Grupul Industrial Electrocontact (BSE:ECT) EBIT : lei0.04 Mil (TTM As of Jun. 2023)

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What is Grupul Industrial Electrocontact EBIT?

Grupul Industrial Electrocontact's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was lei-0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was lei0.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grupul Industrial Electrocontact's annualized ROC % for the quarter that ended in Jun. 2023 was -1.38%. Grupul Industrial Electrocontact's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -2.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grupul Industrial Electrocontact's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 0.49%.

Grupul Industrial Electrocontact EBIT Historical Data

The historical data trend for Grupul Industrial Electrocontact'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.

Grupul Industrial Electrocontact EBIT Chart

Grupul Industrial Electrocontact Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-0.51

0.18

-0.34

0.08

0.01

Grupul Industrial Electrocontact Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-0.24	0.33	-0.13	0.14	-0.10

Competitive Comparison of Grupul Industrial Electrocontact's EBIT

For the Specialty Industrial Machinery subindustry, Grupul Industrial Electrocontact'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.

Grupul Industrial Electrocontact's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grupul Industrial Electrocontact's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grupul Industrial Electrocontact's EV-to-EBIT falls into.

Grupul Industrial Electrocontact 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 lei0.04 Mil.

Grupul Industrial Electrocontact (BSE:ECT) EBIT Explanation

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

Grupul Industrial Electrocontact'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 )
=	-0.208 * ( 1 - 0% )	/	( (14.973	+	15.095)	/ 2 )
=	-0.208	/	15.034
=	-1.38 %

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	))
=	15.577	-	0.251	-	( 0.353	-	max(0, 0.537	-	2.602	+	0.353	))
=	14.973

	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	))
=	15.44	-	0.22	-	( 0.125	-	max(0, 0.506	-	2.381	+	0.125	))
=	15.095

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:

Grupul Industrial Electrocontact'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 )
=	-0.208	/	( ( (7.803 + max(1.846, 0))	+	(7.763 + max(1.9, 0)) )	/	2 )
=	-0.208	/	( ( 9.649	+	9.663 )	/	2 )
=	-0.208	/	9.656
=	-2.15 %

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)
=	(0.396	+	1.682	+	0.036)	-	(0.251	+	0	+	0.017)
=	1.846

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.42	+	1.684	+	0.033)	-	(0.22	+	0	+	0.017)
=	1.9

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:

Grupul Industrial Electrocontact's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	0.036	/	7.367
	=	0.49 %

Grupul Industrial Electrocontact EBIT Related Terms

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Grupul Industrial Electrocontact (BSE:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grupul Industrial Electrocontact SA (BSE:ECT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calea Nationala nr. 6, Botosani, ROU, 710010

Website

http://www.electrocontact.ro

Grupul Industrial Electrocontact S.A. provides solutions for equipment related to control and distribution for home and industrial use. Some of its products are electric explosion-proof equipment, proximity inductive & optoelectronic switches & junction.

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