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Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) EBIT : ₺1,253 Mil (TTM As of Dec. 2023)


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What is Cimentas Izmir Cimento Fabrikasi Turk AS EBIT?

Cimentas Izmir Cimento Fabrikasi Turk AS's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₺-639 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₺1,253 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cimentas Izmir Cimento Fabrikasi Turk AS's annualized ROC % for the quarter that ended in Dec. 2023 was -17.40%. Cimentas Izmir Cimento Fabrikasi Turk AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -73.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cimentas Izmir Cimento Fabrikasi Turk AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.81%.


Cimentas Izmir Cimento Fabrikasi Turk AS EBIT Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk AS'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.

Cimentas Izmir Cimento Fabrikasi Turk AS EBIT Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -106.57 -47.88 226.41 666.86 1,252.87

Cimentas Izmir Cimento Fabrikasi Turk AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only 11.24 112.23 1,133.50 647.08 -639.37

Competitive Comparison of Cimentas Izmir Cimento Fabrikasi Turk AS's EBIT

For the Building Materials subindustry, Cimentas Izmir Cimento Fabrikasi Turk AS'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.


Cimentas Izmir Cimento Fabrikasi Turk AS's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimentas Izmir Cimento Fabrikasi Turk AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cimentas Izmir Cimento Fabrikasi Turk AS's EV-to-EBIT falls into.



Cimentas Izmir Cimento Fabrikasi Turk AS 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 ₺1,253 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.


Cimentas Izmir Cimento Fabrikasi Turk AS  (IST:CMENT) EBIT Explanation

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

Cimentas Izmir Cimento Fabrikasi Turk AS'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 )
=-1393.336 * ( 1 - 4.53% )/( (5062.571 + 10229.908)/ 2 )
=-1330.2178792/7646.2395
=-17.40 %

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))
=7014.183 - 1491.539 - ( 460.073 - max(0, 2072.778 - 3669.462+460.073))
=5062.571

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))
=13550.256 - 1844.022 - ( 1476.326 - max(0, 2333.452 - 4437.781+1476.326))
=10229.908

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

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

Cimentas Izmir Cimento Fabrikasi Turk AS'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 )
=-2557.468/( ( (1028.032 + max(1348.253, 0)) + (3878.176 + max(663.681, 0)) )/ 2 )
=-2557.468/( ( 2376.285 + 4541.857 )/ 2 )
=-2557.468/3459.071
=-73.94 %

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)
=(2027.074 + 930.204 + 230.671) - (1491.539 + 0 + 348.157)
=1348.253

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1736.924 + 1055.756 + 149.307) - (1844.022 + 0 + 434.284)
=663.681

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:

Cimentas Izmir Cimento Fabrikasi Turk AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1253.442/32899.495
=3.81 %

* 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.


Cimentas Izmir Cimento Fabrikasi Turk AS EBIT Related Terms

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Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Business Description

Traded in Other Exchanges
N/A
Address
Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070
Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Headlines

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