GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Flatex AG (LTS:0W89) » Definitions » EBIT

Flatex AG (LTS:0W89) EBIT : €159.7 Mil (TTM As of Jun. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Flatex AG EBIT?

Flatex AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €90.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €159.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flatex AG's annualized ROC % for the quarter that ended in Jun. 2024 was 2.96%. Flatex AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 341.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flatex AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -17.42%.


Flatex AG EBIT Historical Data

The historical data trend for Flatex 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.

Flatex AG EBIT Chart

Flatex AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.13 79.31 82.27 151.49 105.27

Flatex AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.13 72.36 36.50 68.78 90.92

Competitive Comparison of Flatex AG's EBIT

For the Capital Markets subindustry, Flatex 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.


Flatex AG's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Flatex AG's EV-to-EBIT distribution charts can be found below:

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



Flatex 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €159.7 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.


Flatex AG  (LTS:0W89) EBIT Explanation

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

Flatex AG's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=181.842 * ( 1 - 28.4% )/( (4296.533 + 4499.212)/ 2 )
=130.198872/4397.8725
=2.96 %

where

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))
=4540.026 - 25.784 - ( 2971.428 - max(0, 3753.379 - 3971.088+2971.428))
=4296.533

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))
=4677.056 - 43.386 - ( 2774.911 - max(0, 3845.103 - 3979.561+2774.911))
=4499.212

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Flatex AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=181.842/( ( (51.828 + max(-3643.795, 0)) + (54.635 + max(-3668.782, 0)) )/ 2 )
=181.842/( ( 51.828 + 54.635 )/ 2 )
=181.842/53.2315
=341.61 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.661 + 0.392 + 20.274) - (25.784 + 0 + 3660.338)
=-3643.795

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.839 + 0.361 + 11.305) - (43.386 + 0 + 3662.901)
=-3668.782

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=159.698/-916.549
=-17.42 %

* 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.


Flatex AG EBIT Related Terms

Thank you for viewing the detailed overview of Flatex AG's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Flatex AG Business Description

Traded in Other Exchanges
Address
Omniturm, Grosse Gallusstrasse 16-18, Frankfurt, HE, DEU, 60312
Flatex AG is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies.

Flatex AG Headlines

No Headlines