Mertiva AB (LTS:0GSH) EBIT : kr84.89 Mil (TTM As of Jun. 2020)

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What is Mertiva AB EBIT?

Mertiva AB's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2020 was kr18.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was kr84.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mertiva AB's annualized ROC % for the quarter that ended in Jun. 2020 was 4.20%. Mertiva AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 7,314.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mertiva AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 28.89%.

Mertiva AB EBIT Historical Data

The historical data trend for Mertiva AB'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.

Mertiva AB EBIT Chart

Mertiva AB Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Dec16

Dec17

Dec18

Dec19

EBIT

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-0.15

0.82

702.52

26.40

76.99

Mertiva AB Semi-Annual Data
	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
EBIT	Get a 7-Day Free Trial															28.34	-1.94	10.70	66.29	18.60

Competitive Comparison of Mertiva AB's EBIT

For the Asset Management subindustry, Mertiva AB'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.

Mertiva AB's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mertiva AB's EV-to-EBIT distribution charts can be found below:

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

Mertiva AB 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. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr84.89 Mil.

Mertiva AB (LTS:0GSH) EBIT Explanation

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

Mertiva AB's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

	ROC % (Q: Jun. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Jun. 2020 ))	/ count )
=	37.196 * ( 1 - 0% )	/	( (896.26	+	874.22)	/ 2 )
=	37.196	/	885.24
=	4.20 %

where

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	912.586	-	0	-	( 16.326	-	max(0, 0	-	70.918	+	16.326	))
=	896.26

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	943.726	-	0	-	( 81.105	-	max(0, 12.731	-	82.237	+	81.105	))
=	874.22

Note: The Operating Income data used here is two times the semi-annual (Jun. 2020) data.

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

Mertiva AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2019		Q: Jun. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	37.196	/	( ( (0 + max(0, 0))	+	(0 + max(1.017, 0)) )	/	2 )
=	37.196	/	( ( 0	+	1.017 )	/	2 )
=	37.196	/	0.5085
=	7,314.85 %

where Working Capital is:

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.132)	-	(0	+	0	+	0.115)
=	1.017

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2020 )
	=	84.891	/	293.854
	=	28.89 %

Mertiva AB EBIT Related Terms

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Mertiva AB (LTS:0GSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mertiva AB (LTS:0GSH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

EdsviksvÃ¤gen 89, Danderyd, Stockholm, SWE, 182 35

Website

http://www.mertiva.se

Mertiva AB is a Swedish investment company. The company focuses on investments it estimates that the relationship between expected return and risk is attractive.

Mertiva AB (LTS:0GSH) Headlines

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