Tamburi Investment Partners SpA (MIL:TIP) EBIT : €100.20 Mil (TTM As of Mar. 2024)

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What is Tamburi Investment Partners SpA EBIT?

Tamburi Investment Partners SpA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €9.85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €100.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tamburi Investment Partners SpA's annualized ROC % for the quarter that ended in Mar. 2024 was -1.19%. Tamburi Investment Partners SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2,118.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tamburi Investment Partners SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.01%.

Tamburi Investment Partners SpA EBIT Historical Data

The historical data trend for Tamburi Investment Partners 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.

Tamburi Investment Partners SpA EBIT Chart

Tamburi Investment Partners SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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36.47

10.23

23.58

144.54

102.47

Tamburi Investment Partners SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															12.12	12.84	13.87	63.63	9.85

Competitive Comparison of Tamburi Investment Partners SpA's EBIT

For the Asset Management subindustry, Tamburi Investment Partners 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.

Tamburi Investment Partners SpA's EV-to-EBIT Distribution in the Asset Management Industry

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

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

Tamburi Investment Partners 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €100.20 Mil.

Tamburi Investment Partners SpA (MIL:TIP) EBIT Explanation

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

Tamburi Investment Partners SpA's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-23.932 * ( 1 - -11.33% )	/	( (2232.817	+	2239.42)	/ 2 )
=	-26.6434956	/	2236.1185
=	-1.19 %

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	))
=	1918.257	-	25.343	-	( 30.426	-	max(0, 379.639	-	39.736	+	30.426	))
=	2232.817

	Invested Capital		(Q: Mar. 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	))
=	1932.784	-	8.438	-	( 38.156	-	max(0, 354.936	-	39.862	+	38.156	))
=	2239.42

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

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

Tamburi Investment Partners SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	39.412	/	( ( (1.905 + max(-24.362, 0))	+	(1.815 + max(-30.357, 0)) )	/	2 )
=	39.412	/	( ( 1.905	+	1.815 )	/	2 )
=	39.412	/	1.86
=	2,118.92 %

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)
=	(0.442	+	0	+	1.472)	-	(25.343	+	0	+	0.93299999999999)
=	-24.362

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.324	+	0	+	1.382)	-	(8.438	+	0	+	23.625)
=	-30.357

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	100.195	/	2001.159
	=	5.01 %

Tamburi Investment Partners SpA EBIT Related Terms

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Tamburi Investment Partners SpA (MIL:TIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tamburi Investment Partners SpA (MIL:TIP) » Definitions » EBIT

Comparable Companies

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0G9J:UK T1I:Germany

Address

Via Pontaccio 10, Milan, ITA, 20121

Website

https://www.tipspa.it

Tamburi Investment Partners SpA is an independent investment merchant bank. It is engaged in minority investments and advisory in corporate finance transactions. The company involves in listed and unlisted companies as a shareholder for the transactions below certain benchmarks and also in corporate finance operations in particular acquisitions and sales through the division.