Spark Infrastructure Group (Spark Infrastructure Group) EBIT : $181.85 Mil (TTM As of Jun. 2021)

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What is Spark Infrastructure Group EBIT?

Spark Infrastructure Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2021 was $73.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $181.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spark Infrastructure Group's annualized ROC % for the quarter that ended in Jun. 2021 was -0.30%. Spark Infrastructure Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 98.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spark Infrastructure Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 2.23%.

Spark Infrastructure Group EBIT Historical Data

The historical data trend for Spark Infrastructure Group'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.

Spark Infrastructure Group EBIT Chart

Spark Infrastructure Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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169.27

204.93

1.55

178.53

213.99

Spark Infrastructure Group Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
EBIT	Get a 7-Day Free Trial															97.94	81.40	96.68	108.50	73.35

Competitive Comparison of Spark Infrastructure Group's EBIT

For the Utilities - Regulated Electric subindustry, Spark Infrastructure Group'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.

Spark Infrastructure Group's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Spark Infrastructure Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Spark Infrastructure Group's EV-to-EBIT falls into.

Spark Infrastructure Group 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $181.85 Mil.

Spark Infrastructure Group (OTCPK:SFDPF) EBIT Explanation

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

Spark Infrastructure Group's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	-10.906 * ( 1 - 33.79% )	/	( (2333.191	+	2453.447)	/ 2 )
=	-7.2208626	/	2393.319
=	-0.30 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	2297.824	-	4.29	-	( 27.785	-	max(0, 109.769	-	70.112	+	27.785	))
=	2333.191

	Invested Capital		(Q: Jun. 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	))
=	2484.41	-	4.326	-	( 40.224	-	max(0, 55.16	-	81.797	+	40.224	))
=	2453.447

Note: The Operating Income data used here is two times the semi-annual (Jun. 2021) data.

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

Spark Infrastructure Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	146.7	/	( ( (129.969 + max(3.233, 0))	+	(130.164 + max(33.372, 0)) )	/	2 )
=	146.7	/	( ( 133.202	+	163.536 )	/	2 )
=	146.7	/	148.369
=	98.88 %

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	37.18)	-	(4.29	+	29.657	+	0)
=	3.233

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.182	+	0	+	36.391)	-	(4.326	+	3.704	+	0.17099999999999)
=	33.372

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

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

Spark Infrastructure Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2021 )
	=	181.848	/	8142.071
	=	2.23 %

Spark Infrastructure Group EBIT Related Terms

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Spark Infrastructure Group (Spark Infrastructure Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Spark Infrastructure Group (OTCPK:SFDPF) » Definitions » EBIT

Comparable Companies

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Traded in Other Exchanges

N/A

Address

225 George Street, Level 29, Grosvenor Place, Sydney, NSW, AUS, 2000

Website

https://www.sparkinfrastructure.com

Spark Infrastructure owns 49% interests in three electricity distribution companies: Powercor, servicing western suburbs of Melbourne; CitiPower, servicing Melbourne's inner suburbs and central business district; and SA Power Networks, servicing South Australia. Powercor and CitiPower are collectively known as Victoria Power Networks. It also owns 15% of TransGrid, the main electricity transmission network in New South Wales. The assets are heavily regulated, falling under the purview of the Australian Energy Regulator.

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