Flowtech Fluidpower (LSE:FLO) EBIT : £-10.5 Mil (TTM As of Dec. 2023)

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What is Flowtech Fluidpower EBIT?

Flowtech Fluidpower's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-12.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-10.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flowtech Fluidpower's annualized ROC % for the quarter that ended in Dec. 2023 was 5.53%. Flowtech Fluidpower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -54.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flowtech Fluidpower's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.88%.

Flowtech Fluidpower EBIT Historical Data

The historical data trend for Flowtech Fluidpower'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.

Flowtech Fluidpower EBIT Chart

Flowtech Fluidpower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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5.75

-1.40

3.67

-4.44

-10.46

Flowtech Fluidpower Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															0.97	3.62	-8.06	2.44	-12.90

Competitive Comparison of Flowtech Fluidpower's EBIT

For the Industrial Distribution subindustry, Flowtech Fluidpower'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.

Flowtech Fluidpower's EV-to-EBIT Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Flowtech Fluidpower's EV-to-EBIT distribution charts can be found below:

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

Flowtech Fluidpower 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 semi-annually data reported by the company within the most recent 12 months, which was £-10.5 Mil.

Flowtech Fluidpower (LSE:FLO) EBIT Explanation

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

Flowtech Fluidpower'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	5.304 * ( 1 - -4.77% )	/	( (105.751	+	95.313)	/ 2 )
=	5.5570008	/	100.532
=	5.53 %

where

	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	))
=	131.568	-	21.371	-	( 4.446	-	max(0, 22.824	-	61.676	+	4.446	))
=	105.751

	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	))
=	117.02	-	16.523	-	( 5.184	-	max(0, 24.02	-	61.774	+	5.184	))
=	95.313

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Flowtech Fluidpower'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-25.798	/	( ( (13.821 + max(35.859, 0))	+	(12.608 + max(32.598, 0)) )	/	2 )
=	-25.798	/	( ( 49.68	+	45.206 )	/	2 )
=	-25.798	/	47.443
=	-54.38 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.257	+	30.843	+	1.13)	-	(21.371	+	0	+	3.5527136788005E-15)
=	35.859

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(22.058	+	32.009	+	0.856)	-	(16.523	+	0	+	5.802)
=	32.598

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Flowtech Fluidpower's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-10.462	/	88.091
	=	-11.88 %

Flowtech Fluidpower EBIT Related Terms

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Flowtech Fluidpower (LSE:FLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Flowtech Fluidpower PLC (LSE:FLO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2FW:Germany

Address

Bollin House, Bollin Walk, Wilmslow, GBR, SK9 1DP

Website

https://www.flowtechfluidpower.com

Flowtech Fluidpower PLC is a supplier of technical fluid power products with modern distribution facilities in the UK and Benelux. The company operates in three segments, Flowtech, Fluidpower Group Solutions and Fluidpower Group Services. It derives majority of its revenue from the United Kingdom and has a presence in Europe and the Rest of the World.