Alpha Trust Andromeda Investment Trust (ATH:ANDRO) EBIT : €6.54 Mil (TTM As of Dec. 2023)

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What is Alpha Trust Andromeda Investment Trust EBIT?

Alpha Trust Andromeda Investment Trust's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €0.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €6.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alpha Trust Andromeda Investment Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 4,030.55%. Alpha Trust Andromeda Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8,685.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alpha Trust Andromeda Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -93.62%.

Alpha Trust Andromeda Investment Trust EBIT Historical Data

The historical data trend for Alpha Trust Andromeda Investment Trust'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.

Alpha Trust Andromeda Investment Trust EBIT Chart

Alpha Trust Andromeda Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2.43

0.89

3.13

-1.11

6.54

Alpha Trust Andromeda Investment Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															0.73	-2.97	1.87	6.09	0.46

Competitive Comparison of Alpha Trust Andromeda Investment Trust's EBIT

For the Asset Management subindustry, Alpha Trust Andromeda Investment Trust'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.

Alpha Trust Andromeda Investment Trust's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Alpha Trust Andromeda Investment Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Alpha Trust Andromeda Investment Trust's EV-to-EBIT falls into.

Alpha Trust Andromeda Investment Trust 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 semi-annually data reported by the company within the most recent 12 months, which was €6.54 Mil.

Alpha Trust Andromeda Investment Trust (ATH:ANDRO) EBIT Explanation

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

Alpha Trust Andromeda Investment Trust'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0.912 * ( 1 - 18.24% )	/	( (0.00099999999999767	+	0.036000000000001)	/ 2 )
=	0.7456512	/	0.0185
=	4,030.55 %

where

	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	))
=	31.828	-	2.478	-	( 31.634	-	max(0, 2.478	-	31.827	+	31.634	))
=	0.00099999999999767

	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	))
=	30.541	-	1.678	-	( 29.841	-	max(0, 1.693	-	30.52	+	29.841	))
=	0.036000000000001

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

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

Alpha Trust Andromeda Investment Trust'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.912	/	( ( (0.001 + max(-2.466, 0))	+	(0.02 + max(-1.045, 0)) )	/	2 )
=	0.912	/	( ( 0.001	+	0.02 )	/	2 )
=	0.912	/	0.0105
=	8,685.71 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.012)	-	(2.478	+	0	+	0)
=	-2.466

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.638	+	0	+	0.0039999999999978)	-	(1.678	+	0	+	0.0090000000000001)
=	-1.045

When net working capital is negative, 0 is used.

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

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

Alpha Trust Andromeda Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	6.543	/	-6.989
	=	-93.62 %

Alpha Trust Andromeda Investment Trust EBIT Related Terms

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Alpha Trust Andromeda Investment Trust (ATH:ANDRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alpha Trust Andromeda Investment Trust SA (ATH:ANDRO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

21, Tatoiou Street, Kifisia, Athens, GRC, 145 61

Website

http://www.andromeda.eu

Alpha Trust Andromeda Investment Trust SA is a portfolio investment trust based in Greece. It engages in the management of financial assets. The investment portfolio includes listed domestic stock, Greek government bonds, corporate bonds, bonds, and derivatives.

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