RedFish LongTerm Capital SpA (MIL:RFLTC) EBIT : €-0.34 Mil (TTM As of Jun. 2024)

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What is RedFish LongTerm Capital SpA EBIT?

RedFish LongTerm Capital SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €-0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-0.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RedFish LongTerm Capital SpA's annualized ROC % for the quarter that ended in Jun. 2024 was -2.78%. RedFish LongTerm Capital SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RedFish LongTerm Capital SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.46%.

RedFish LongTerm Capital SpA EBIT Historical Data

The historical data trend for RedFish LongTerm Capital 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.

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RedFish LongTerm Capital SpA EBIT Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

0.32

7.36

0.43

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			7.37	-0.01	0.72	-0.29	-0.05

Competitive Comparison of RedFish LongTerm Capital SpA's EBIT

For the Asset Management subindustry, RedFish LongTerm Capital 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.

RedFish LongTerm Capital SpA's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RedFish LongTerm Capital SpA's EV-to-EBIT distribution charts can be found below:

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

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RedFish LongTerm Capital 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 €-0.34 Mil.

RedFish LongTerm Capital SpA (MIL:RFLTC) EBIT Explanation

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

RedFish LongTerm Capital 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 )
=	-1.824 * ( 1 - -0.25% )	/	( (39.774	+	91.849)	/ 2 )
=	-1.82856	/	65.8115
=	-2.78 %

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	))
=	61.021	-	12.257	-	( 10.973	-	max(0, 14.824	-	23.814	+	10.973	))
=	39.774

	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	))
=	124.076	-	19.956	-	( 12.271	-	max(0, 32.205	-	45.577	+	12.271	))
=	91.849

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:

RedFish LongTerm Capital 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 )
=	-0.09	/	( ( (4.936 + max(-0.359, 0))	+	(7.469 + max(8.065, 0)) )	/	2 )
=	-0.09	/	( ( 4.936	+	15.534 )	/	2 )
=	-0.09	/	10.235
=	-0.88 %

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)
=	(2.657	+	8.398	+	1.637)	-	(12.257	+	0	+	0.794)
=	-0.359

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.824	+	18.435	+	1.634)	-	(19.956	+	0	+	3.872)
=	8.065

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.338	/	74.238
	=	-0.46 %

RedFish LongTerm Capital SpA EBIT Related Terms

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RedFish LongTerm Capital SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (MIL:RFLTC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HN5:Germany

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

RedFish LongTerm Capital SpA Headlines

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