ENCE Energia y Celulosa (ENCE Energia y Celulosa) EBIT : $-43.70 Mil (TTM As of Mar. 2024)

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What is ENCE Energia y Celulosa EBIT?

ENCE Energia y Celulosa's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $21.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-43.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ENCE Energia y Celulosa's annualized ROC % for the quarter that ended in Mar. 2024 was 3.33%. ENCE Energia y Celulosa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

ENCE Energia y Celulosa EBIT Historical Data

The historical data trend for ENCE Energia y Celulosa'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.

ENCE Energia y Celulosa EBIT Chart

ENCE Energia y Celulosa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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29.15

-18.50

-185.80

291.57

4.45

ENCE Energia y Celulosa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															68.95	-61.20	-27.34	23.75	21.09

Competitive Comparison of ENCE Energia y Celulosa's EBIT

For the Paper & Paper Products subindustry, ENCE Energia y Celulosa'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.

ENCE Energia y Celulosa's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, ENCE Energia y Celulosa's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ENCE Energia y Celulosa's EV-to-EBIT falls into.

ENCE Energia y Celulosa 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43.70 Mil.

ENCE Energia y Celulosa (OTCPK:EEYCF) EBIT Explanation

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

ENCE Energia y Celulosa's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	61.304 * ( 1 - 14.41% )	/	( (1593.639	+	1558.696)	/ 2 )
=	52.4700936	/	1576.1675
=	3.33 %

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	))
=	1854.388	-	254.333	-	( 365.908	-	max(0, 511.013	-	517.429	+	365.908	))
=	1593.639

	Invested Capital		(Q: Mar. 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	))
=	1797.609	-	249.457	-	( 263.587	-	max(0, 452.935	-	442.391	+	263.587	))
=	1558.696

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

ENCE Energia y Celulosa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	84.348	/	( ( (1078.516 + max(-178.049, 0))	+	(1063.043 + max(-116.74, 0)) )	/	2 )
=	84.348	/	( ( 1078.516	+	1063.043 )	/	2 )
=	84.348	/	1070.7795
=	7.88 %

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)
=	(37.557	+	77.635	+	30.908)	-	(254.333	+	0	+	69.816)
=	-178.049

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(69.457	+	83.913	+	25.434)	-	(249.457	+	0	+	46.087)
=	-116.74

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

ENCE Energia y Celulosa's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-43.698	/	0.000
	=	%

ENCE Energia y Celulosa EBIT Related Terms

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ENCE Energia y Celulosa (ENCE Energia y Celulosa) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » ENCE Energia y Celulosa SA (OTCPK:EEYCF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ENCe:UK 0K96:UK ENC:Spain ENCA:Germany

Address

Beatriz de Bobadilla, 14, Madrid, ESP, 28040

Website

https://www.ence.es

ENCE Energia y Celulosa SA produces and sells pulp. The company owns and manages eucalyptus forests throughout Spain and harvests timber. The timber is transported to the firm's mills, where it produces pulp for sale to paper manufacturers. Over half of the company's pulp is sold to tissue paper producers. Other customers include manufacturers of specialty paper, printing and writing paper, and packaging paper. Ence also generates and sells electricity from forest biomass. The vast majority of revenue comes from Europe.