BAVARIA Industries Group AG (XTER:B8A) EBIT : €1.3 Mil (TTM As of Jun. 2023)

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What is BAVARIA Industries Group AG EBIT?

BAVARIA Industries Group AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €3.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €1.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BAVARIA Industries Group AG's annualized ROC % for the quarter that ended in Jun. 2023 was -1.10%. BAVARIA Industries Group AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 19.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BAVARIA Industries Group AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 0.41%.

BAVARIA Industries Group AG EBIT Historical Data

The historical data trend for BAVARIA Industries Group 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.

* Premium members only.

BAVARIA Industries Group AG EBIT Chart

BAVARIA Industries Group AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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15.20

11.24

-11.89

19.01

13.05

BAVARIA Industries Group AG 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															9.89	9.11	14.93	-1.89	3.15

Competitive Comparison of BAVARIA Industries Group AG's EBIT

For the Asset Management subindustry, BAVARIA Industries Group 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.

BAVARIA Industries Group AG's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BAVARIA Industries Group AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BAVARIA Industries Group AG's EV-to-EBIT falls into.

BAVARIA Industries Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1.3 Mil.

BAVARIA Industries Group AG (XTER:B8A) EBIT Explanation

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

BAVARIA Industries Group AG'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 )
=	-3.374 * ( 1 - 25.89% )	/	( (228.695	+	224.639)	/ 2 )
=	-2.5004714	/	226.667
=	-1.10 %

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	))
=	361.987	-	15.473	-	( 119.311	-	max(0, 26.588	-	144.407	+	119.311	))
=	228.695

	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	))
=	361.356	-	13.729	-	( 122.988	-	max(0, 16.062	-	152.025	+	122.988	))
=	224.639

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:

BAVARIA Industries Group AG'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 )
=	6.308	/	( ( (23.45 + max(4.906, 0))	+	(22.941 + max(12.487, 0)) )	/	2 )
=	6.308	/	( ( 28.356	+	35.428 )	/	2 )
=	6.308	/	31.892
=	19.78 %

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)
=	(4.464	+	15.421	+	5.018)	-	(15.473	+	0	+	4.524)
=	4.906

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.305	+	15.096	+	4.148)	-	(13.729	+	0	+	2.333)
=	12.487

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:

BAVARIA Industries Group AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	1.269	/	307.980
	=	0.41 %

BAVARIA Industries Group AG EBIT Related Terms

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BAVARIA Industries Group AG (XTER:B8A) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

B8A:Germany B8A:Germany

Address

Bavariaring 24, Munich, DEU, 80336

Website

http://www.baikap.de

BAVARIA Industries Group AG is a Germany-based holding company that acquires underperforming companies and boosts their performance through active management. The company's portfolio comprises companies from the areas of serial production and automotive, plant engineering and construction, and business services. It pursues three objectives, cutting costs, developing new sources of turnover and protecting jobs wherever possible. It relies on the initiative of the investee company's workforce to boost innovation and avoid all forms of waste, such as reject rates or unnecessary downtime during production.

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