Evergent Investments (BSE:EVER) EBIT : lei136.3 Mil (TTM As of Dec. 2023)

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What is Evergent Investments EBIT?

Evergent Investments's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was lei107.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was lei136.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evergent Investments's annualized ROC % for the quarter that ended in Dec. 2023 was 6.37%. Evergent Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 306.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evergent Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.04%.

Evergent Investments EBIT Historical Data

The historical data trend for Evergent Investments'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.

Evergent Investments EBIT Chart

Evergent Investments Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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178.11

11.36

54.47

113.40

136.25

Evergent Investments Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial														4.16	70.92	42.48	29.17	107.09

Competitive Comparison of Evergent Investments's EBIT

For the Asset Management subindustry, Evergent Investments'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.

Evergent Investments's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Evergent Investments's EV-to-EBIT distribution charts can be found below:

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

Evergent Investments 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 lei136.3 Mil.

Evergent Investments (BSE:EVER) EBIT Explanation

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

Evergent Investments'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 )
=	183.864 * ( 1 - 11.53% )	/	( (2479.375	+	2627.44)	/ 2 )
=	162.6644808	/	2553.4075
=	6.37 %

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	))
=	2569.765	-	70.699	-	( 79.949	-	max(0, 174.026	-	193.717	+	79.949	))
=	2479.375

	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	))
=	3028.371	-	73.501	-	( 327.43	-	max(0, 86.708	-	454.506	+	327.43	))
=	2627.44

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:

Evergent Investments'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 )
=	214.172	/	( ( (81.462 + max(-15.773, 0))	+	(58.148 + max(-4.4650000000001, 0)) )	/	2 )
=	214.172	/	( ( 81.462	+	58.148 )	/	2 )
=	214.172	/	69.805
=	306.81 %

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)
=	(12.133	+	41.385	+	1.519)	-	(70.699	+	0	+	0.11100000000002)
=	-15.773

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.522	+	48.607	+	5.9979999999999)	-	(73.501	+	0	+	0.090999999999994)
=	-4.4650000000001

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	136.251	/	1044.850
	=	13.04 %

Evergent Investments EBIT Related Terms

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Evergent Investments (BSE:EVER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Evergent Investments SA (BSE:EVER) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pictor Aman Street 94 C, Bacau, ROU, 600164

Website

https://www.evergent.ro

Evergent Investments SA is a Romanian financial investment company. The group has five reporting segments which include financial investment services, manufacture and sale of agricultural machinery, real estate development (apartments, including parking spaces), cultivation of fruit-bearing trees (blueberries), and Others.