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ELMO Rent AS (OTSE:ELMO) EBIT : €-2.11 Mil (TTM As of Jun. 2024)


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What is ELMO Rent AS EBIT?

ELMO Rent AS's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €-0.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-2.11 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ELMO Rent AS's annualized ROC % for the quarter that ended in Jun. 2024 was -28.53%. ELMO Rent AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -102.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ELMO Rent AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -52.63%.

ELMO Rent AS EBIT Historical Data

The historical data trend for ELMO Rent AS'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.

ELMO Rent AS EBIT Chart

ELMO Rent AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
0.04 0.08 -0.21 -1.44 -1.12

ELMO Rent AS Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only -0.76 -0.67 0.39 -1.51 -0.60

Competitive Comparison of ELMO Rent AS's EBIT

For the Rental & Leasing Services subindustry, ELMO Rent AS'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.

ELMO Rent AS's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ELMO Rent AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ELMO Rent AS's EV-to-EBIT falls into.


ELMO Rent AS 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-2.11 Mil.

* 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.

ELMO Rent AS  (OTSE:ELMO) EBIT Explanation

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

ELMO Rent AS's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-1.208 * ( 1 - 0% )/( (4.415 + 4.052)/ 2 )
=-1.208/4.2335
=-28.53 %

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))
=3.553 - 1.144 - ( 0.028 - max(0, 2.363 - 0.357+0.028))
=4.415

Invested Capital(Q: Jun. 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))
=3.016 - 1.13 - ( 0.006 - max(0, 2.338 - 0.172+0.006))
=4.052

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

ELMO Rent AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.208/( ( (1.349 + max(-0.896, 0)) + (0.997 + max(-0.964, 0)) )/ 2 )
=-1.208/( ( 1.349 + 0.997 )/ 2 )
=-1.208/1.173
=-102.98 %

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)
=(0.158 + 0.018 + 0.105) - (1.144 + 0 + 0.033)
=-0.896

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.142 + 0.001 + 0.023) - (1.13 + 0 + 0)
=-0.964

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

ELMO Rent AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-2.111/4.011
=-52.63 %

* 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.

ELMO Rent AS EBIT Related Terms

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ELMO Rent AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ELMO Rent AS (OTSE:ELMO) » Definitions » EBIT
Comparable Companies
SHSE:600769 SZSE:300536 SHSE:688509 SZSE:300983 SHSE:600939 SZSE:002307 SHSE:603098 SZSE:300989 SZSE:300597 SZSE:300517 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439
Traded in Other Exchanges
N/A
Address
Kivi 12, Laane-Harju Vald, Harju maakond, Paldiski linn, EST, 76805
Website
https://www.elmorent.ee
ELMO Rent AS provides green vehicle-sharing services and develops, launches, and scales related green and innovative technologies, such as a vehicle fleet IT operation system, an automatic controller, and a remotely controlled vehicle.

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