Versarien (LSE:VRS) EBIT : £-13.70 Mil (TTM As of Sep. 2023)

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What is Versarien EBIT?

Versarien's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £-10.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £-13.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Versarien's annualized ROC % for the quarter that ended in Sep. 2023 was -29.74%. Versarien's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -338.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Versarien's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -169.43%.

Versarien EBIT Historical Data

The historical data trend for Versarien'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.

Versarien EBIT Chart

Versarien Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Sep23

EBIT

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-2.83

-4.61

-7.93

-4.74

-13.70

Versarien Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															-3.67	-2.86	-1.88	-3.13	-10.57

Competitive Comparison of Versarien's EBIT

For the Specialty Chemicals subindustry, Versarien'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.

Versarien's EV-to-EBIT Distribution in the Chemicals Industry

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

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

Versarien 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-13.70 Mil.

Versarien (LSE:VRS) EBIT Explanation

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

Versarien's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-3.982 * ( 1 - 0.79% )	/	( (17.757	+	8.812)	/ 2 )
=	-3.9505422	/	13.2845
=	-29.74 %

where

	Invested Capital		(Q: Mar. 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	))
=	20.702	-	2.183	-	( 0.762	-	max(0, 3.095	-	4.692	+	0.762	))
=	17.757

	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	))
=	10.379	-	0.971	-	( 0.596	-	max(0, 2.797	-	4.137	+	0.596	))
=	8.812

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

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

Versarien's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-21.14	/	( ( (5.363 + max(1.747, 0))	+	(3.443 + max(1.936, 0)) )	/	2 )
=	-21.14	/	( ( 7.11	+	5.379 )	/	2 )
=	-21.14	/	6.2445
=	-338.54 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.955	+	1.975	+	0)	-	(2.183	+	0	+	4.4408920985006E-16)
=	1.747

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.037	+	1.528	+	0.85)	-	(0.971	+	0	+	0.508)
=	1.936

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-13.7	/	8.086
	=	-169.43 %

Versarien EBIT Related Terms

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Versarien (LSE:VRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Versarien PLC (LSE:VRS) » Definitions » EBIT

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VRSRF:USA VRS.GB:UK 9RV:Germany

Address

Monmouth Road, Units 1A-D, Longhope Business Park, Longhope, Gloucestershire, GBR, GL17 0QZ

Website

https://www.versarien.com

Versarien PLC is an IP-led advanced engineering materials group that utilizes proprietary technology to create innovative new engineering solutions. The business activities of the group function through Graphene and Plastic Products and Hard Wear and Metallic Product segments. Graphene and Plastic Products focused on delivering graphene solutions through plastics and carbon fibre composites, and Hard Wear and Metallic Products focused on delivering aluminium and tungsten carbide products. Geographically, the company operates in the UK, North America, the Rest of Europe, and others.