PSB Industries (LTS:0IIA) EBIT : €-20.6 Mil (TTM As of Dec. 2020)

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What is PSB Industries EBIT?

PSB Industries's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2020 was €4.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was €-20.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PSB Industries's annualized ROC % for the quarter that ended in Dec. 2020 was 0.00%. PSB Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 10.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PSB Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -18.07%.

PSB Industries EBIT Historical Data

The historical data trend for PSB Industries'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.

PSB Industries EBIT Chart

PSB Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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23.56

18.39

10.22

9.27

-20.57

PSB Industries Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
EBIT	Get a 7-Day Free Trial															4.48	6.77	2.50	-25.15	4.58

Competitive Comparison of PSB Industries's EBIT

For the Packaging & Containers subindustry, PSB Industries'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.

PSB Industries's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PSB Industries's EV-to-EBIT distribution charts can be found below:

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

PSB Industries 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 Dec. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-20.6 Mil.

PSB Industries (LTS:0IIA) EBIT Explanation

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

PSB Industries's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

	ROC % (Q: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Dec. 2020 ))	/ count )
=	0.074 * ( 1 - 87.35% )	/	( (200.597	+	211.034)	/ 2 )
=	0.009361	/	205.8155
=	0.00 %

where

	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	))
=	279.428	-	22.323	-	( 80.068	-	max(0, 116.565	-	173.073	+	80.068	))
=	200.597

	Invested Capital		(Q: Dec. 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	))
=	273.405	-	18.529	-	( 88.652	-	max(0, 110.34	-	154.182	+	88.652	))
=	211.034

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

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

PSB Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Dec. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.152	/	( ( (74.322 + max(25.108, 0))	+	(53.056 + max(21.837, 0)) )	/	2 )
=	9.152	/	( ( 99.43	+	74.893 )	/	2 )
=	9.152	/	87.1615
=	10.50 %

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(33.433	+	49.161	+	1.546)	-	(22.323	+	0	+	36.709)
=	25.108

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(28.214	+	29.657	+	4.963)	-	(18.529	+	0	+	22.468)
=	21.837

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2020 )
	=	-20.573	/	113.878
	=	-18.07 %

PSB Industries EBIT Related Terms

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PSB Industries (LTS:0IIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PSB Industries SA (LTS:0IIA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Park Nord Immeuble Les Pleiades n 21, Route de la bouvarde, Metz-Tessy, FRA, 74370

Website

http://www.psbindus.com

PSB Industries SA is a holding company, which engages in the packaging of specialty chemicals and cosmetics. It operates its business through the following segments: Luxury and Beauty, Food and Distribution, Specialty Chemicals and Healthcare and Industry. The Luxury and Beauty segment specializes in plastic injection and finishing for the cosmetics and perfume industry. The Food and Distribution segment specializes in the design and manufacture food tray, blister pack, thermoformed packaging. The Specialty Chemicals segment specializes in the production of powders and liquids based on ultra-pure alumina. Healthcare and Industry segment focuses on a primary and secondary market. Most of its revenue is generated in France.

PSB Industries (LTS:0IIA) Headlines

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