Syensqo (FRA:2NF) EBIT : €897 Mil (TTM As of Jun. 2023)

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What is Syensqo EBIT?

Syensqo's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €424 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €897 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Syensqo's annualized ROC % for the quarter that ended in Jun. 2023 was 9.16%. Syensqo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 20.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Syensqo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 6.49%.

Syensqo EBIT Historical Data

The historical data trend for Syensqo'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.

Syensqo EBIT Chart

Syensqo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

EBIT

-953.00

581.00

1,099.00

Syensqo Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
EBIT	-	-	626.00	473.00	424.00

Competitive Comparison of Syensqo's EBIT

For the Chemicals subindustry, Syensqo'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.

Syensqo's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Syensqo's EV-to-EBIT distribution charts can be found below:

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

Syensqo 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €897 Mil.

Syensqo (FRA:2NF) EBIT Explanation

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

Syensqo's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	1272 * ( 1 - 8.48% )	/	( (13289	+	12132)	/ 2 )
=	1164.1344	/	12710.5
=	9.16 %

where

	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	))
=	13633	-	1360	-	( 297	-	max(0, 5739	-	4723	+	297	))
=	13289

	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	))
=	13275	-	962	-	( 334	-	max(0, 4147	-	4328	+	334	))
=	12132

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

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

Syensqo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	848	/	( ( (3347 + max(928, 0))	+	(3450 + max(681, 0)) )	/	2 )
=	848	/	( ( 4275	+	4131 )	/	2 )
=	848	/	4203
=	20.18 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1027	+	1393	+	222)	-	(1360	+	0	+	354)
=	928

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1032	+	1275	+	40)	-	(962	+	0	+	704)
=	681

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	897	/	13811.673
	=	6.49 %

Syensqo EBIT Related Terms

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Syensqo (FRA:2NF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Syensqo SA (FRA:2NF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SYENSb:UK SYENS:Belgium

Address

Rue de la fusee 98, Brussels, BEL, 1130

Website

https://www.syensqo.com

Syensqo SA is a company dedicated to providing solutions across specialty polymers, composite materials, specialty formulations and bio-circular chemistries to assist its customers in identifying, developing and manufacturing the next generation of high-performance sustainable solutions.

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