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Ferretti SpA (HKSE:09638) EBIT : HK$900 Mil (TTM As of Dec. 2023)


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What is Ferretti SpA EBIT?

Ferretti SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$422 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$900 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ferretti SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 4.84%. Ferretti SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ferretti SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.01%.


Ferretti SpA EBIT Historical Data

The historical data trend for Ferretti SpA'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.

Ferretti SpA EBIT Chart

Ferretti SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 105.44 91.42 400.41 598.88 901.93

Ferretti SpA Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only 164.90 255.80 344.59 478.27 421.96

Competitive Comparison of Ferretti SpA's EBIT

For the Recreational Vehicles subindustry, Ferretti SpA'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.


Ferretti SpA's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ferretti SpA's EV-to-EBIT distribution charts can be found below:

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



Ferretti SpA 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 HK$900 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.


Ferretti SpA  (HKSE:09638) EBIT Explanation

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

Ferretti SpA'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 )
=430.944 * ( 1 - 12.08% )/( (7587.343 + 8053.785)/ 2 )
=378.8859648/7820.564
=4.84 %

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))
=12601.379 - 3286.338 - ( 2995.499 - max(0, 5445.183 - 7172.881+2995.499))
=7587.343

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))
=13645.841 - 3801.763 - ( 2675.167 - max(0, 6132.328 - 7922.621+2675.167))
=8053.785

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:

Ferretti SpA'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 )
=843.918/( ( (3073.863 + max(-2391.577, 0)) + (3254.029 + max(-2422.127, 0)) )/ 2 )
=843.918/( ( 3073.863 + 3254.029 )/ 2 )
=843.918/3163.946
=26.67 %

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)
=(178.564 + 2229.944 + 541.266) - (3286.338 + 0 + 2055.013)
=-2391.577

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(191.004 + 2876.357 + 538.477) - (3801.763 + 0 + 2226.202)
=-2422.127

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:

Ferretti SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=900.23/6424.284
=14.01 %

* 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.


Ferretti SpA EBIT Related Terms

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Ferretti SpA (HKSE:09638) Business Description

Traded in Other Exchanges
Address
Via Ansaldo, 7, Forli, ITA, 47122
Ferretti SpA is an Italy based company. The company is engaged in the Sale of yachts to order (sale of composite yachts, made-to-measure yachts and super yachts) and the Sale of used boats.
Executives
Valea Foundation 2201 Interest of corporation controlled by you
Komarek Karel 2501 Other
Ubs Group Ag
Ferretti International Holding S.p.a. 2101 Beneficial owner
Shandong Heavy Industry Group Co., Ltd. 2201 Interest of corporation controlled by you
Weichai Holding Group Co., Ltd. 2201 Interest of corporation controlled by you
Weichai Holding Group Hongkong Investment Co., Limited 2201 Interest of corporation controlled by you
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
F Investments S.a. 2101 Beneficial owner
Ferrari Piero 2201 Interest of corporation controlled by you
Wang Renjie 2201 Interest of corporation controlled by you

Ferretti SpA (HKSE:09638) Headlines

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