Franchetti SpA (MIL:FCH) EBIT : €2.03 Mil (TTM As of Dec. 2023)

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What is Franchetti SpA EBIT?

Franchetti SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €1.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €2.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Franchetti SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 32.48%. Franchetti SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 82.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Franchetti SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.05%.

Franchetti SpA EBIT Historical Data

The historical data trend for Franchetti 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.

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Franchetti SpA EBIT Chart

Franchetti SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

0.28

1.00

1.64

2.03

Franchetti SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-	0.17	1.48	0.23	1.80

Competitive Comparison of Franchetti SpA's EBIT

For the Engineering & Construction subindustry, Franchetti 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.

Franchetti SpA's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Franchetti SpA's EV-to-EBIT distribution charts can be found below:

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

Franchetti 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 €2.03 Mil.

Franchetti SpA (MIL:FCH) EBIT Explanation

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

Franchetti 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 )
=	3.566 * ( 1 - 34.89% )	/	( (6.34	+	7.959)	/ 2 )
=	2.3218226	/	7.1495
=	32.48 %

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	))
=	9.887	-	1.179	-	( 2.368	-	max(0, 4.182	-	8.057	+	2.368	))
=	6.34

	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	))
=	12.852	-	2.291	-	( 2.602	-	max(0, 5.612	-	10.487	+	2.602	))
=	7.959

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:

Franchetti 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 )
=	3.598	/	( ( (0.081 + max(3.923, 0))	+	(0.07 + max(4.688, 0)) )	/	2 )
=	3.598	/	( ( 4.004	+	4.758 )	/	2 )
=	3.598	/	4.381
=	82.13 %

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)
=	(3.886	+	0.7	+	1.016)	-	(1.179	+	0	+	0.5)
=	3.923

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.769	+	0.924	+	0.81)	-	(2.291	+	0	+	0.524)
=	4.688

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2.025	/	50.050
	=	4.05 %

Franchetti SpA EBIT Related Terms

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Franchetti SpA (MIL:FCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Franchetti SpA (MIL:FCH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

D0E:Germany

Address

Vi Piazzale della Vittoria 7, Arzignano, ITA, I-36071

Website

https://www.franchetti.tech

Franchetti SpA is a civil and environmental engineering company specializes in the inspection, analysis and maintenance of high-value elements, such as bridges and complex transport networks.