GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Innovative-RFK SpA (XPAR:MLIRF) » Definitions » EBIT

Innovative-RFK SpA (XPAR:MLIRF) EBIT : €2.03 Mil (TTM As of Dec. 2022)


View and export this data going back to 2019. Start your Free Trial

What is Innovative-RFK SpA EBIT?

Innovative-RFK SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was €-0.99 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was €2.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Innovative-RFK SpA's annualized ROC % for the quarter that ended in Dec. 2022 was -113.52%. Innovative-RFK SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -433.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Innovative-RFK SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 13.05%.

Innovative-RFK SpA EBIT Historical Data

The historical data trend for Innovative-RFK SpA'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.

Innovative-RFK SpA EBIT Chart

Innovative-RFK SpA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 0.03 -0.25 -0.26 2.03 -0.74

Innovative-RFK SpA Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only -0.17 -0.09 3.02 -0.99 -

Competitive Comparison of Innovative-RFK SpA's EBIT

For the Asset Management subindustry, Innovative-RFK SpA'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.

Innovative-RFK SpA's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Innovative-RFK SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Innovative-RFK SpA's EV-to-EBIT falls into.


;
;

Innovative-RFK SpA 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €2.03 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.

Innovative-RFK SpA  (XPAR:MLIRF) EBIT Explanation

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

Innovative-RFK SpA's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

ROC % (Q: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=-10.026 * ( 1 - 0% )/( (7.808 + 9.856)/ 2 )
=-10.026/8.832
=-113.52 %

where

Invested Capital(Q: Jun. 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))
=16.52 - 0.119 - ( 8.593 - max(0, 0.119 - 9.362+8.593))
=7.808

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))
=17.55 - 0.089 - ( 7.605 - max(0, 0.089 - 8.208+7.605))
=9.856

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

Innovative-RFK SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.98/( ( (0 + max(0.4, 0)) + (0 + max(0.514, 0)) )/ 2 )
=-1.98/( ( 0.4 + 0.514 )/ 2 )
=-1.98/0.457
=-433.26 %

where Working Capital is:

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.055 + 0 + 0.464) - (0.119 + 0 + 0)
=0.4

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.021 + 0 + 0.582) - (0.089 + 0 + 0)
=0.514

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

Innovative-RFK SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2022 )
=2.034/15.586
=13.05 %

* 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.

Innovative-RFK SpA EBIT Related Terms

Thank you for viewing the detailed overview of Innovative-RFK SpA's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovative-RFK SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Innovative-RFK SpA (XPAR:MLIRF) » Definitions » EBIT
Comparable Companies
XPAR:ALAUD XPAR:MLEFA XPAR:EEM XPAR:MLGEQ XPAR:ALHGO XPAR:EGR XPAR:ALMEX XPAR:ALCBI BLK KKR BX APO TSX:BN OSTO:INVE A AMP LSE:III XSWX:PGHN ARES OSTO:EQT RJF
Traded in Other Exchanges
N/A
Address
Via Francesco Sforza 14, Milano, ITA, 20122
Website
https://www.innovative-rfk.it
Innovative-RFK SpA is an investment fund investing in inventive Italian Small and medium-sized enterprises. The company's services include business consultancy services and corporate planning, management and operations consultancy on company policy, planning, organization, efficiency and control, company development and restructuring; consultancy services on marketing management to inventive start-ups and Small and medium-sized enterprises.

Innovative-RFK SpA Headlines

No Headlines