ECO Buildings Group (LSE:ECOB) EBIT : £ Mil (TTM As of Jun. 2023)

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What is ECO Buildings Group EBIT?

ECO Buildings Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-0.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ECO Buildings Group's annualized ROC % for the quarter that ended in Jun. 2023 was -1.68%. ECO Buildings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -20.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

ECO Buildings Group EBIT Historical Data

The historical data trend for ECO Buildings Group'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.

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ECO Buildings Group EBIT Chart

ECO Buildings Group Annual Data

Trend

Dec21

EBIT

ECO Buildings Group Semi-Annual Data
	Jun22	Jun23
EBIT	-0.05	-0.73

Competitive Comparison of ECO Buildings Group's EBIT

For the Building Materials subindustry, ECO Buildings Group'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.

ECO Buildings Group's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ECO Buildings Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ECO Buildings Group's EV-to-EBIT falls into.

ECO Buildings Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £ Mil.

ECO Buildings Group (LSE:ECOB) EBIT Explanation

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

ECO Buildings Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.178 * ( 1 - 0% )	/	( (0	+	10.617)	/ 1 )
=	-0.178	/	10.617
=	-1.68 %

where

	Invested Capital		(Q: Jun. 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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	13.264	-	2.1	-	( 0.547	-	max(0, 2.1	-	4.782	+	0.547	))
=	10.617

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

ECO Buildings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.466	/	( ( (0 + max(0, 0))	+	(4.9 + max(2.135, 0)) )	/	1 )
=	-1.466	/	( ( 0	+	7.035 )	/	1 )
=	-1.466	/	7.035
=	-20.84 %

where Working Capital is:

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

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.182	+	2.053	+	8.8817841970013E-16)	-	(2.1	+	0	+	0)
=	2.135

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

ECO Buildings Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=		/	15.121
	=	%

ECO Buildings Group EBIT Related Terms

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ECO Buildings Group (LSE:ECOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ECO Buildings Group Plc (LSE:ECOB) » Definitions » EBIT

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Traded in Other Exchanges

ECOB:UK

Address

160 Camden High Street, London, GBR, NW1 0NE

Website

https://www.eco-buildings.net

ECO Buildings Group Plc will operate in the prefabricated modular housing sector. The company has acquired the proven and innovative prefabricated modular technology using glass fibre-reinforced gypsum (GFRG), an alternative construction method to achieve faster and more economical development of residential, commercial, and industrial dwellings. Eco Buildings' range of modular housing products provides a solution for the construction of both affordable and high-end housing, with Eco Buildings' products being up to 50% cheaper, two-thirds lighter and five times faster to deploy than conventionally built homes.

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