Antares Vision SpA (Antares Vision SpA) EBIT : $-100.7 Mil (TTM As of Jun. 2023)

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What is Antares Vision SpA EBIT?

Antares Vision SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $-7.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-100.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Antares Vision SpA's annualized ROC % for the quarter that ended in Jun. 2023 was -3.56%. Antares Vision SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -11.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Antares Vision SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -27.27%.

Antares Vision SpA EBIT Historical Data

The historical data trend for Antares Vision 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.

Antares Vision SpA EBIT Chart

Antares Vision SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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34.92

19.44

23.16

24.50

-100.77

Antares Vision SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial										20.88	-1.59	26.09	-7.33	-93.40

Competitive Comparison of Antares Vision SpA's EBIT

For the Security & Protection Services subindustry, Antares Vision 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.

Antares Vision SpA's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Antares Vision SpA's EV-to-EBIT distribution charts can be found below:

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

Antares Vision 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-100.7 Mil.

Antares Vision SpA (OTCPK:ANTVF) EBIT Explanation

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

Antares Vision SpA's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-15.194 * ( 1 - -15.4% )	/	( (477.121	+	508.187)	/ 2 )
=	-17.533876	/	492.654
=	-3.56 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	616.517	-	46.256	-	( 93.14	-	max(0, 111.083	-	274.829	+	93.14	))
=	477.121

	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	))
=	633.152	-	41.463	-	( 83.502	-	max(0, 118.206	-	280.106	+	83.502	))
=	508.187

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Antares Vision SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-14.65	/	( ( (36.815 + max(78.342, 0))	+	(37.869 + max(93.686, 0)) )	/	2 )
=	-14.65	/	( ( 115.157	+	131.555 )	/	2 )
=	-14.65	/	123.356
=	-11.88 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(117.303	+	51.168	+	8.02)	-	(46.256	+	0	+	51.893)
=	78.342

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(120.286	+	62.108	+	8.901)	-	(41.463	+	0	+	56.146)
=	93.686

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-100.721	/	369.402
	=	-27.27 %

Antares Vision SpA EBIT Related Terms

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Antares Vision SpA (Antares Vision SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Antares Vision SpA (OTCPK:ANTVF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AV:Italy 2YK:Germany

Address

Via Del Ferro 16, Travagliato, Brescia, ITA, 25039

Website

https://www.antaresvisiongroup.com

Antares Vision SpA is engaged in providing control systems and traceability solutions. The business activities of the group include designing, manufacturing, installing, and maintaining critical systems for the most demanding customers in the world. The company offers products such as Track and Trace devices, Inspection systems, Inspection machines, and Smart data management systems. Its geographical segments are Italy, Europe, North and South America, Asia, Oceania, Africa, and the Middle East.

Antares Vision SpA (Antares Vision SpA) Headlines

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