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Tel Aviv Stock Exchange (XTAE:TASE) EBIT : ₪110.0 Mil (TTM As of Dec. 2023)


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What is Tel Aviv Stock Exchange EBIT?

Tel Aviv Stock Exchange's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₪27.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₪110.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tel Aviv Stock Exchange's annualized ROC % for the quarter that ended in Dec. 2023 was 3.26%. Tel Aviv Stock Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 36.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tel Aviv Stock Exchange's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.11%.


Tel Aviv Stock Exchange EBIT Historical Data

The historical data trend for Tel Aviv Stock Exchange'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.

Tel Aviv Stock Exchange EBIT Chart

Tel Aviv Stock Exchange Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 23.58 48.63 59.38 70.28 110.05

Tel Aviv Stock Exchange Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.94 32.69 24.01 25.55 27.80

Competitive Comparison of Tel Aviv Stock Exchange's EBIT

For the Financial Data & Stock Exchanges subindustry, Tel Aviv Stock Exchange'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.


Tel Aviv Stock Exchange's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tel Aviv Stock Exchange's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tel Aviv Stock Exchange's EV-to-EBIT falls into.



Tel Aviv Stock Exchange 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 quarterly data reported by the company within the most recent 12 months, which was ₪110.0 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.


Tel Aviv Stock Exchange  (XTAE:TASE) EBIT Explanation

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

Tel Aviv Stock Exchange'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=99.968 * ( 1 - 25.29% )/( (2273.407 + 2308.954)/ 2 )
=74.6860928/2291.1805
=3.26 %

where

Invested Capital(Q: Sep. 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))
=2531.284 - 17.377 - ( 319.334 - max(0, 1826.196 - 2066.696+319.334))
=2273.407

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))
=2691.647 - 255.369 - ( 498.666 - max(0, 2094.472 - 2221.796+498.666))
=2308.954

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Tel Aviv Stock Exchange'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=111.188/( ( (306.139 + max(-73.529, 0)) + (307.144 + max(-326.033, 0)) )/ 2 )
=111.188/( ( 306.139 + 307.144 )/ 2 )
=111.188/306.6415
=36.26 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.044 + 0 + 1713.318) - (17.377 + 0 + 1803.514)
=-73.529

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.671 + 0 + 1695.082) - (255.369 + 0 + 1784.417)
=-326.033

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Tel Aviv Stock Exchange's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=110.046/2152.586
=5.11 %

* 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.


Tel Aviv Stock Exchange EBIT Related Terms

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Tel Aviv Stock Exchange (XTAE:TASE) Business Description

Traded in Other Exchanges
Address
2 Ahuzat Bayit Street, Tel Aviv, ISR, 6525216
Tel Aviv Stock Exchange Ltd is engaged in managing a securities stock exchange and in related activities. The company deals in securities, indices, derivative market, securities listing, research, statistics, and others.

Tel Aviv Stock Exchange (XTAE:TASE) Headlines

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