EVS Broadcast Equipment (FRA:5E1) EBIT : €41.5 Mil (TTM As of Dec. 2023)

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What is EVS Broadcast Equipment EBIT?

EVS Broadcast Equipment's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €16.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €41.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EVS Broadcast Equipment's annualized ROC % for the quarter that ended in Dec. 2023 was 20.60%. EVS Broadcast Equipment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EVS Broadcast Equipment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.24%.

EVS Broadcast Equipment EBIT Historical Data

The historical data trend for EVS Broadcast Equipment'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.

EVS Broadcast Equipment EBIT Chart

EVS Broadcast Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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23.53

5.19

38.59

33.68

41.47

EVS Broadcast Equipment 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															22.63	17.79	15.89	25.30	16.18

Competitive Comparison of EVS Broadcast Equipment's EBIT

For the Communication Equipment subindustry, EVS Broadcast Equipment'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.

EVS Broadcast Equipment's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, EVS Broadcast Equipment's EV-to-EBIT distribution charts can be found below:

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

EVS Broadcast Equipment 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 €41.5 Mil.

EVS Broadcast Equipment (FRA:5E1) EBIT Explanation

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

EVS Broadcast Equipment'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 )
=	32.37 * ( 1 - -0.47% )	/	( (148.37	+	167.339)	/ 2 )
=	32.522139	/	157.8545
=	20.60 %

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	))
=	238.083	-	39.289	-	( 50.424	-	max(0, 42.985	-	155.116	+	50.424	))
=	148.37

	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	))
=	251.576	-	33.29	-	( 50.947	-	max(0, 47.94	-	166.557	+	50.947	))
=	167.339

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:

EVS Broadcast Equipment'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 )
=	32.35	/	( ( (55.361 + max(51.744, 0))	+	(55.073 + max(59.719, 0)) )	/	2 )
=	32.35	/	( ( 107.105	+	114.792 )	/	2 )
=	32.35	/	110.9485
=	29.16 %

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)
=	(60.821	+	30.212	+	0)	-	(39.289	+	0	+	0)
=	51.744

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(67.243	+	33.001	+	3.519)	-	(33.29	+	0	+	10.754)
=	59.719

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:

EVS Broadcast Equipment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	41.471	/	369.076
	=	11.24 %

EVS Broadcast Equipment EBIT Related Terms

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EVS Broadcast Equipment (FRA:5E1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EVS Broadcast Equipment SA (FRA:5E1) » Definitions » EBIT

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EVSBY:USA EVS:Belgium

Address

Liege Science Park, 13 Rue Bois Saint-Jean, Seraing, BEL, B-4102

Website

https://www.evs.com

EVS Broadcast Equipment SA designs and markets digital electronic systems to broadcasters, production companies, post-production facilities, film studios, content owners, and archive libraries around the globe, to support the production of their sports, entertainment, and news programs. EVS provides solutions based on tapeless workflows with a consistent modular architecture. The company has a presence in Asia-Pacific, Europe, the Middle East and Africa, and America and generates its revenues from outside broadcast vans, studios, and others sporting event rentals.

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