Telecom Italia Media SPA (MIL:TME) EBIT : €16.77 Mil (TTM As of Jun. 2015)

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What is Telecom Italia Media SPA EBIT?

Telecom Italia Media SPA's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2015 was €5.64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was €16.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Telecom Italia Media SPA's annualized ROC % for the quarter that ended in Jun. 2015 was 2.67%. Telecom Italia Media SPA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 24.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Telecom Italia Media SPA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 14.34%.

Telecom Italia Media SPA EBIT Historical Data

The historical data trend for Telecom Italia Media 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.

Telecom Italia Media SPA EBIT Chart

Telecom Italia Media SPA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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-53.93

-86.79

-262.75

1.84

5.89

Telecom Italia Media SPA Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
EBIT	Get a 7-Day Free Trial															-1.11	-0.11	8.09	3.16	5.64

Competitive Comparison of Telecom Italia Media SPA's EBIT

For the Broadcasting subindustry, Telecom Italia Media 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.

Telecom Italia Media SPA's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Telecom Italia Media SPA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Telecom Italia Media SPA's EV-to-EBIT falls into.

Telecom Italia Media 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €16.77 Mil.

Telecom Italia Media SPA (MIL:TME) EBIT Explanation

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

Telecom Italia Media SPA's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2015 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	22.54 * ( 1 - 40.8% )	/	( (543.267	+	456.429)	/ 2 )
=	13.34368	/	499.848
=	2.67 %

where

	Invested Capital		(Q: Mar. 2015 )
=	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	))
=	328.854	-	38.268	-	( 6.714	-	max(0, 312.017	-	59.336	+	6.714	))
=	543.267

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	302.335	-	32.026	-	( 0.065	-	max(0, 228.228	-	42.108	+	0.065	))
=	456.429

Note: The Operating Income data used here is four times the quarterly (Jun. 2015) data.

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

Telecom Italia Media SPA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2015		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	22.54	/	( ( (78.921 + max(14.354, 0))	+	(77.089 + max(10.017, 0)) )	/	2 )
=	22.54	/	( ( 93.275	+	87.106 )	/	2 )
=	22.54	/	90.1905
=	24.99 %

where Working Capital is:

	Working Capital		(Q: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.011	+	52.611)	-	(38.268	+	0	+	-5.6843418860808E-14)
=	14.354

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.011	+	42.032)	-	(32.026	+	0	+	0)
=	10.017

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

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

Telecom Italia Media SPA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	16.774	/	117.006
	=	14.34 %

Telecom Italia Media SPA EBIT Related Terms

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Telecom Italia Media SPA (MIL:TME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Telecom Italia Media SPA (MIL:TME) » Definitions » EBIT

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Address

Website

http://www.telecomitaliamedia.it

Telecom Italia Media SPA is incorporated in Italy. The Company is a diversified media company. It operates in newswire output, TV production and content for TV and the web with the brands La7. It also broadcast MTV Italia channel that provides music & entertainment programs. It operates as network operator through Telecom Italia Media Broadcasting (100% owned by TI Media), and in the television industry through MTV Italia (51% owned by TI Media and 49% by Viacom). The Company provides broadcasting capacity and technological solutions for television operators, which are equipped with cutting-edge technology in the field of telecommunications and electronics.