Aedes SpA (MIL:AEDES) EBIT : €-1.58 Mil (TTM As of Dec. 2023)

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What is Aedes SpA EBIT?

Aedes SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-0.79 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aedes SpA's annualized ROC % for the quarter that ended in Dec. 2023 was -44.50%. Aedes SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -56.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aedes SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -47.87%.

Aedes SpA EBIT Historical Data

The historical data trend for Aedes 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.

Aedes SpA EBIT Chart

Aedes SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.25

-1.74

-2.55

-1.16

-1.58

Aedes SpA 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															-1.47	-0.08	-1.08	-0.79	-0.79

Competitive Comparison of Aedes SpA's EBIT

For the REIT - Retail subindustry, Aedes 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.

Aedes SpA's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Aedes SpA's EV-to-EBIT distribution charts can be found below:

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

Aedes 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.58 Mil.

Aedes SpA (MIL:AEDES) EBIT Explanation

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

Aedes SpA'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 )
=	-1.548 * ( 1 - 0% )	/	( (3.42	+	3.538)	/ 2 )
=	-1.548	/	3.479
=	-44.50 %

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	))
=	9.464	-	0.693	-	( 5.351	-	max(0, 0.794	-	8.658	+	5.351	))
=	3.42

	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	))
=	8.589	-	0.533	-	( 4.518	-	max(0, 0.641	-	7.818	+	4.518	))
=	3.538

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:

Aedes SpA'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 )
=	-1.578	/	( ( (0.191 + max(2.515, 0))	+	(0.159 + max(2.741, 0)) )	/	2 )
=	-1.578	/	( ( 2.706	+	2.9 )	/	2 )
=	-1.578	/	2.803
=	-56.30 %

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)
=	(0.001	+	1.885	+	1.322)	-	(0.693	+	0	+	1.1102230246252E-16)
=	2.515

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.001	+	1.86	+	1.413)	-	(0.533	+	0	+	0)
=	2.741

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.575	/	3.290
	=	-47.87 %

Aedes SpA EBIT Related Terms

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Aedes SpA (MIL:AEDES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Aedes SpA (MIL:AEDES) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Tortona, 37, Milan, ITA, 20144

Website

https://www.restart-group.com

Restart SIIQ, formerly Aedes SIIQ SpA together with its subsidiaries, operates in the real estate sector in Italy and internationally. The company focuses on real estate services and co-investments. It offers property services, including the management of property funds.

Aedes SpA (MIL:AEDES) Headlines

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