La Forestiere Equatoriale (XPAR:FORE) EBIT : €0.25 Mil (TTM As of Jun. 2023)

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What is La Forestiere Equatoriale EBIT?

La Forestiere Equatoriale's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. La Forestiere Equatoriale's annualized ROC % for the quarter that ended in Jun. 2023 was -0.69%. La Forestiere Equatoriale's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. La Forestiere Equatoriale's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 0.27%.

La Forestiere Equatoriale EBIT Historical Data

The historical data trend for La Forestiere Equatoriale'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.

La Forestiere Equatoriale EBIT Chart

La Forestiere Equatoriale Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-1.02

0.20

-0.13

17.16

0.25

La Forestiere Equatoriale Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-0.09	17.25	-0.07	0.32	-0.08

Competitive Comparison of La Forestiere Equatoriale's EBIT

For the Railroads subindustry, La Forestiere Equatoriale'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.

La Forestiere Equatoriale's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, La Forestiere Equatoriale's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where La Forestiere Equatoriale's EV-to-EBIT falls into.

La Forestiere Equatoriale 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.25 Mil.

La Forestiere Equatoriale (XPAR:FORE) EBIT Explanation

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

La Forestiere Equatoriale's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.154 * ( 1 - 1.04% )	/	( (22.078	+	21.842)	/ 2 )
=	-0.1523984	/	21.96
=	-0.69 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	22.169	-	0.084	-	( 0.007	-	max(0, 0.09	-	22.126	+	0.007	))
=	22.078

	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	))
=	22.088	-	0.24	-	( 0.006	-	max(0, 0.255	-	22.045	+	0.006	))
=	21.842

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

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

La Forestiere Equatoriale's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.154	/	( ( (0 + max(-0.084, 0))	+	(0 + max(-0.193, 0)) )	/	2 )
=	-0.154	/	( ( 0	+	0 )	/	2 )
=	-0.154	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.084	+	0	+	-1.3877787807814E-17)
=	-0.084

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.062000000000001)	-	(0.24	+	0	+	0.015)
=	-0.193

When net working capital is negative, 0 is used.

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

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

La Forestiere Equatoriale's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	0.246	/	91.154
	=	0.27 %

La Forestiere Equatoriale EBIT Related Terms

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La Forestiere Equatoriale (XPAR:FORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » La Forestiere Equatoriale (XPAR:FORE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Avenue Raymond Poincare, Paris, FRA, 75116

Website

http://www.forestiere-equatoriale.com

La Forestiere Equatoriale is a holding company and is part of the Bollore group. The Company has stakes through Sofib in Sitarail, a company that manages the passenger and freight railway link between the Ivory Coast and Burkina-Faso.