Modern Water (LSE:MWG) EBIT : £-1.79 Mil (TTM As of Jun. 2020)

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What is Modern Water EBIT?

Modern Water's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2020 was £-0.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was £-1.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Modern Water's annualized ROC % for the quarter that ended in Jun. 2020 was -71.79%. Modern Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -484.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Modern Water's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -13.09%.

Modern Water EBIT Historical Data

The historical data trend for Modern Water'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.

Modern Water EBIT Chart

Modern Water Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

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-4.24

-3.05

-5.23

-0.83

-1.60

Modern Water Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
EBIT	Get a 7-Day Free Trial															-1.48	0.65	-0.59	-1.01	-0.78

Competitive Comparison of Modern Water's EBIT

For the Pollution & Treatment Controls subindustry, Modern Water'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.

Modern Water's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Modern Water's EV-to-EBIT distribution charts can be found below:

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

Modern Water 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. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.79 Mil.

Modern Water (LSE:MWG) EBIT Explanation

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

Modern Water's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

	ROC % (Q: Jun. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Jun. 2020 ))	/ count )
=	-1.552 * ( 1 - -0.37% )	/	( (2.785	+	1.555)	/ 2 )
=	-1.5577424	/	2.17
=	-71.79 %

where

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	2.703	-	0.667	-	( 0.176	-	max(0, 1.899	-	1.15	+	0.176	))
=	2.785

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	3.922	-	1.721	-	( 0.799	-	max(0, 1.721	-	2.367	+	0.799	))
=	1.555

Note: The Operating Income data used here is two times the semi-annual (Jun. 2020) data.

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

Modern Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2019		Q: Jun. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.552	/	( ( (0.363 + max(-0.351, 0))	+	(0.278 + max(-0.153, 0)) )	/	2 )
=	-1.552	/	( ( 0.363	+	0.278 )	/	2 )
=	-1.552	/	0.3205
=	-484.24 %

where Working Capital is:

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.177	+	0.706	+	0.091)	-	(0.667	+	0	+	0.658)
=	-0.351

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.791	+	0.777	+	0)	-	(1.721	+	0	+	0)
=	-0.153

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

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

Modern Water's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2020 )
	=	-1.786	/	13.639
	=	-13.09 %

Modern Water EBIT Related Terms

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Modern Water (LSE:MWG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

6 New Street Square, 12th Floor, London, GBR, EC4A 3BF

Website

https://www.modernwater.com

Modern Water PLC owns, develops, and supplies technologies, products, and services related to the provision of freshwater and treatment and disposal of wastewater. Business activity of the group has functioned through two segments Membrane and Monitoring. The Membrane Division includes thermal desalination, membrane brine concentration, evaporative cooling systems, packaged seawater reverse osmosis desalination systems and wastewater treatment. Its Monitoring Division includes trace metal products, toxicity products, and environmental products. The company generates maximum revenue from Monitoring segment. Geographically, it has its business presence across the region of the Americas, Europe, Asia Pacific, Middle East, and Africa.