Global PVQ SE (HAM:QCE) EBIT: €-720 Mil (TTM As of Dec. 2011)


What is Global PVQ SE EBIT?

Global PVQ SE HAM:QCE EBIT is €-720 Mil as of Dec. 2011.

Global PVQ SE's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2011 was €-346 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2011 was €-720 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global PVQ SE's annualized ROC % for the quarter that ended in Dec. 2011 was -32.23%. Global PVQ SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was -224.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Global PVQ SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was -27,224.95%.

Global PVQ SE  (HAM:QCE) EBIT Explanation

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

Global PVQ SE's annualized ROC % for the quarter that ended in Dec. 2011 is calculated as:

ROC % (Q: Dec. 2011 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2011 ) + Invested Capital (Q: Dec. 2011 ))/ count )
=-378 * ( 1 - 0% )/( (1304.5 + 1041.1)/ 2 )
=-378/1172.8
=-32.23 %

where

Invested Capital(Q: Sep. 2011 )
=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))
=1603.6 - 128.8 - ( 271.7 - max(0, 576.2 - 746.5+271.7))
=1304.5

Invested Capital(Q: Dec. 2011 )
=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))
=1215.8 - 106.7 - ( 329 - max(0, 589.7 - 657.7+329))
=1041.1

Note: The Operating Income data used here is four times the quarterly (Dec. 2011) data.

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

Global PVQ SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2011 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2011  Q: Dec. 2011
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1382/( ( (695.3 + max(96, 0)) + (440.8 + max(-73.6, 0)) )/ 2 )
=-1382/( ( 791.3 + 440.8 )/ 2 )
=-1382/616.05
=-224.33 %

where Working Capital is:

Working Capital(Q: Sep. 2011 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(117.6 + 330.8 + 0.79999999999995) - (128.8 + 0 + 224.4)
=96

Working Capital(Q: Dec. 2011 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135.1 + 142.5 + 33.2) - (106.7 + 0 + 277.7)
=-73.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2011) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2011 )
=-720.1/2.645
=-27,224.95 %

* 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.

Global PVQ SE EBIT Related Terms

Global PVQ SE EBIT Historical Data

* Premium members only.

The historical data trend for Global PVQ 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.

Global PVQ SE EBIT Chart

Global PVQ SE Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
EBIT
Get a 7-Day Free Trial 228.00 207.30 -371.70 173.40 -720.00

Global PVQ SE Quarterly Data
Dec04 Dec05 Dec06 Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.40 -16.00 -315.30 -43.30 -345.50

HAM:QCE vs BSRC, YGEHY: EBIT Comparison

For the Solar subindustry, Global PVQ 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.

Global PVQ SE EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Global PVQ SE's EV-to-EBIT distribution charts can be found below:

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


Global PVQ 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was €-720 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-720 Mil mean?
Global PVQ SE (HAM:QCE) has a EBIT of €-720 Mil as of Dec. 2011. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Global PVQ SE.
Is Global PVQ SE's EBIT too high?
Global PVQ SE's current EBIT is €-720 Mil.
How does Global PVQ SE's EBIT compare to BSRC and YGEHY?
Global PVQ SE's EBIT of €-720 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Semiconductors company?
A good EBIT depends on the Semiconductors industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Global PVQ SE. Global PVQ SE's current EBIT is €-720 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global PVQ SE stock overvalued right now?
Global PVQ SE (HAM:QCE) has a current EBIT of €-720 Mil. The current EBIT is €-720 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Global PVQ SE (HAM:QCE), the current EBIT is €-720 Mil as of Dec. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Global PVQ SE Business Description

Address OT Thalheim, Sonnenallee 17-21, Bitterfeld-Wolfen, DEU, 06766
Global PVQ SE is engaged in the production of renewable energies and photovoltaic devices. The business activities of the group are under Products and Systems segments. The Products segment comprises the production and sale of solar cells from monocrystalline and polycrystalline silicon, and production and sale of corresponding modules. The Systems segment comprises the development and installation of photovoltaic systems, including both large-scale systems as well as medium-sized industrial and commercial systems. Geographically, the activities are functioned through the region of Germany.