Veolia Environnement (XTER:VVD) EBIT : €2,900 Mil (TTM As of Jun. 2024)

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What is Veolia Environnement EBIT?

Veolia Environnement's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €1,593 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €2,900 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veolia Environnement's annualized ROC % for the quarter that ended in Jun. 2024 was 4.19%. Veolia Environnement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 16.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veolia Environnement's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.46%.

Veolia Environnement EBIT Historical Data

The historical data trend for Veolia Environnement'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.

Veolia Environnement EBIT Chart

Veolia Environnement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,672.80

832.30

1,315.50

2,149.00

2,743.00

Veolia Environnement Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															975.00	1,174.00	1,436.00	1,307.00	1,593.00

Competitive Comparison of Veolia Environnement's EBIT

For the Waste Management subindustry, Veolia Environnement'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.

Veolia Environnement's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Veolia Environnement's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Veolia Environnement's EV-to-EBIT falls into.

Veolia Environnement 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 €2,900 Mil.

Veolia Environnement (XTER:VVD) EBIT Explanation

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

Veolia Environnement'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 )
=	3150 * ( 1 - 24.8% )	/	( (56756	+	56370)	/ 2 )
=	2368.8	/	56563
=	4.19 %

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	))
=	72566	-	17927	-	( 10786	-	max(0, 30014	-	27897	+	10786	))
=	56756

	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	))
=	71447	-	18359	-	( 9268	-	max(0, 30419	-	27137	+	9268	))
=	56370

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:

Veolia Environnement'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 )
=	3186	/	( ( (18986 + max(-13483, 0))	+	(18964 + max(-10430, 0)) )	/	2 )
=	3186	/	( ( 18986	+	18964 )	/	2 )
=	3186	/	18975
=	16.79 %

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)
=	(10355	+	1550	+	2481)	-	(17927	+	0	+	9942)
=	-13483

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14135	+	1537	+	1824)	-	(18359	+	0	+	9567)
=	-10430

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:

Veolia Environnement's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	2900	/	30665.141
	=	9.46 %

Veolia Environnement EBIT Related Terms

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Veolia Environnement Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Veolia Environnement SA (XTER:VVD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

VEOEY:USA VEOEF:USA VIE:Mexico VIEp:UK 0NY8:UK VIE:France VVDH:Germany VVD:Germany VVD:Germany VVDH:Germany VVD:Germany VIE:Austria

Address

30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300

Website

https://www.veolia.com

Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of the historical rival Suez in 2022 drove an EBITDA increase of nearly 40%.

Veolia Environnement Headlines

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