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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) EBIT : ₺-35.3 Mil (TTM As of Dec. 2023)


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What is Formet Metal Ve Camnayi Anonim Sirketi EBIT?

Formet Metal Ve Camnayi Anonim Sirketi's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₺-103.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-35.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Formet Metal Ve Camnayi Anonim Sirketi's annualized ROC % for the quarter that ended in Dec. 2023 was -12.57%. Formet Metal Ve Camnayi Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -49.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Formet Metal Ve Camnayi Anonim Sirketi's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.26%.


Formet Metal Ve Camnayi Anonim Sirketi EBIT Historical Data

The historical data trend for Formet Metal Ve Camnayi Anonim Sirketi'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.

Formet Metal Ve Camnayi Anonim Sirketi EBIT Chart

Formet Metal Ve Camnayi Anonim Sirketi Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only -5.01 27.50 18.91 54.24 -44.56

Formet Metal Ve Camnayi Anonim Sirketi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 39.55 33.49 17.24 17.87 -103.90

Competitive Comparison of Formet Metal Ve Camnayi Anonim Sirketi's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Formet Metal Ve Camnayi Anonim Sirketi'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.


Formet Metal Ve Camnayi Anonim Sirketi's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Formet Metal Ve Camnayi Anonim Sirketi's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Formet Metal Ve Camnayi Anonim Sirketi's EV-to-EBIT falls into.



Formet Metal Ve Camnayi Anonim Sirketi 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-35.3 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.


Formet Metal Ve Camnayi Anonim Sirketi  (IST:FORMT) EBIT Explanation

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

Formet Metal Ve Camnayi Anonim Sirketi's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-126.308 * ( 1 - 7.8% )/( (755.971 + 1096.576)/ 2 )
=-116.455976/926.2735
=-12.57 %

where

Invested Capital(Q: Sep. 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))
=1049.654 - 167.59 - ( 126.093 - max(0, 310.821 - 645.935+126.093))
=755.971

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))
=1324.468 - 131.366 - ( 96.526 - max(0, 300.696 - 636.694+96.526))
=1096.576

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Formet Metal Ve Camnayi Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-415.596/( ( (373.26 + max(299.886, 0)) + (660.16 + max(329.981, 0)) )/ 2 )
=-415.596/( ( 673.146 + 990.141 )/ 2 )
=-415.596/831.6435
=-49.97 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(187.641 + 224.092 + 106.11) - (167.59 + 0 + 50.367)
=299.886

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(196.325 + 263.392 + 77.826) - (131.366 + 0 + 76.196)
=329.981

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Formet Metal Ve Camnayi Anonim Sirketi's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-35.296/1559.850
=-2.26 %

* 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.


Formet Metal Ve Camnayi Anonim Sirketi EBIT Related Terms

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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Business Description

Traded in Other Exchanges
N/A
Address
Caddesi No. 18, Organize Sanayi Bolgesi 9, Kayseri, TUR
Formet Celik Kapi Sanayi ve Ticaret AS manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Headlines

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