Picanol NV (LTS:0FM2) EBIT : €314 Mil (TTM As of Jun. 2022)

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What is Picanol NV EBIT?

Picanol NV's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2022 was €166 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was €314 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Picanol NV's annualized ROC % for the quarter that ended in Jun. 2022 was 11.57%. Picanol NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 21.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Picanol NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 25.30%.

Picanol NV EBIT Historical Data

The historical data trend for Picanol 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.

Picanol NV EBIT Chart

Picanol NV Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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125.50

228.40

87.50

131.00

300.40

Picanol NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
EBIT	Get a 7-Day Free Trial															92.70	38.30	152.20	148.20	165.80

Competitive Comparison of Picanol NV's EBIT

For the Specialty Industrial Machinery subindustry, Picanol 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.

Picanol NV's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Picanol 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €314 Mil.

Picanol NV (LTS:0FM2) EBIT Explanation

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

Picanol NV's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	341.2 * ( 1 - 23.19% )	/	( (2271.6	+	2257)	/ 2 )
=	262.07572	/	2264.3
=	11.57 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	3032	-	393.7	-	( 366.7	-	max(0, 755.7	-	1331.2	+	366.7	))
=	2271.6

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	3212.3	-	578.4	-	( 376.9	-	max(0, 785.5	-	1535.4	+	376.9	))
=	2257

Note: The Operating Income data used here is two times the semi-annual (Jun. 2022) data.

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

Picanol NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	331.6	/	( ( (1086 + max(342.2, 0))	+	(1120 + max(556.9, 0)) )	/	2 )
=	331.6	/	( ( 1428.2	+	1676.9 )	/	2 )
=	331.6	/	1552.55
=	21.36 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(385.1	+	486.2	+	11.1)	-	(393.7	+	0	+	146.5)
=	342.2

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(562.1	+	580.9	+	15.5)	-	(578.4	+	0	+	23.2)
=	556.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	314	/	1240.933
	=	25.30 %

Picanol NV EBIT Related Terms

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Picanol NV (LTS:0FM2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Picanol NV (LTS:0FM2) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Steverlyncklaan 15, Ieper, BEL, 8900

Website

http://www.picanolgroup.com

Picanol NV is a Belgium-based company that develops, manufactures, and distributes weaving machines, engineered casting solutions, and customized controllers. The company, through Weaving Machines (Picanol), supplies weaving machines to global weaving mills, as well as related services. Picanol also markets accessories via GTP Global Textile Partner. Also, the Picanol Group is involved in other business activities including foundry activities and mechanic finishing activities. The group's operating segment comprises Machines & Technologies; Agro; Bio-valorization; Industrial Solutions; and T-Power.

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