KME Group SpA (MIL:KME) EBIT : €0 Mil (TTM As of Dec. 2023)

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What is KME Group SpA EBIT?

KME Group SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KME Group SpA's annualized ROC % for the quarter that ended in Dec. 2023 was -4.46%. KME Group SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -20.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KME Group SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.01%.

KME Group SpA EBIT Historical Data

The historical data trend for KME Group 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.

KME Group SpA EBIT Chart

KME Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2.77

5.68

68.20

34.62

0.06

KME Group SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															34.78	13.59	21.03	54.03	-53.98

Competitive Comparison of KME Group SpA's EBIT

For the Copper subindustry, KME Group 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.

KME Group SpA's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KME Group SpA's EV-to-EBIT distribution charts can be found below:

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

KME Group 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 €0 Mil.

KME Group SpA (MIL:KME) EBIT Explanation

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

KME Group 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 )
=	-67.652 * ( 1 - 13% )	/	( (1321.691	+	1320.322)	/ 2 )
=	-58.85724	/	1321.0065
=	-4.46 %

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	))
=	2025.039	-	694.807	-	( 157.605	-	max(0, 807.388	-	815.929	+	157.605	))
=	1321.691

	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	))
=	1845.61	-	646.97	-	( 120.975	-	max(0, 790.377	-	668.695	+	120.975	))
=	1320.322

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:

KME Group 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 )
=	-107.956	/	( ( (532.411 + max(-191.067, 0))	+	(529.206 + max(-232.589, 0)) )	/	2 )
=	-107.956	/	( ( 532.411	+	529.206 )	/	2 )
=	-107.956	/	530.8085
=	-20.34 %

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)
=	(81.164	+	434.038	+	30.969)	-	(694.807	+	0	+	42.431)
=	-191.067

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(46.772	+	374.179	+	25.113)	-	(646.97	+	0	+	31.683)
=	-232.589

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	0.055999999999997	/	625.214
	=	0.01 %

KME Group SpA EBIT Related Terms

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KME Group SpA (MIL:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KME Group SpA (MIL:KME) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IKGR:Italy MTJ3:Germany

Address

Foro Buonaparte 44, Milan, ITA, 20121

Website

https://www.kme.com

KME Group SpA is a diversified investment holding company. It invests in copper sector and financial and real estate assets sector. The copper sector includes the production and marketing of copper and copper-alloy semi-finished products. The financial and real estate assets sector includes the private equity activity, carried out mainly through the closed-ended investment fund, and the management of receivables. The company generates the majority of the revenue from the copper sector.