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Brisa-Auto Estradas de Portugal (LTS:0K4B) EBIT : €216.3 Mil (TTM As of Dec. 2013)


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What is Brisa-Auto Estradas de Portugal EBIT?

Brisa-Auto Estradas de Portugal's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2013 was €216.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was €216.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brisa-Auto Estradas de Portugal's annualized ROC % for the quarter that ended in Dec. 2013 was 3.60%. Brisa-Auto Estradas de Portugal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was 351.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Brisa-Auto Estradas de Portugal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was 16.24%.

Brisa-Auto Estradas de Portugal EBIT Historical Data

The historical data trend for Brisa-Auto Estradas de Portugal'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.

Brisa-Auto Estradas de Portugal EBIT Chart

Brisa-Auto Estradas de Portugal Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
EBIT
Get a 7-Day Free Trial 330.34 918.75 240.32 202.77 216.26

Brisa-Auto Estradas de Portugal Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
EBIT Get a 7-Day Free Trial 330.34 918.75 240.32 202.77 216.26

Competitive Comparison of Brisa-Auto Estradas de Portugal's EBIT

For the Infrastructure Operations subindustry, Brisa-Auto Estradas de Portugal'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.

Brisa-Auto Estradas de Portugal's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Brisa-Auto Estradas de Portugal's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Brisa-Auto Estradas de Portugal's EV-to-EBIT falls into.


Brisa-Auto Estradas de Portugal 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2013 was €216.3 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.

Brisa-Auto Estradas de Portugal  (LTS:0K4B) EBIT Explanation

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

Brisa-Auto Estradas de Portugal's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

ROC % (Q: Dec. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2012 ) + Invested Capital (Q: Dec. 2013 ))/ count )
=216.256 * ( 1 - 26.02% )/( (4641.057 + 4251.958)/ 2 )
=159.9861888/4446.5075
=3.60 %

where

Invested Capital(Q: Dec. 2012 )
=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))
=4922.452 - 26.625 - ( 878.152 - max(0, 713.888 - 968.658+878.152))
=4641.057

Invested Capital(Q: Dec. 2013 )
=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))
=4154.128 - 29.383 - ( 301.171 - max(0, 502.312 - 375.099+301.171))
=4251.958

Note: The Operating Income data used here is one times the annual (Dec. 2013) data.

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

Brisa-Auto Estradas de Portugal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2013 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2012  Q: Dec. 2013
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=216.256/( ( (66.283 + max(-13.982, 0)) + (56.884 + max(-38.887, 0)) )/ 2 )
=216.256/( ( 66.283 + 56.884 )/ 2 )
=216.256/61.5835
=351.16 %

where Working Capital is:

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 5.4 + 85.106) - (26.625 + 0 + 77.863)
=-13.982

Working Capital(Q: Dec. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 5.028 + 68.9) - (29.383 + 0 + 83.432)
=-38.887

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2013) EBIT data.

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

Brisa-Auto Estradas de Portugal's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2013 )
=216.256/1331.570
=16.24 %

* 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.

Brisa-Auto Estradas de Portugal EBIT Related Terms

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Brisa-Auto Estradas de Portugal (LTS:0K4B) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Brisa-Auto Estradas de Portugal (LTS:0K4B) » Definitions » EBIT
Comparable Companies
HKSE:00737 HKSE:01052 SHSE:601107 SZSE:000008 SHSE:600269 SHSE:600020 TSE:1950 SHSE:600012 IST:TAVHL SHSE:600033 SZSE:000828 ACA TSE:1835 TSE:1883 BSP:ECOR3 XMAD:ENO SZSE:002941 SZSE:000900 SHSE:600035 SZSE:000429
Traded in Other Exchanges
N/A
Address
Website
http://www.brisa.pt
Brisa-Auto Estradas de Portugal is engaged in motorway operators, transport infrastructure in Portugal. Its main business area is the construction and operation of tolled motorways, both through direct investments in Portugal.

Brisa-Auto Estradas de Portugal (LTS:0K4B) Headlines

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