Veganz Group AG (XTER:VEZ) EBIT : €-9.77 Mil (TTM As of Jun. 2024)

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What is Veganz Group AG EBIT?

Veganz Group AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €-4.94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-9.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veganz Group AG's annualized ROC % for the quarter that ended in Jun. 2024 was -52.05%. Veganz Group AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -307.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veganz Group AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -62.92%.

Veganz Group AG EBIT Historical Data

The historical data trend for Veganz 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.

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Veganz Group AG EBIT Chart

Veganz Group AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-4.27

-10.56

-13.06

-8.49

Veganz Group AG Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial					-6.28	-6.77	-3.67	-4.82	-4.94

Competitive Comparison of Veganz Group AG's EBIT

For the Packaged Foods subindustry, Veganz 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.

Veganz Group AG's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Veganz Group AG's EV-to-EBIT distribution charts can be found below:

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

Veganz 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-9.77 Mil.

Veganz Group AG (XTER:VEZ) EBIT Explanation

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

Veganz Group AG's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-10.286 * ( 1 - -0.44% )	/	( (14.552	+	25.146)	/ 2 )
=	-10.3312584	/	19.849
=	-52.05 %

where

	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	))
=	24.969	-	5.134	-	( 5.283	-	max(0, 5.224	-	11.058	+	5.283	))
=	14.552

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	20.471	-	6.566	-	( 2.471	-	max(0, 18.091	-	6.85	+	2.471	))
=	25.146

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Veganz Group AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.884	/	( ( (3.168 + max(-0.289, 0))	+	(3.269 + max(-4.068, 0)) )	/	2 )
=	-9.884	/	( ( 3.168	+	3.269 )	/	2 )
=	-9.884	/	3.2185
=	-307.10 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.432	+	2.194	+	1.309)	-	(5.134	+	0	+	0.09)
=	-0.289

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.34	+	1.549	+	1.433)	-	(6.566	+	0	+	1.824)
=	-4.068

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-9.766	/	15.521
	=	-62.92 %

Veganz Group AG EBIT Related Terms

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Veganz Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veganz Group AG (XTER:VEZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

VEZ:Germany

Address

Warschauer Strasse 33, Berlin, DEU, 10243

Website

https://www.veganz.de

Veganz Group AG is a plant-based/vegan food company developing, producing, marketing, and distributing its products under its brand "Veganz". Its offering is characterized by a complete absence of all animal ingredients as well as products for the production of which animal ingredients are used. Some of its products include Biscuits and bakery products, Cheese Alternatives, Fish Alternatives, Ready Meals, and Sweet treats.

Executives

Moritz Möller	Board of Directors
Massimo Garau	Board of Directors
Jan Bredack	Board of Directors

Veganz Group AG Headlines

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