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Close The Loop (FRA:GI5) EBIT : €14.6 Mil (TTM As of Jun. 2024)


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What is Close The Loop EBIT?

Close The Loop's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €7.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €14.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Close The Loop's annualized ROC % for the quarter that ended in Jun. 2024 was 5.83%. Close The Loop's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 35.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Close The Loop's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 12.55%.


Close The Loop EBIT Historical Data

The historical data trend for Close The Loop'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.

Close The Loop EBIT Chart

Close The Loop Annual Data
Trend Jun22 Jun23 Jun24
EBIT
2.25 10.73 14.61

Close The Loop Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 1.24 3.76 7.08 7.05 7.52

Competitive Comparison of Close The Loop's EBIT

For the Waste Management subindustry, Close The Loop'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.


Close The Loop's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's EV-to-EBIT distribution charts can be found below:

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



Close The Loop 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €14.6 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.


Close The Loop  (FRA:GI5) EBIT Explanation

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

Close The Loop's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=9.636 * ( 1 - 13.45% )/( (140.671 + 145.245)/ 2 )
=8.339958/142.958
=5.83 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Close The Loop's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=15.044/( ( (26.705 + max(6.118, 0)) + (30.977 + max(19.935, 0)) )/ 2 )
=15.044/( ( 32.823 + 50.912 )/ 2 )
=15.044/41.8675
=35.93 %

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)
=(18.365 + 12.101 + 2.242) - (16.266 + 2.544 + 7.78)
=6.118

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.649 + 12.304 + 1.922) - (12.893 + 1.09 + 2.957)
=19.935

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Close The Loop's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=14.574/116.085
=12.55 %

* 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.


Close The Loop EBIT Related Terms

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Close The Loop Business Description

Comparable Companies
Traded in Other Exchanges
Address
43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167
Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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