Terna SpA (LTS:0LBM) EBIT : €1,772 Mil (TTM As of Sep. 2024)

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What is Terna SpA EBIT?

Terna SpA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €421 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €1,772 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Terna SpA's annualized ROC % for the quarter that ended in Sep. 2024 was 5.67%. Terna SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Terna SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.89%.

Terna SpA EBIT Historical Data

The historical data trend for Terna SpA'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.

Terna SpA EBIT Chart

Terna SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,161.90

1,169.60

1,213.60

1,347.30

1,431.80

Terna SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															340.70	452.10	418.70	480.90	420.70

Competitive Comparison of Terna SpA's EBIT

For the Utilities - Regulated Electric subindustry, Terna SpA'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.

Terna SpA's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terna SpA's EV-to-EBIT distribution charts can be found below:

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

Terna SpA 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,772 Mil.

Terna SpA (LTS:0LBM) EBIT Explanation

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

Terna SpA's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	1682.8 * ( 1 - 29.4% )	/	( (21967.4	+	19936)	/ 2 )
=	1188.0568	/	20951.7
=	5.67 %

where

	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	))
=	24850.4	-	3197.6	-	( 2532.1	-	max(0, 5518.9	-	5204.3	+	2532.1	))
=	21967.4

	Invested Capital		(Q: Sep. 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	))
=	21221.5	-	2346.9	-	( 0	-	max(0, 2346.9	-	1285.5	+	0	))
=	19936

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Terna SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1682.8	/	( ( (18160.6 + max(-972.4, 0))	+	(18566.2 + max(-1061.4, 0)) )	/	2 )
=	1682.8	/	( ( 18160.6	+	18566.2 )	/	2 )
=	1682.8	/	18363.4
=	9.16 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2276.8	+	155.1	+	132.6)	-	(3197.6	+	0	+	339.3)
=	-972.4

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1213.2	+	0	+	72.3)	-	(2346.9	+	0	+	0)
=	-1061.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Terna SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	1772.4	/	25731.063
	=	6.89 %

Terna SpA EBIT Related Terms

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Terna SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Terna SpA (LTS:0LBM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TEZNY:USA TERRF:USA TRN:Italy TRNm:UK UEI:Germany TRN:Austria

Address

Viale Egidio Galbani, 70, Rome, ITA, 00156

Website

https://www.terna.it

Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.

Terna SpA Headlines

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