Ecomembrane SpA (MIL:ECMB) EBIT : €1.66 Mil (TTM As of Dec. 2023)

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What is Ecomembrane SpA EBIT?

Ecomembrane SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €2.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €1.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ecomembrane SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 31.64%. Ecomembrane SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 87.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ecomembrane SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.89%.

Ecomembrane SpA EBIT Historical Data

The historical data trend for Ecomembrane 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.

Ecomembrane SpA EBIT Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

1.89

2.69

1.66

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
EBIT	-	-	-0.85	2.52

Competitive Comparison of Ecomembrane SpA's EBIT

For the Packaging & Containers subindustry, Ecomembrane 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.

Ecomembrane SpA's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ecomembrane SpA's EV-to-EBIT distribution charts can be found below:

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

Ecomembrane 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 €1.66 Mil.

Ecomembrane SpA (MIL:ECMB) EBIT Explanation

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

Ecomembrane 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 )
=	3.95 * ( 1 - 13.61% )	/	( (9.396	+	12.172)	/ 2 )
=	3.412405	/	10.784
=	31.64 %

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	))
=	20.547	-	2.044	-	( 9.107	-	max(0, 2.49	-	15.853	+	9.107	))
=	9.396

	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	))
=	24.437	-	4.789	-	( 7.476	-	max(0, 7.612	-	18.724	+	7.476	))
=	12.172

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:

Ecomembrane 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 )
=	5.034	/	( ( (1.476 + max(4.211, 0))	+	(1.842 + max(3.985, 0)) )	/	2 )
=	5.034	/	( ( 5.687	+	5.827 )	/	2 )
=	5.034	/	5.757
=	87.44 %

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)
=	(3.522	+	3.18	+	-0.00099999999999945)	-	(2.044	+	0	+	0.446)
=	4.211

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.974	+	4.011	+	0.98)	-	(4.789	+	0	+	2.191)
=	3.985

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.663	/	18.701
	=	8.89 %

Ecomembrane SpA EBIT Related Terms

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Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

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