Aeffe SpA (MIL:AEF) Operating Income: €51.1 Mil (TTM As of Jun. 2025)


MIL:AEF Aeffe SpA MIL:AEF
28 GF Score
Price €0.16
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What is Aeffe SpA Operating Income?

Aeffe SpA MIL:AEF -0.62% 28 Operating Income is €51.1 Mil as of Jun. 2025. GuruFocus rates MIL:AEF with a GF Score™ of 28/100.

Aeffe SpA's Operating Income for the three months ended in Jun. 2025 was €-12.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was €51.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Aeffe SpA's Operating Income for the three months ended in Jun. 2025 was €-12.0 Mil. Aeffe SpA's Revenue for the three months ended in Jun. 2025 was €39.7 Mil. Therefore, Aeffe SpA's Operating Margin % for the quarter that ended in Jun. 2025 was -30.34%.

Aeffe SpA's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aeffe SpA's annualized ROC % for the quarter that ended in Jun. 2025 was -14.90%. Aeffe SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -52.98%.

Aeffe SpA  (MIL:AEF) Operating Income Explanation

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

Aeffe SpA's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=-48.128 * ( 1 - 5.83% )/( (329.42 + 279.119)/ 2 )
=-45.3221376/304.2695
=-14.90 %

where

Invested Capital(Q: Mar. 2025 )
=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))
=373.541 - 55.726 - ( 11.995 - max(0, 185.867 - 174.262+11.995))
=329.42

Invested Capital(Q: Jun. 2025 )
=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))
=361.803 - 70.082 - ( 12.602 - max(0, 141.304 - 168.082+12.602))
=279.119

Note: The Operating Income data used here is four times the quarterly (Jun. 2025) data.

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

Aeffe SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-77.74/( ( (129.161 + max(16.5, 0)) + (123.41 + max(24.401, 0)) )/ 2 )
=-77.74/( ( 145.661 + 147.811 )/ 2 )
=-77.74/146.736
=-52.98 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.31 + 83.816 + 5.914) - (55.726 + 0 + 66.814)
=16.5

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.024 + 89.191 + 25.668) - (70.082 + 0 + 56.4)
=24.401

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Aeffe SpA's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2025 )/Revenue (Q: Jun. 2025 )
=-12.032/39.657
=-30.34 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Aeffe SpA Operating Income Related Terms

Aeffe SpA Operating Income Historical Data

* Premium members only.

The historical data trend for Aeffe SpA's Operating Income 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.

Aeffe SpA Operating Income Chart

Aeffe SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.97 13.09 9.20 -21.04 55.72

Aeffe SpA Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12.98 82.76 -11.49 -8.10 -12.03
MIL:AEF
28GF Score
Aeffe SpA MIL:AEF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Aeffe SpA Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €51.1 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €51.1 Mil mean?
Aeffe SpA (MIL:AEF) has a Operating Income of €51.1 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Aeffe SpA and its competitors.
Is Aeffe SpA's Operating Income too high?
Aeffe SpA's current Operating Income is €51.1 Mil. Overall, Aeffe SpA has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Aeffe SpA's Operating Income compare to RL and LEVI?
Aeffe SpA's Operating Income of €51.1 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Manufacturing - Apparel & Accessories company?
A good Operating Income depends on the Manufacturing - Apparel & Accessories industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Aeffe SpA and its competitors. Aeffe SpA's current Operating Income is €51.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeffe SpA stock overvalued right now?
Aeffe SpA (MIL:AEF) has a current Operating Income of €51.1 Mil. The current Operating Income is €51.1 Mil. Aeffe SpA's overall GF Score™ is 28/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Aeffe SpA (MIL:AEF), the current Operating Income is €51.1 Mil as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Aeffe SpA Business Description

Other Exchanges 0GY8:UK3A1:Germany
Address Via Delle Querce, 51, San Giovanni in Marignano, Rimini, ITA, 47842
Aeffe SpA is an Italian company engaged in the designing, production, and distribution of fashion and luxury goods. The business activity of the firm is operated through two segments. The Pret-a Porter segment is engaged in the development of luxury ready-to-wear clothing and lingerie, beachwear, and loungewear collections. The Footwear and leather goods segment handles footwear, small leather goods, bags, and matching accessories made from exclusive materials. The products are offered under the brands like Alberta Ferretti, Philosophy, Moschino, and Pollini. Its geographical segments are Italy, Europe (excluding Italy), Asia and the rest of the world, and America. It earns majority of the revenue from Italy followed by Europe and Asia and Rest of the World.
28GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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