Comet Holding AG (LTS:0ROQ) EBIT : CHF21.2 Mil (TTM As of Dec. 2023)

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What is Comet Holding AG EBIT?

Comet Holding AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was CHF18.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was CHF21.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Comet Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 was 8.89%. Comet Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Comet Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.72%.

Comet Holding AG EBIT Historical Data

The historical data trend for Comet Holding AG'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.

Comet Holding AG EBIT Chart

Comet Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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17.36

35.40

83.75

97.08

21.21

Comet Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															47.87	27.14	69.94	2.30	18.90

Competitive Comparison of Comet Holding AG's EBIT

For the Scientific & Technical Instruments subindustry, Comet Holding AG'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.

Comet Holding AG's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Comet Holding AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Comet Holding AG's EV-to-EBIT falls into.

Comet Holding AG 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF21.2 Mil.

Comet Holding AG (LTS:0ROQ) EBIT Explanation

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

Comet Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	40.534 * ( 1 - 20.71% )	/	( (370.192	+	352.935)	/ 2 )
=	32.1394086	/	361.5635
=	8.89 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	485.857	-	36.879	-	( 78.786	-	max(0, 92.466	-	266.898	+	78.786	))
=	370.192

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	473.578	-	33.936	-	( 86.707	-	max(0, 77.919	-	265.035	+	86.707	))
=	352.935

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Comet Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	37.808	/	( ( (158.304 + max(99.893, 0))	+	(154.797 + max(98.495, 0)) )	/	2 )
=	37.808	/	( ( 258.197	+	253.292 )	/	2 )
=	37.808	/	255.7445
=	14.78 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.57	+	119.026	+	8.516)	-	(36.879	+	0	+	51.34)
=	99.893

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.559	+	103.43	+	15.897)	-	(33.936	+	0	+	40.455)
=	98.495

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Comet Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	21.208	/	2935.705
	=	0.72 %

Comet Holding AG EBIT Related Terms

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Comet Holding AG (LTS:0ROQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comet Holding AG (LTS:0ROQ) » Definitions » EBIT

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COTNz:UK COTN:Switzerland

Address

Herrengasse 10, P.O. Box 141, Flamatt, CHE, 3175

Website

http://www.comet-group.com

Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. Under the ebeam brand, the group develops and markets compact ebeam sets for the treatment of surfaces in the food and printing industries.

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