - ( 540.119 - max(0, 820.879 - 1032.626+540.119))
=2693.264

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:

CIR 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 )
=194.044/( ( (1458.084 + max(-108.674, 0)) + (1434.593 + max(-266.601, 0)) )/ 2 )
=194.044/( ( 1458.084 + 1434.593 )/ 2 )
=194.044/1446.3385
=13.42 %

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)
=(306.582 + 145.702 + 117.225) - (511.649 + 0 + 166.534)
=-108.674

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(254.658 + 143.605 + 10.976) - (326.252 + 0 + 349.588)
=-266.601

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:

CIR SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=169.297/1061.588
=15.95 %

* 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.


CIR SpA EBIT Related Terms

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CIR SpA (MIL:CIR) Business Description

Traded in Other Exchanges
Address
Via Ciovassino 1, Milan, ITA, 20121
CIR SpA is a holding company engaged in the Automotive Components and Healthcare Sectors. It operates through two subsidiaries namely, the KOS group and the Sogefi group. Sogefi Group is engaged in providing automobile components that generate maximum revenue for the company. Its geographical operations are spread across Italy, Other European countries, North America, South America, and Asia.