Magis SpA (MIL:MGS) EBIT : €12.08 Mil (TTM As of Dec. 2022)

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What is Magis SpA EBIT?

Magis SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was €3.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was €12.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Magis SpA's annualized ROC % for the quarter that ended in Dec. 2022 was 14.81%. Magis SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 22.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Magis SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 20.60%.

Magis SpA EBIT Historical Data

The historical data trend for Magis 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.

Magis SpA EBIT Chart

Magis SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

2.81

6.49

12.08

12.27

Magis SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
EBIT	Get a 7-Day Free Trial			3.03	3.46	8.19	3.90	-

Competitive Comparison of Magis SpA's EBIT

For the Specialty Chemicals subindustry, Magis 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.

Magis SpA's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Magis SpA's EV-to-EBIT distribution charts can be found below:

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

Magis 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €12.08 Mil.

Magis SpA (MIL:MGS) EBIT Explanation

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

Magis SpA's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	8.184 * ( 1 - 21.58% )	/	( (47.939	+	38.707)	/ 2 )
=	6.4178928	/	43.323
=	14.81 %

where

	Invested Capital		(Q: Jun. 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	))
=	70.639	-	17.192	-	( 5.508	-	max(0, 33.117	-	44.922	+	5.508	))
=	47.939

	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	))
=	64.791	-	15.172	-	( 10.912	-	max(0, 22.404	-	39.078	+	10.912	))
=	38.707

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

Magis SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	7.794	/	( ( (19.326 + max(19.815, 0))	+	(20.017 + max(9.257, 0)) )	/	2 )
=	7.794	/	( ( 39.141	+	29.274 )	/	2 )
=	7.794	/	34.2075
=	22.78 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(22.243	+	15.691	+	0.73199999999999)	-	(17.192	+	0	+	1.659)
=	19.815

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.817	+	11.693	+	1.953)	-	(15.172	+	0	+	3.034)
=	9.257

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	12.084	/	58.668
	=	20.60 %

Magis SpA EBIT Related Terms

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Magis SpA (MIL:MGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Magis SpA (MIL:MGS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ZF6:Germany

Address

Via Ponte Cerretano, 24, Cerreto Guidi, Florence, ITA, 50050

Website

http://www.magis.it

Magis SpA engages in the production of customized adhesive tapes, packaging products, and closure systems for disposable nappies and adult incontinence products. Its products comprise Bopp tapes, Bopet tapes, Duct tapes, Crepe tapes, and Mopp tapes.

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