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Comer Industries SpA (MIL:COM) EBIT : €147 Mil (TTM As of Dec. 2023)


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What is Comer Industries SpA EBIT?

Comer Industries SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €147 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Comer Industries SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 10.67%. Comer Industries SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 33.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Comer Industries SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.86%.


Comer Industries SpA EBIT Historical Data

The historical data trend for Comer Industries 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.

Comer Industries SpA EBIT Chart

Comer Industries SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 26.99 30.28 56.31 133.50 147.05

Comer Industries SpA Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 24.75 67.01 66.49 83.69 63.36

Competitive Comparison of Comer Industries SpA's EBIT

For the Farm & Heavy Construction Machinery subindustry, Comer Industries 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.


Comer Industries SpA's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Comer Industries SpA's EV-to-EBIT distribution charts can be found below:

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



Comer Industries 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 €147 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.


Comer Industries SpA  (MIL:COM) EBIT Explanation

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

Comer Industries 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 )
=129.204 * ( 1 - 26.78% )/( (907.329 + 865.701)/ 2 )
=94.6031688/886.515
=10.67 %

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))
=1257.706 - 253.565 - ( 96.812 - max(0, 378.308 - 620.199+96.812))
=907.329

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))
=1195.01 - 260.976 - ( 68.333 - max(0, 354.547 - 529.606+68.333))
=865.701

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:

Comer Industries 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 )
=126.716/( ( (204.535 + max(191.276, 0)) + (234.275 + max(131.801, 0)) )/ 2 )
=126.716/( ( 395.811 + 366.076 )/ 2 )
=126.716/380.9435
=33.26 %

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)
=(238.088 + 254.336 + 22.294) - (253.565 + 0 + 69.877)
=191.276

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(205.797 + 226.596 + 19.927) - (260.976 + 0 + 59.543)
=131.801

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=147.051/927.182
=15.86 %

* 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.


Comer Industries SpA EBIT Related Terms

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Comer Industries SpA (MIL:COM) Business Description

Traded in Other Exchanges
Address
Via Magellano, 27, Reggiolo, ITA, 42046
Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (MIL:COM) Headlines

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