Afarak Group SE (CHIX:AFAGRH) EBIT : €51.2 Mil (TTM As of Dec. 2022)

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What is Afarak Group SE EBIT?

Afarak Group SE's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was €27.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was €51.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Afarak Group SE's annualized ROC % for the quarter that ended in Dec. 2022 was 34.30%. Afarak Group SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 112.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Afarak Group SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 67.54%.

Afarak Group SE EBIT Historical Data

The historical data trend for Afarak Group SE'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.

Afarak Group SE EBIT Chart

Afarak Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-3.26

-29.51

5.69

51.25

12.81

Afarak Group SE Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
EBIT	Get a 7-Day Free Trial															-2.01	7.69	24.05	27.20	-

Competitive Comparison of Afarak Group SE's EBIT

For the Other Industrial Metals & Mining subindustry, Afarak Group SE'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.

Afarak Group SE's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Afarak Group SE's EV-to-EBIT distribution charts can be found below:

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

Afarak Group SE 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €51.2 Mil.

Afarak Group SE (CHIX:AFAGRh) EBIT Explanation

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

Afarak Group SE's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	56.448 * ( 1 - 11.57% )	/	( (154.847	+	136.228)	/ 2 )
=	49.9169664	/	145.5375
=	34.30 %

where

	Invested Capital		(Q: Jun. 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	))
=	172.173	-	12.363	-	( 4.963	-	max(0, 40.049	-	74.542	+	4.963	))
=	154.847

	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	))
=	159.758	-	11.112	-	( 12.418	-	max(0, 21.238	-	65.208	+	12.418	))
=	136.228

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

Afarak Group SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	54.4	/	( ( (39.916 + max(3.38, 0))	+	(40.256 + max(13.409, 0)) )	/	2 )
=	54.4	/	( ( 43.296	+	53.665 )	/	2 )
=	54.4	/	48.4805
=	112.21 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.666	+	25.763	+	0)	-	(12.363	+	0	+	27.686)
=	3.38

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.833	+	24.472	+	0.553)	-	(11.112	+	0	+	8.337)
=	13.409

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

Afarak Group SE's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	51.248	/	75.882
	=	67.54 %

Afarak Group SE EBIT Related Terms

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Afarak Group SE (CHIX:AFAGRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Afarak Group SE (CHIX:AFAGRh) » Definitions » EBIT

Traded in Other Exchanges

AFAGR:Finland

Address

Kaisaniemenkatu 4, Helsinki, FIN, 00100

Website

https://www.afarak.com

Afarak Group SE is a chrome mining and minerals producer focused on sustainable growth with a specialty alloys business in southern Europe and a ferroalloys business. The company has two operating segments FerroAlloys and Speciality Alloys. The FerroAlloys business consists of the plant Mogale Alloys, Vlakpoort mine, Zeerust mine, the Stellite mine, and the Mecklenburg mine in South Africa. It produces chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese. The Speciality Alloys business consists of Turk Maadin Sirketi A.S, the mining and beneficiation operation in Turkey, and Elektrowerk Weisweiler GmbH, the chromite concentrate processing plant in Germany. The company operates in European countries, the United States, China, Africa, Finland, and Other countries.

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