Visibilia Editore SpA (MIL:VE) EBIT : €-0.68 Mil (TTM As of Jun. 2023)

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What is Visibilia Editore SpA EBIT?

Visibilia Editore SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-0.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-0.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Visibilia Editore SpA's annualized ROC % for the quarter that ended in Jun. 2023 was -9.09%. Visibilia Editore SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -31.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Visibilia Editore SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -18.63%.

Visibilia Editore SpA EBIT Historical Data

The historical data trend for Visibilia Editore 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.

Visibilia Editore SpA EBIT Chart

Visibilia Editore SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-0.27

-1.33

-0.31

-3.43

-1.10

Visibilia Editore SpA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-0.49	-2.94	-0.55	-0.55	-0.13

Competitive Comparison of Visibilia Editore SpA's EBIT

For the Specialty Business Services subindustry, Visibilia Editore 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.

Visibilia Editore SpA's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Visibilia Editore SpA's EV-to-EBIT distribution charts can be found below:

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

Visibilia Editore 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.68 Mil.

Visibilia Editore SpA (MIL:VE) EBIT Explanation

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

Visibilia Editore SpA's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.3 * ( 1 - -12.5% )	/	( (3.706	+	3.721)	/ 2 )
=	-0.3375	/	3.7135
=	-9.09 %

where

	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	))
=	6.113	-	2.357	-	( 0.05	-	max(0, 3.065	-	3.467	+	0.05	))
=	3.706

	Invested Capital		(Q: Jun. 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	))
=	6.198	-	2.25	-	( 0.227	-	max(0, 2.793	-	3.472	+	0.227	))
=	3.721

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Visibilia Editore SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.26	/	( ( (0.108 + max(0.72, 0))	+	(0.108 + max(0.698, 0)) )	/	2 )
=	-0.26	/	( ( 0.828	+	0.806 )	/	2 )
=	-0.26	/	0.817
=	-31.82 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.927	+	0	+	0.425)	-	(2.357	+	0	+	0.275)
=	0.72

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.863	+	0	+	0.284)	-	(2.25	+	0	+	0.199)
=	0.698

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.683	/	3.667
	=	-18.63 %

Visibilia Editore SpA EBIT Related Terms

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Visibilia Editore SpA (MIL:VE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Visibilia Editore SpA (MIL:VE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Via del Quirinale, 26, Rome, ITA, 00187

Website

http://www.visibiliaeditore.it

Visibilia Editore SpA provides financial & corporate communication advisory services. Its services include media relations, financial & corporate communications, crisis and in-house communication, individual image, and public affairs.

Visibilia Editore SpA (MIL:VE) Headlines

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