Trade & Value AG (HAM:TAV) EBIT : €-0.06 Mil (TTM As of Dec. 2022)

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What is Trade & Value AG EBIT?

Trade & Value AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was €-0.06 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was €-0.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trade & Value AG's annualized ROC % for the quarter that ended in Dec. 2022 was -21.89%. Trade & Value AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trade & Value AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 50.43%.

Trade & Value AG EBIT Historical Data

The historical data trend for Trade & Value AG'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.

Trade & Value AG EBIT Chart

Trade & Value AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-0.37

-0.35

-0.27

-0.06

Trade & Value AG Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
EBIT	Get a 7-Day Free Trial										-0.37	-0.35	-0.27	-0.06	-0.06

Competitive Comparison of Trade & Value AG's EBIT

For the Asset Management subindustry, Trade & Value AG'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.

Trade & Value AG's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Trade & Value AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Trade & Value AG's EV-to-EBIT falls into.

Trade & Value AG 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was €-0.06 Mil.

Trade & Value AG (HAM:TAV) EBIT Explanation

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

Trade & Value AG's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-0.058 * ( 1 - 0% )	/	( (0.279	+	0.251)	/ 2 )
=	-0.058	/	0.265
=	-21.89 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	0.808	-	0.002	-	( 0.537	-	max(0, 0.012	-	0.539	+	0.537	))
=	0.279

	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	))
=	0.732	-	0.034	-	( 0.493	-	max(0, 0.047	-	0.494	+	0.493	))
=	0.251

Note: The Operating Income data used here is one times the annual (Dec. 2022) data.

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

Trade & Value AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.058	/	( ( (0 + max(-0.01, 0))	+	(0 + max(-0.046, 0)) )	/	2 )
=	-0.058	/	( ( 0	+	0 )	/	2 )
=	-0.058	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.002	+	0	+	0)	-	(0.002	+	0	+	0.01)
=	-0.01

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(0.034	+	0	+	0.013)
=	-0.046

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

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

Trade & Value AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	-0.058	/	-0.115
	=	50.43 %

Trade & Value AG EBIT Related Terms

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Trade & Value AG (HAM:TAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Trade & Value AG (HAM:TAV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amalienstrasse 17 - 21, Oldenburg, DEU, 26135

Website

http://www.tav.ag

Trade & Value AG is an asset management company operating in Germany. The company focuses on investing in valued companies, undervalued assets, and turnaround stocks.

Executives

Oliver Dornisch

Board of Directors

Trade & Value AG (HAM:TAV) Headlines

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