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Civmec (ASX:CVL) EBIT : A$92 Mil (TTM As of Jun. 2024)


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What is Civmec EBIT?

Civmec's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Civmec's annualized ROC % for the quarter that ended in Jun. 2024 was 10.33%. Civmec's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 18.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Civmec's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 12.83%.


Civmec EBIT Historical Data

The historical data trend for Civmec'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.

Civmec EBIT Chart

Civmec Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.04 55.40 73.25 83.44 92.29

Civmec Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 39.92 40.69 42.75 45.52 46.77

Competitive Comparison of Civmec's EBIT

For the Engineering & Construction subindustry, Civmec'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.


Civmec's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Civmec's EV-to-EBIT distribution charts can be found below:

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



Civmec 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$92 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.


Civmec  (ASX:CVL) EBIT Explanation

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

Civmec's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=91.198 * ( 1 - 29.88% )/( (576.599 + 661.249)/ 2 )
=63.9480376/618.924
=10.33 %

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))
=808.334 - 120.945 - ( 143.131 - max(0, 197.268 - 308.058+143.131))
=576.599

Invested Capital(Q: Jun. 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))
=910.317 - 160.611 - ( 88.457 - max(0, 242.302 - 358.04+88.457))
=661.249

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=93.536/( ( (481.958 + max(-156.099, 0)) + (532.84 + max(-132.877, 0)) )/ 2 )
=93.536/( ( 481.958 + 532.84 )/ 2 )
=93.536/507.399
=18.43 %

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)
=(32.918 + 0 + 1.92) - (120.945 + 0 + 69.992)
=-156.099

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(94.088 + 0.701 + 0.69200000000001) - (160.611 + 0 + 67.747)
=-132.877

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=92.292/719.353
=12.83 %

* 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.


Civmec EBIT Related Terms

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Civmec Business Description

Traded in Other Exchanges
Address
16 Nautical Drive, Henderson, Perth, WA, AUS, 6166
Civmec Ltd is an investment holding company. Its business activities include civil construction, fabrication, precast concrete, SMP (Structural, Mechanical, and Piping Erection), insulation, maintenance, and plant hire. The company's operating segment includes Energy, Resources, Infrastructure, Marine, and Defence. It generates maximum revenue from the Resources segment. Geographically, it derives a majority of its revenue from Australia.

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