Piippo Oyj (OHEL:PIIPPO) EBIT : €0.54 Mil (TTM As of Jun. 2021)

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What is Piippo Oyj EBIT?

Piippo Oyj's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2021 was €0.61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was €0.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Piippo Oyj's annualized ROC % for the quarter that ended in Jun. 2021 was 7.57%. Piippo Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 11.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Piippo Oyj's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 6.37%.

Piippo Oyj EBIT Historical Data

The historical data trend for Piippo Oyj'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.

Piippo Oyj EBIT Chart

Piippo Oyj Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Sep22

EBIT

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0.55

-0.08

0.26

0.34

0.73

Piippo Oyj Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep22
EBIT	Get a 7-Day Free Trial											-0.15	0.41	-0.08	0.61	-

Competitive Comparison of Piippo Oyj's EBIT

For the Auto Parts subindustry, Piippo Oyj'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.

Piippo Oyj's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piippo Oyj's EV-to-EBIT distribution charts can be found below:

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

Piippo Oyj 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.54 Mil.

Piippo Oyj (OHEL:PIIPPO) EBIT Explanation

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

Piippo Oyj's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	1.224 * ( 1 - 20.35% )	/	( (12.136	+	13.616)	/ 2 )
=	0.974916	/	12.876
=	7.57 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	14.297	-	1.593	-	( 0.568	-	max(0, 3.817	-	7.935	+	0.568	))
=	12.136

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	17.644	-	3.724	-	( 0.304	-	max(0, 7.1	-	11.492	+	0.304	))
=	13.616

Note: The Operating Income data used here is two times the semi-annual (Jun. 2021) data.

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

Piippo Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.224	/	( ( (6.003 + max(4.84, 0))	+	(5.812 + max(4.088, 0)) )	/	2 )
=	1.224	/	( ( 10.843	+	9.9 )	/	2 )
=	1.224	/	10.3715
=	11.80 %

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.834	+	5.128	+	0.214)	-	(1.593	+	0	+	0.743)
=	4.84

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.847	+	6.341	+	0)	-	(3.724	+	0	+	3.376)
=	4.088

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

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

Piippo Oyj's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2021 )
	=	0.536	/	8.412
	=	6.37 %

Piippo Oyj EBIT Related Terms

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Piippo Oyj (OHEL:PIIPPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piippo Oyj (OHEL:PIIPPO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sysmajarventie 3, Outokumpu, FIN, 83500

Website

http://www.piippo.fi

Piippo Oyj operates in the agricultural twines, net wraps, synthetic ropes and yarns, cables and wires, among others.

Piippo Oyj (OHEL:PIIPPO) Headlines

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