Optima Health (FRA:J3N) EBIT : € Mil (TTM As of Mar. 2024)

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What is Optima Health EBIT?

Optima Health's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was €-0.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Optima Health's annualized ROC % for the quarter that ended in Mar. 2024 was 8.15%. Optima Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -25.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Optima Health EBIT Historical Data

The historical data trend for Optima Health'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.

Optima Health EBIT Chart

Optima Health Annual Data

Trend

Mar22

Mar23

Mar24

EBIT

-0.59

0.96

-0.84

Optima Health Semi-Annual Data
	Mar22	Mar23	Mar24
EBIT	-0.59	0.96	-0.84

Competitive Comparison of Optima Health's EBIT

For the Health Information Services subindustry, Optima Health'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.

Optima Health's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Optima Health's EV-to-EBIT distribution charts can be found below:

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

Optima Health 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was € Mil.

Optima Health (FRA:J3N) EBIT Explanation

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

Optima Health's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	16.946 * ( 1 - -26.47% )	/	( (296.178	+	229.518)	/ 2 )
=	21.4316062	/	262.848
=	8.15 %

where

	Invested Capital		(Q: Mar. 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	))
=	255.344	-	10.377	-	( 14.426	-	max(0, 88.467	-	37.256	+	14.426	))
=	296.178

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	245.943	-	23.237	-	( 9.615	-	max(0, 36.972	-	30.16	+	9.615	))
=	229.518

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

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

Optima Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.686	/	( ( (7.928 + max(-11.654, 0))	+	(5.465 + max(-11.393, 0)) )	/	2 )
=	-1.686	/	( ( 7.928	+	5.465 )	/	2 )
=	-1.686	/	6.6965
=	-25.18 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.361	+	0.185	+	1.509)	-	(10.377	+	0	+	14.332)
=	-11.654

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.717	+	0.074	+	1.053)	-	(23.237	+	0	+	7.105427357601E-15)
=	-11.393

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=		/	208.825
	=	%

Optima Health EBIT Related Terms

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Optima Health Business Description

Industry

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OPT:UK J3N:Germany

Address

2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY

Website

https://www.optimahealth.co.uk

Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.

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