Miko NV (LTS:0F99) EBIT : €9.8 Mil (TTM As of Jun. 2024)

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What is Miko NV EBIT?

Miko NV's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €6.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €9.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Miko NV's annualized ROC % for the quarter that ended in Jun. 2024 was 0.11%. Miko NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Miko NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.96%.

Miko NV EBIT Historical Data

The historical data trend for Miko NV'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.

Miko NV EBIT Chart

Miko NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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12.24

-0.07

6.47

2.45

6.14

Miko NV Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															4.93	-2.49	2.91	3.24	6.56

Competitive Comparison of Miko NV's EBIT

For the Packaged Foods subindustry, Miko NV'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.

Miko NV's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Miko NV's EV-to-EBIT distribution charts can be found below:

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

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Miko NV 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €9.8 Mil.

Miko NV (LTS:0F99) EBIT Explanation

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

Miko NV's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	0.33 * ( 1 - 19.6% )	/	( (240.084	+	227.88)	/ 2 )
=	0.26532	/	233.982
=	0.11 %

where

	Invested Capital		(Q: Dec. 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	))
=	312.138	-	54.375	-	( 17.679	-	max(0, 77.84	-	108.813	+	17.679	))
=	240.084

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	298.399	-	55.764	-	( 14.755	-	max(0, 69.913	-	93.285	+	14.755	))
=	227.88

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Miko NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.118	/	( ( (98.836 + max(29.193, 0))	+	(101.46 + max(22.765, 0)) )	/	2 )
=	13.118	/	( ( 128.029	+	124.225 )	/	2 )
=	13.118	/	126.127
=	10.40 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(46.466	+	42.455	+	0.031999999999996)	-	(54.375	+	0	+	5.385)
=	29.193

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.246	+	36.283	+	0.0010000000000048)	-	(55.764	+	0	+	0.00099999999999056)
=	22.765

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	9.795	/	140.777
	=	6.96 %

Miko NV EBIT Related Terms

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Miko NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Miko NV (LTS:0F99) » Definitions » EBIT

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Traded in Other Exchanges

MIKO:Belgium

Address

Steenweg op Mol 177, Turnhout, BEL, B-2300

Website

https://www.mikocoffee.be

Miko NV is involved in the business of producing and distributing coffee and plastic packaging. The company also manages its subsidiaries in European countries and Australia as well as sells its coffee concepts via independent distributors in countries across Europe and beyond. The sole business segment focuses exclusively on coffee, catering to the Out-of-Home market. This market includes offices, businesses, and restaurants where coffee is consumed away from home. Additionally, the segment supplies coffee to retail outlets. The various national subsidiaries within the coffee division all focus on the market segments of office coffee, the hospitality sector, and health care. It mainly operates in Belgium, England, Germany, New Zealand, France and others.

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