Rai Way SpA (LTS:0R40) EBIT : €130.6 Mil (TTM As of Sep. 2024)

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What is Rai Way SpA EBIT?

Rai Way SpA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €35.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €130.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rai Way SpA's annualized ROC % for the quarter that ended in Sep. 2024 was 25.35%. Rai Way SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 43.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rai Way SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.08%.

Rai Way SpA EBIT Historical Data

The historical data trend for Rai Way 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.

Rai Way SpA EBIT Chart

Rai Way SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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89.82

89.21

90.97

103.43

126.91

Rai Way 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															36.18	26.05	35.16	34.27	35.07

Competitive Comparison of Rai Way SpA's EBIT

For the Engineering & Construction subindustry, Rai Way 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.

Rai Way SpA's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rai Way SpA's EV-to-EBIT distribution charts can be found below:

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

Rai Way 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 €130.6 Mil.

Rai Way SpA (LTS:0R40) EBIT Explanation

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

Rai Way 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 )
=	141.248 * ( 1 - 29.05% )	/	( (390.676	+	399.889)	/ 2 )
=	100.215456	/	395.2825
=	25.35 %

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	))
=	439.984	-	110.057	-	( 9.375	-	max(0, 149.081	-	88.332	+	9.375	))
=	390.676

	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	))
=	454.197	-	90.889	-	( 16.56	-	max(0, 140.176	-	103.595	+	16.56	))
=	399.889

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

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

Rai Way 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 )
=	140.284	/	( ( (324.841 + max(-56.93, 0))	+	(324.56 + max(-41.522, 0)) )	/	2 )
=	140.284	/	( ( 324.841	+	324.56 )	/	2 )
=	140.284	/	324.7005
=	43.20 %

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)
=	(74.437	+	0.756	+	0.061999999999998)	-	(110.057	+	0	+	22.128)
=	-56.93

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(81.925	+	0.756	+	0.061999999999998)	-	(90.889	+	0	+	33.376)
=	-41.522

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	130.55	/	1437.412
	=	9.08 %

Rai Way SpA EBIT Related Terms

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Rai Way SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rai Way SpA (LTS:0R40) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

RWAY:Italy 4RW:Germany

Address

Via Teulada 66, Rome, ITA, 00195

Website

http://www.raiway.it

Rai Way SpA is an Italy-based company which operates activity of signal transmission and a broadcasting network of RAI group. The services provided by the company include broadcasting services, transmission services, tower Rental Services and network Services. The company serves its customer by providing implementation and management of the main broadcasting processes which include analog and digital, terrestrial and satellite, for audio, video and data signals, television signals through connecting network. The company allows its clients to have the availability of tower and civil infrastructures to install radio transmitters, planning, construction, installation, management of electronic and telecommunications networks. It provides services throughout Italy.

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