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Milano Assicurazioni (LTS:0A1H) EBIT : €-92 Mil (TTM As of Sep. 2013)


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What is Milano Assicurazioni EBIT?

Milano Assicurazioni's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2013 was €114 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was €-92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Milano Assicurazioni's annualized ROC % for the quarter that ended in Sep. 2013 was 3.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Milano Assicurazioni's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -5.06%.


Milano Assicurazioni EBIT Historical Data

The historical data trend for Milano Assicurazioni'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.

Milano Assicurazioni EBIT Chart

Milano Assicurazioni Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
EBIT
Get a 7-Day Free Trial Premium Member Only 245.25 -189.23 -754.87 -421.63 -280.63

Milano Assicurazioni Quarterly Data
Dec09 Jun10 Mar11 Jun11 Dec11 Jun12 Dec12 Jun13 Sep13
EBIT Get a 7-Day Free Trial Premium Member Only -249.86 33.13 -283.67 77.85 113.54

Competitive Comparison of Milano Assicurazioni's EBIT

For the Insurance - Diversified subindustry, Milano Assicurazioni'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.


Milano Assicurazioni's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Milano Assicurazioni's EV-to-EBIT distribution charts can be found below:

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



Milano Assicurazioni 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-92 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.


Milano Assicurazioni  (LTS:0A1H) EBIT Explanation

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

Milano Assicurazioni's annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

ROC % (Q: Sep. 2013 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2013 ) + Invested Capital (Q: Sep. 2013 ))/ count )
=454.144 * ( 1 - 32.33% )/( (10166.5437 + 10067.7277)/ 2 )
=307.3192448/10117.1357
=3.04 %

where

Invested Capital(Q: Jun. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=10506.477 - 205.555 - ( 173.56 - 5% * 783.634 )
=10166.5437

Invested Capital(Q: Sep. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=10427.346 - 209.156 - ( 188.61 - 5% * 762.954 )
=10067.7277

Note: The EBIT data used here is four times the quarterly (Sep. 2013) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2013 )
=-92.284/1822.025
=-5.06 %

* 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.


Milano Assicurazioni EBIT Related Terms

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Milano Assicurazioni (LTS:0A1H) Business Description

Traded in Other Exchanges
N/A
Address
Milano Assicurazioni is incorporated in Italy. It is engaged in the insurance sector. The Company offers a range of insurance products, such as car, accident, health, life, railway, aviation, property and credit insurance policies. The Company is also active in the provision of collective insurance policies and pension funds management.

Milano Assicurazioni (LTS:0A1H) Headlines

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