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Advance Equity Holding AD Sofia (XBUL:ADVE) EBIT : лв-13.10 Mil (TTM As of Sep. 2019)


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What is Advance Equity Holding AD Sofia EBIT?

Advance Equity Holding AD Sofia's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2019 was лв0.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2019 was лв-13.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advance Equity Holding AD Sofia's annualized ROC % for the quarter that ended in Sep. 2019 was 7.70%. Advance Equity Holding AD Sofia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was 6.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advance Equity Holding AD Sofia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was -96.40%.


Advance Equity Holding AD Sofia EBIT Historical Data

The historical data trend for Advance Equity Holding AD Sofia'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.

Advance Equity Holding AD Sofia EBIT Chart

Advance Equity Holding AD Sofia Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial -1.91 -1.06 -0.89 0.29 -11.39

Advance Equity Holding AD Sofia Quarterly Data
Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Jun19 Sep19
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 -0.67 -13.26 - 0.16

Competitive Comparison of Advance Equity Holding AD Sofia's EBIT

For the Asset Management subindustry, Advance Equity Holding AD Sofia'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.


Advance Equity Holding AD Sofia's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advance Equity Holding AD Sofia's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Advance Equity Holding AD Sofia's EV-to-EBIT falls into.



Advance Equity Holding AD Sofia 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was лв-13.10 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.


Advance Equity Holding AD Sofia  (XBUL:ADVE) EBIT Explanation

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

Advance Equity Holding AD Sofia's annualized ROC % for the quarter that ended in Sep. 2019 is calculated as:

ROC % (Q: Sep. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2019 ) + Invested Capital (Q: Sep. 2019 ))/ count )
=1.372 * ( 1 - 0% )/( (20.601 + 15.017)/ 2 )
=1.372/17.809
=7.70 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2019) data.

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

Advance Equity Holding AD Sofia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2019  Q: Sep. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.636/( ( (10.25 + max(-7.812, 0)) + (10.116 + max(-7.629, 0)) )/ 2 )
=0.636/( ( 10.25 + 10.116 )/ 2 )
=0.636/10.183
=6.25 %

where Working Capital is:

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.554 + 6.178 + 0.0099999999999998) - (9.038 + 0 + 5.516)
=-7.812

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.881 + 4.942 + 0.226) - (13.448 + 0 + 0.23)
=-7.629

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

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

Advance Equity Holding AD Sofia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2019 )
=-13.098/13.587
=-96.40 %

* 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.


Advance Equity Holding AD Sofia EBIT Related Terms

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Advance Equity Holding AD Sofia (XBUL:ADVE) Business Description

Traded in Other Exchanges
N/A
Address
Bul. Hristo Botev 57, Sofia, BGR, 1303
Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.

Advance Equity Holding AD Sofia (XBUL:ADVE) Headlines

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