IRCE SpA (MIL:IRC) EBIT : €19.2 Mil (TTM As of Sep. 2024)

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What is IRCE SpA EBIT?

IRCE SpA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €5.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €19.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IRCE SpA's annualized ROC % for the quarter that ended in Sep. 2024 was 4.70%. IRCE SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 10.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IRCE SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 18.18%.

IRCE SpA EBIT Historical Data

The historical data trend for IRCE 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.

IRCE SpA EBIT Chart

IRCE SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3.49

5.38

16.86

14.33

16.99

IRCE SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															4.19	3.88	4.28	5.76	5.30

Competitive Comparison of IRCE SpA's EBIT

For the Electrical Equipment & Parts subindustry, IRCE 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.

IRCE SpA's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

IRCE 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €19.2 Mil.

IRCE SpA (MIL:IRC) EBIT Explanation

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

IRCE SpA's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	17.616 * ( 1 - 42.69% )	/	( (216.366	+	213.509)	/ 2 )
=	10.0957296	/	214.9375
=	4.70 %

where

	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	))
=	286.59	-	52.325	-	( 17.899	-	max(0, 108.831	-	212.614	+	17.899	))
=	216.366

	Invested Capital		(Q: Sep. 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	))
=	281.652	-	53.231	-	( 14.912	-	max(0, 84.611	-	199.341	+	14.912	))
=	213.509

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

IRCE SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	21.184	/	( ( (70.097 + max(136.81, 0))	+	(78.831 + max(124.669, 0)) )	/	2 )
=	21.184	/	( ( 206.907	+	203.5 )	/	2 )
=	21.184	/	205.2035
=	10.32 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(73.939	+	116.929	+	3.244)	-	(52.325	+	0	+	4.977)
=	136.81

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(71.959	+	107.631	+	4.409)	-	(53.231	+	0	+	6.099)
=	124.669

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	19.225	/	105.763
	=	18.18 %

IRCE SpA EBIT Related Terms

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IRCE SpA Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

IRQ:Germany

Address

Via Lasie 12/A, Imola, ITA, 40026

Website

https://www.irce.it

IRCE SpA is an Italy-based company that operates in the sector of winding conductors and electrical cables. The company products include Enamelled copper and aluminum round wire, Copper and aluminum rectangular wire, Medium Voltage Cables, and others. The company's geographical segments are Italy, the European Union, and Non-European Union. Italy contributes majority of the revenue in terms of geographical segment.