AMAG Austria Metall AG (WBO:AMAG) EBIT : €112 Mil (TTM As of Dec. 2023)

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What is AMAG Austria Metall AG EBIT?

AMAG Austria Metall AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €112 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AMAG Austria Metall AG's annualized ROC % for the quarter that ended in Dec. 2023 was 3.47%. AMAG Austria Metall AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AMAG Austria Metall AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.17%.

AMAG Austria Metall AG EBIT Historical Data

The historical data trend for AMAG Austria Metall AG'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.

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AMAG Austria Metall AG EBIT Chart

AMAG Austria Metall AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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61.01

26.35

103.65

162.28

111.67

AMAG Austria Metall AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															50.57	113.09	49.19	75.25	36.42

Competitive Comparison of AMAG Austria Metall AG's EBIT

For the Aluminum subindustry, AMAG Austria Metall AG'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.

AMAG Austria Metall AG's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, AMAG Austria Metall AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where AMAG Austria Metall AG's EV-to-EBIT falls into.

AMAG Austria Metall AG 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 €112 Mil.

AMAG Austria Metall AG (WBO:AMAG) EBIT Explanation

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

AMAG Austria Metall AG'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 )
=	67.162 * ( 1 - 27.43% )	/	( (1459.816	+	1345.945)	/ 2 )
=	48.7394634	/	1402.8805
=	3.47 %

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	))
=	1779.194	-	105.502	-	( 213.876	-	max(0, 414.47	-	1005.762	+	213.876	))
=	1459.816

	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	))
=	1620.188	-	105.306	-	( 168.937	-	max(0, 285.562	-	846.007	+	168.937	))
=	1345.945

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:

AMAG Austria Metall AG'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 )
=	72.842	/	( ( (721.447 + max(530.369, 0))	+	(723.286 + max(342.615, 0)) )	/	2 )
=	72.842	/	( ( 1251.816	+	1065.901 )	/	2 )
=	72.842	/	1158.8585
=	6.29 %

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)
=	(196.206	+	452.016	+	141.025)	-	(105.502	+	0	+	153.376)
=	530.369

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(153.839	+	433.103	+	41.235)	-	(105.306	+	0	+	180.256)
=	342.615

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:

AMAG Austria Metall AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	111.67	/	1367.277
	=	8.17 %

AMAG Austria Metall AG EBIT Related Terms

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AMAG Austria Metall AG (WBO:AMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AMAG Austria Metall AG (WBO:AMAG) » Definitions » EBIT

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AM8:Germany

Address

Lamprechtshausener Strasse 61, P.O. Box 3, Braunau-Ranshofen, Ranshofen, AUT, A-5282

Website

https://www.amag-al4u.com

AMAG Austria Metall AG produces and sells high-quality cast and rolled aluminum products. The firm organizes its segments based on function. The metal segment purchases aluminum scrap and produces aluminum. The casting segment produces high-quality cast aluminum alloys for use by the automotive and electrical engineering industries. The rolling segment, which generates the majority of revenue, manufactures high-quality rolled aluminum products such as sheets, strips, and plates for use in the automotive, sports, engineering, and transportation markets. The segment also produces foil for packaging industries. The majority of revenue is generated in Western Europe and Austria.