Zest SpA (MIL:ZEST) EBIT : €6.87 Mil (TTM As of Dec. 2023)

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What is Zest SpA EBIT?

Zest SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-1.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €6.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zest SpA's annualized ROC % for the quarter that ended in Dec. 2023 was -5.78%. Zest SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -396.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zest SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.14%.

Zest SpA EBIT Historical Data

The historical data trend for Zest 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.

Zest SpA EBIT Chart

Zest SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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0.72

-0.64

1.88

-2.50

-3.01

Zest SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-0.50	-2.00	-1.86	-1.15	8.01

Competitive Comparison of Zest SpA's EBIT

For the Asset Management subindustry, Zest 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.

Zest SpA's EV-to-EBIT Distribution in the Asset Management Industry

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

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

Zest 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €6.87 Mil.

Zest SpA (MIL:ZEST) EBIT Explanation

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

Zest SpA's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-2.06 * ( 1 - 7.31% )	/	( (32.384	+	33.662)	/ 2 )
=	-1.909414	/	33.023
=	-5.78 %

where

	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	))
=	32.761	-	2.169	-	( 0.229	-	max(0, 4.593	-	2.801	+	0.229	))
=	32.384

	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	))
=	35.332	-	4.779	-	( 1.634	-	max(0, 8.546	-	5.437	+	1.634	))
=	33.662

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

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

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

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.292	/	( ( (0.624 + max(-1.784, 0))	+	(0.531 + max(-4.816, 0)) )	/	2 )
=	-2.292	/	( ( 0.624	+	0.531 )	/	2 )
=	-2.292	/	0.5775
=	-396.88 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.339	+	0	+	0.334)	-	(2.169	+	0	+	1.288)
=	-1.784

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.324	+	0	+	0.801)	-	(4.779	+	0	+	2.162)
=	-4.816

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	6.868	/	28.448
	=	24.14 %

Zest SpA EBIT Related Terms

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Zest SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Zest SpA (MIL:ZEST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Marsala 29h, Rome, ITA, 00185

Website

https://www.zestgroup.vc

Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.

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