ACEA SpA (ACEA SpA) EBIT : $706 Mil (TTM As of Mar. 2024)

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What is ACEA SpA EBIT?

ACEA SpA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $195 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $706 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ACEA SpA's annualized ROC % for the quarter that ended in Mar. 2024 was 4.83%. ACEA SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ACEA SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.40%.

ACEA SpA EBIT Historical Data

The historical data trend for ACEA 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.

ACEA SpA EBIT Chart

ACEA SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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580.95

663.68

662.46

623.01

686.73

ACEA SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															168.84	174.69	163.34	172.04	195.47

Competitive Comparison of ACEA SpA's EBIT

For the Utilities - Diversified subindustry, ACEA 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.

ACEA SpA's EV-to-EBIT Distribution in the Utilities - Regulated Industry

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

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

ACEA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $706 Mil.

ACEA SpA (OTCPK:ACEJF) EBIT Explanation

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

ACEA SpA's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	805.708 * ( 1 - 31.1% )	/	( (10970.58	+	12014.653)	/ 2 )
=	555.132812	/	11492.6165
=	4.83 %

where

	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	))
=	12853.941	-	2706.085	-	( 394.776	-	max(0, 3651.581	-	2828.857	+	394.776	))
=	10970.58

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	12867.553	-	1815.085	-	( 835.06	-	max(0, 3729.632	-	2767.447	+	835.06	))
=	12014.653

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

ACEA SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	781.892	/	( ( (3738.443 + max(-1101.995, 0))	+	(3747.576 + max(-1797.245, 0)) )	/	2 )
=	781.892	/	( ( 3738.443	+	3747.576 )	/	2 )
=	781.892	/	3743.0095
=	20.89 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1323.01	+	106.699	+	277.776)	-	(2706.085	+	0	+	103.395)
=	-1101.995

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1330.215	+	106.383	+	495.789)	-	(1815.085	+	0	+	1914.547)
=	-1797.245

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	705.529	/	9529.440
	=	7.40 %

ACEA SpA EBIT Related Terms

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ACEA SpA (ACEA SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ACEA SpA (OTCPK:ACEJF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ACE:Italy 0MHD:UK DCA:Germany

Address

Piazzale Ostiense, 2, Roma, ITA, 00154

Website

https://www.gruppo.acea.it

ACEA SpA is an Italian-based electricity and water utility company. It operates chiefly in Rome and other cities in Lazio, a central Italian region. With the help of its various subsidiaries and numerous ventures, Acea produces and sells energy, utilities, and environmental products and services. The company derives a majority of its revenue from its water segment (drinking water and sewage system), with additional revenue coming from its energy (electricity and natural gas), networks (distribution services), and environmental (research and development and consultancy services) segments.