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ICOP SpA (MIL:ICOP) EBIT : € Mil (TTM As of Dec. 2023)


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What is ICOP SpA EBIT?

ICOP SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €9.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ICOP SpA's annualized ROC % for the quarter that ended in Dec. 2023 was -5.53%. ICOP SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

ICOP SpA EBIT Historical Data

The historical data trend for ICOP 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.

ICOP SpA EBIT Chart

ICOP SpA Annual Data
Trend Dec22 Dec23
EBIT
7.23 9.43

ICOP SpA Semi-Annual Data
Dec22 Dec23
EBIT 7.23 9.43

Competitive Comparison of ICOP SpA's EBIT

For the Engineering & Construction subindustry, ICOP 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.

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

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

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


ICOP 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was € 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.

ICOP SpA  (MIL:ICOP) EBIT Explanation

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

ICOP 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: Dec. 2022 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-6.057 * ( 1 - 6.18% )/( (104.324 + 101.239)/ 2 )
=-5.6826774/102.7815
=-5.53 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=172.501 - 45.523 - ( 22.654 - max(0, 60.772 - 121.435+22.654))
=104.324

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))
=196.401 - 52.289 - ( 42.873 - max(0, 85.166 - 135.869+42.873))
=101.239

Note: The Operating Income data used here is one times the annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

ICOP 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: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9.428/( ( (36.09 + max(25.547, 0)) + (38.033 + max(4.211, 0)) )/ 2 )
=9.428/( ( 61.637 + 42.244 )/ 2 )
=9.428/51.9405
=18.15 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.161 + 25.656 + 9.502) - (45.523 + 0 + 15.249)
=25.547

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.019 + 29.782 + 10.576) - (52.289 + 0 + 32.877)
=4.211

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=/264.390
= %

* 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.

ICOP SpA EBIT Related Terms

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ICOP SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ICOP SpA (MIL:ICOP) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
ZU2:Germany
Address
Via Silvio Pellico, 2, Basiliano (UD), ITA, 33031
Website
https://www.icop.it
ICOP SpA operates domestically and internationally in the construction and engineering works sector. It is engaged in (i) special foundations; (ii) microtunnelling technologies ; (iii) maritime works (specialist works) and carries out, secondarily, (iv) public-private partnership (PPP) works and other infrastructure works.