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Henex EBIT

: €14.82 Mil (TTM As of Jun. 2013)
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Henex's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2013 was €23.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was €14.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Henex's annualized ROC % for the quarter that ended in Jun. 2013 was 5.61%. Henex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 1,596,800.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Henex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 1.72%.


Henex EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Henex Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12
EBIT 5.29 17.85 19.25 0.77 14.82

Henex Semi-Annual Data
Dec11 Jun12 Dec12 Jun13
EBIT -19.39 16.70 -1.88 23.95

Henex 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.

For stock reported semi-annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2013 was €14.82 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Henex  (XBRU:HENX) EBIT Explanation

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

Henex's annualized ROC % for the quarter that ended in Jun. 2013 is calculated as:

ROC % (Q: Jun. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2012 ) + Invested Capital (Q: Jun. 2013 ))/ count )
=47.904 * ( 1 - 0.54% )/( (849.007 + 848.967)/ 2 )
=47.6453184/848.987
=5.61 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2013) data.

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

Henex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2013 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2012  Q: Jun. 2013
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=47.904/( ( (0.003 + max(-0.713, 0)) + (0.003 + max(-0.738, 0)) )/ 2 )
=47.904/( ( 0.003 + 0.003 )/ 2 )
=47.904/0.003
=1,596,800.00 %

where Working Capital is:

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.713 + 0 + 0)
=-0.713

Working Capital(Q: Jun. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.143 + 0 + 0.07) - (0.951 + 0 + 0)
=-0.738

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2013 )
=14.818/859.978
=1.72 %

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Henex EBIT Related Terms


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