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High Quality Food SpA (MIL:HQF) EBIT : €1.56 Mil (TTM As of Jun. 2024)


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What is High Quality Food SpA EBIT?

High Quality Food SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €0.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €1.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. High Quality Food SpA's annualized ROC % for the quarter that ended in Jun. 2024 was 7.67%. High Quality Food SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. High Quality Food SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.80%.

High Quality Food SpA EBIT Historical Data

The historical data trend for High Quality Food 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.

High Quality Food SpA EBIT Chart

High Quality Food SpA Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-0.70 0.75 1.35

High Quality Food SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 0.42 0.33 0.67 0.68 0.88

Competitive Comparison of High Quality Food SpA's EBIT

For the Food Distribution subindustry, High Quality Food 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.

High Quality Food SpA's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, High Quality Food SpA's EV-to-EBIT distribution charts can be found below:

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


High Quality Food 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1.56 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.

High Quality Food SpA  (MIL:HQF) EBIT Explanation

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

High Quality Food SpA'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 )
=1.818 * ( 1 - 32.43% )/( (15.134 + 16.884)/ 2 )
=1.2284226/16.009
=7.67 %

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))
=21.307 - 4.924 - ( 1.249 - max(0, 8.324 - 16.962+1.249))
=15.134

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))
=22.935 - 5.263 - ( 0.788 - max(0, 9.666 - 18.865+0.788))
=16.884

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:

High Quality Food SpA'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 )
=1.762/( ( (1.434 + max(10.181, 0)) + (1.419 + max(12.241, 0)) )/ 2 )
=1.762/( ( 11.615 + 13.66 )/ 2 )
=1.762/12.6375
=13.94 %

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)
=(6.746 + 7.655 + 0.772) - (4.924 + 0 + 0.068)
=10.181

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.43 + 8.484 + 0.661) - (5.263 + 0 + 0.071000000000002)
=12.241

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1.561/14.457
=10.80 %

* 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.

High Quality Food SpA EBIT Related Terms

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High Quality Food SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » High Quality Food SpA (MIL:HQF) » Definitions » EBIT
Comparable Companies
MIL:LON SYY USFD LSE:BNZL XLIS:JMT PFGC BKK:CPAXT JSE:BID SGX:VC2 CHEF ASX:MTS XTER:B4B UNFI WAR:KER XKRX:026960 ANDE SAU:4162 ADX:GHITHA JSE:SPP SZSE:000061
Traded in Other Exchanges
N/A
Address
Via di Pietralata, 179, Rome, ITA, 00158
Website
https://www.hqf.it
High Quality Food SpA specializes in producing and marketing food products mainly for the hotel and restaurant sectors. It offers meats, charcuterie products, cheese products, fish and seafood products, fresh fruits and vegetables, bakery products, pasta, rice and cereals, oil, sauces and condiments, canned and tinned products, etc. The company also sells accessories for the catering industry such as vacuum packing, bamboo skewers, packaging, etc. Geographically, the company derives a majority of its revenue from Italy and the rest from other parts of Europe, and other countries.

High Quality Food SpA Headlines

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