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Armatura (BSE:ARM) EBIT : lei-0.65 Mil (TTM As of Mar. 2024)


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What is Armatura EBIT?

Armatura's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was lei-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was lei-0.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Armatura's annualized ROC % for the quarter that ended in Mar. 2024 was -91.05%. Armatura's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -134.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Armatura's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -43.67%.

Armatura EBIT Historical Data

The historical data trend for Armatura'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.

Armatura EBIT Chart

Armatura Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.31 -1.83 16.72 -0.84 -0.50

Armatura 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 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 -0.19 0.13 -0.24 -0.21 -0.34

Competitive Comparison of Armatura's EBIT

For the Specialty Industrial Machinery subindustry, Armatura'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.

Armatura's EV-to-EBIT Distribution in the Industrial Products Industry

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

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


Armatura 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 lei-0.65 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.

Armatura  (BSE:ARM) EBIT Explanation

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

Armatura'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 )
=-1.348 * ( 1 - 0% )/( (1.652 + 1.309)/ 2 )
=-1.348/1.4805
=-91.05 %

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))
=8.94 - 0.17 - ( 7.44 - max(0, 0.997 - 8.115+7.44))
=1.652

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))
=8.656 - 0.315 - ( 7.032 - max(0, 0.572 - 7.818+7.032))
=1.309

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

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

Armatura'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 )
=-1.348/( ( (0.825 + max(0.065, 0)) + (0.838 + max(0.28, 0)) )/ 2 )
=-1.348/( ( 0.89 + 1.118 )/ 2 )
=-1.348/1.004
=-134.26 %

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)
=(0.322 + 0 + 0.339) - (0.17 + 0 + 0.426)
=0.065

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.622 + 0 + 0.164) - (0.315 + 0 + 0.191)
=0.28

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-0.649/1.486
=-43.67 %

* 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.

Armatura EBIT Related Terms

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Armatura (BSE:ARM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Armatura SA (BSE:ARM) » Definitions » EBIT
Comparable Companies
BSE:ECT BSE:UCM GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273 BSP:WEGE3 SHSE:600406 IR TSE:6954
Traded in Other Exchanges
N/A
Address
19 Garii Street, Cluj-Napoca, ROU, 400267
Website
https://www.armatura.ro
Armatura SA is engaged in the manufacturing of taps and valves. The company develops, manufactures and sells the following products for equipment of installations of gas, water, cooling, heating and air conditioning; and Industrial products, as a supplier for OEM (Original Equipment Manufacturer) clients. It sold its product both in national and international markets.