H E S Beheer NV (LTS:0OOB) EBIT : €12.4 Mil (TTM As of Jun. 2014)

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What is H E S Beheer NV EBIT?

H E S Beheer NV's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was €0.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was €12.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. H E S Beheer NV's annualized ROC % for the quarter that ended in Jun. 2014 was 0.19%. H E S Beheer NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 0.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. H E S Beheer NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 3.20%.

H E S Beheer NV EBIT Historical Data

The historical data trend for H E S Beheer 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.

H E S Beheer NV EBIT Chart

H E S Beheer NV Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

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18.66

24.17

26.22

15.55

14.48

H E S Beheer NV Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
EBIT	Get a 7-Day Free Trial					6.40	9.15	2.40	12.08	0.30

Competitive Comparison of H E S Beheer NV's EBIT

For the Integrated Freight & Logistics subindustry, H E S Beheer 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.

H E S Beheer NV's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, H E S Beheer NV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where H E S Beheer NV's EV-to-EBIT falls into.

H E S Beheer 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was €12.4 Mil.

H E S Beheer NV (LTS:0OOB) EBIT Explanation

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

H E S Beheer NV's annualized ROC % for the quarter that ended in Jun. 2014 is calculated as:

	ROC % (Q: Jun. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2013 )	+	Invested Capital (Q: Jun. 2014 ))	/ count )
=	0.6 * ( 1 - 1.06% )	/	( (272.671	+	357.5)	/ 2 )
=	0.59364	/	315.0855
=	0.19 %

where

	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	))
=	270.141	-	12.866	-	( 12.269	-	max(0, 43.897	-	28.501	+	12.269	))
=	272.671

	Invested Capital		(Q: Jun. 2014 )
=	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	))
=	359	-	0	-	( 16.4	-	max(0, 27.7	-	29.2	+	16.4	))
=	357.5

Note: The Operating Income data used here is two times the semi-annual (Jun. 2014) data.

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

H E S Beheer NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2013		Q: Jun. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.6	/	( ( (146.185 + max(-11.687, 0))	+	(125.4 + max(-5.7, 0)) )	/	2 )
=	0.6	/	( ( 146.185	+	125.4 )	/	2 )
=	0.6	/	135.7925
=	0.44 %

where Working Capital is:

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.647	+	0.337	+	4.248)	-	(12.866	+	0	+	15.053)
=	-11.687

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.3	+	12.5)	-	(0	+	0	+	18.5)
=	-5.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

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

H E S Beheer NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2014 )
	=	12.381	/	386.880
	=	3.20 %

H E S Beheer NV EBIT Related Terms

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H E S Beheer NV (LTS:0OOB) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.hesbeheer.nl

H.E.S. Beheer NV was formed in 1908. It is a holding company for independent subsidiaries and associated companies which provide logistic services in ports. The core activity is stevedoring, involving the loading and unloading of dry and liquid bulk products into and from seagoing vessels, coasters, lighters, trains and trucks and large-scale open-air and covered storage. Most of these bulk products are destined for industrial end-users, mainly as raw materials for the energy market, the steel and aluminium industry and the food industry. The Company is also active in the UK. One of the associates has establishments in several countries, including France, Germany, Belgium and Poland. The core activities of this company are stevedoring and inland shipping.

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