Hera SpA (Hera SpA) EBIT : $805 Mil (TTM As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Hera SpA EBIT?

Hera SpA's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $109 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $805 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hera SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 7.12%. Hera SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hera SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.81%.

Hera SpA EBIT Historical Data

The historical data trend for Hera 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.

Hera SpA EBIT Chart

Hera SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

737.00

679.81

585.99

555.30

889.64

Hera SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															383.41	199.78	184.74	109.27	311.52

Competitive Comparison of Hera SpA's EBIT

For the Utilities - Diversified subindustry, Hera 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.

Hera SpA's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hera SpA's EV-to-EBIT distribution charts can be found below:

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

Hera 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 quarterly data reported by the company within the most recent 12 months, which was $805 Mil.

Hera SpA (OTCPK:HRASF) EBIT Explanation

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

Hera 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1125.844 * ( 1 - 24.48% )	/	( (11967.449	+	11916.685)	/ 2 )
=	850.2373888	/	11942.067
=	7.12 %

where

	Invested Capital		(Q: Sep. 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	))
=	14983.351	-	2097.759	-	( 1319.637	-	max(0, 5305.443	-	6223.586	+	1319.637	))
=	11967.449

	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	))
=	16444.929	-	3815.376	-	( 1525.3	-	max(0, 6529.008	-	7241.876	+	1525.3	))
=	11916.685

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Hera 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	437.076	/	( ( (2221.985 + max(-379.829, 0))	+	(2342.421 + max(-1617.667, 0)) )	/	2 )
=	437.076	/	( ( 2221.985	+	2342.421 )	/	2 )
=	437.076	/	2282.203
=	19.15 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2539.274	+	1231.27	+	1133.405)	-	(2097.759	+	0	+	3186.019)
=	-379.829

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2660.632	+	688.768	+	896.619)	-	(3815.376	+	0	+	2048.31)
=	-1617.667

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	805.313	/	9136.768
	=	8.81 %

Hera SpA EBIT Related Terms

Thank you for viewing the detailed overview of Hera SpA's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Hera SpA (Hera SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hera SpA (OTCPK:HRASF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HER:Italy HERm:UK 0NVV:UK HE9:Germany

Address

Viale Carlo Berti Pichat nr. 2/4, Bologna, ITA, 40127

Website

https://www.gruppohera.it

Hera SpA is Italian energy and utilities holding company. As a holding company, Hera is a combination of public-service companies built into a single multi-utility entity. The company operates in environmental services (waste collection and treatment); energy services (distribution and sale of electricity and gas); and water services (waterworks, sewerage, and purification). Primarily, Hera operates in the provinces of Bologna, Rimini, Ravenna-Lugo, Forli-Cesena, and Imola-Faenza in northern Italy.