GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Steppe Cement Ltd (LSE:STCM) » Definitions » EBIT

Steppe Cement (LSE:STCM) EBIT : £4.66 Mil (TTM As of Dec. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Steppe Cement EBIT?

Steppe Cement's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £4.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £4.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Steppe Cement's annualized ROC % for the quarter that ended in Dec. 2023 was 8.73%. Steppe Cement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Steppe Cement's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.82%.


Steppe Cement EBIT Historical Data

The historical data trend for Steppe Cement'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.

Steppe Cement EBIT Chart

Steppe Cement 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 10.96 10.52 16.69 18.27 4.66

Steppe Cement Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 10.54 10.13 8.03 0.43 4.23

Competitive Comparison of Steppe Cement's EBIT

For the Building Materials subindustry, Steppe Cement'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.


Steppe Cement's EV-to-EBIT Distribution in the Building Materials Industry

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

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



Steppe Cement 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 £4.66 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.


Steppe Cement  (LSE:STCM) EBIT Explanation

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

Steppe Cement'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 )
=6.352 * ( 1 - 16.12% )/( (59.609 + 62.47)/ 2 )
=5.3280576/61.0395
=8.73 %

where

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:

Steppe Cement'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 )
=8.462/( ( (39.461 + max(17.166, 0)) + (39.93 + max(19.664, 0)) )/ 2 )
=8.462/( ( 56.627 + 59.594 )/ 2 )
=8.462/58.1105
=14.56 %

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)
=(1.535 + 16.782 + 9.913) - (8.238 + 0 + 2.826)
=17.166

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.741 + 22.876 + 6.26) - (8.143 + 0 + 2.07)
=19.664

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:

Steppe Cement's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=4.662/39.458
=11.82 %

* 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.


Steppe Cement EBIT Related Terms

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


Steppe Cement (LSE:STCM) Business Description

Traded in Other Exchanges
Address
No. 8, Jalan Perak, West Wing, Suite 10.1, 10th Floor, Rohas Perkasa, Kuala Lumpur, MYS, 50450
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. It derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.

Steppe Cement (LSE:STCM) Headlines

No Headlines