Racing Force SpA (MIL:RFG) EBIT : €6.72 Mil (TTM As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Racing Force SpA EBIT?

Racing Force SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €6.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €6.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Racing Force SpA's annualized ROC % for the quarter that ended in Jun. 2024 was 18.51%. Racing Force SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 32.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Racing Force SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.45%.

Racing Force SpA EBIT Historical Data

The historical data trend for Racing Force 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.

Racing Force SpA EBIT Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

2.75

5.82

9.20

6.17

Racing Force SpA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial				8.69	0.52	6.32	-0.15	6.88

Competitive Comparison of Racing Force SpA's EBIT

For the Leisure subindustry, Racing Force 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.

Racing Force SpA's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Racing Force SpA's EV-to-EBIT distribution charts can be found below:

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

Racing Force 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 €6.72 Mil.

Racing Force SpA (MIL:RFG) EBIT Explanation

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

Racing Force 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 )
=	13.404 * ( 1 - 18.12% )	/	( (57.747	+	60.834)	/ 2 )
=	10.9751952	/	59.2905
=	18.51 %

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	))
=	78.098	-	14.244	-	( 6.107	-	max(0, 18.956	-	47.331	+	6.107	))
=	57.747

	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	))
=	91.178	-	14.729	-	( 15.615	-	max(0, 19.054	-	57.378	+	15.615	))
=	60.834

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:

Racing Force 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 )
=	13.75	/	( ( (14.968 + max(26.664, 0))	+	(17.388 + max(26.465, 0)) )	/	2 )
=	13.75	/	( ( 41.632	+	43.853 )	/	2 )
=	13.75	/	42.7425
=	32.17 %

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)
=	(11.215	+	25.101	+	4.762)	-	(14.244	+	0	+	0.17)
=	26.664

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.847	+	25.245	+	3.462)	-	(14.729	+	0	+	0.36)
=	26.465

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	6.722	/	104.228
	=	6.45 %

Racing Force SpA EBIT Related Terms

Thank you for viewing the detailed overview of Racing Force SpA's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Racing Force SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (MIL:RFG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ALRFG:France

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA operates in the production of safety equipment for the racing and motorsports industry or conducts essentially complementary business activities. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.