Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) EBIT : €29.2 Mil (TTM As of Dec. 2023)

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What is Aeroporto Guglielmo Marconi di Bologna SpA EBIT?

Aeroporto Guglielmo Marconi di Bologna SpA's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €3.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €29.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aeroporto Guglielmo Marconi di Bologna SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 3.19%. Aeroporto Guglielmo Marconi di Bologna SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 121.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aeroporto Guglielmo Marconi di Bologna SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.79%.

Aeroporto Guglielmo Marconi di Bologna SpA EBIT Historical Data

The historical data trend for Aeroporto Guglielmo Marconi di Bologna SpA'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.

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Aeroporto Guglielmo Marconi di Bologna SpA EBIT Chart

Aeroporto Guglielmo Marconi di Bologna SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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31.21

-17.29

-8.16

36.86

25.95

Aeroporto Guglielmo Marconi di Bologna SpA 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															2.30	8.53	11.60	3.52	5.51

Competitive Comparison of Aeroporto Guglielmo Marconi di Bologna SpA's EBIT

For the Airports & Air Services subindustry, Aeroporto Guglielmo Marconi di Bologna SpA'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.

Aeroporto Guglielmo Marconi di Bologna SpA's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aeroporto Guglielmo Marconi di Bologna SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Aeroporto Guglielmo Marconi di Bologna SpA's EV-to-EBIT falls into.

Aeroporto Guglielmo Marconi di Bologna SpA 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 €29.2 Mil.

Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) EBIT Explanation

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

Aeroporto Guglielmo Marconi di Bologna SpA'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 )
=	12.552 * ( 1 - 29.85% )	/	( (269.326	+	282.006)	/ 2 )
=	8.805228	/	275.666
=	3.19 %

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	))
=	336.679	-	71.488	-	( 43.669	-	max(0, 88.738	-	84.603	+	43.669	))
=	269.326

	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	))
=	338.082	-	68.055	-	( 49.336	-	max(0, 88.147	-	76.168	+	49.336	))
=	282.006

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

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

Aeroporto Guglielmo Marconi di Bologna SpA'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 )
=	14.076	/	( ( (12.242 + max(-46.424, 0))	+	(11.007 + max(-54.358, 0)) )	/	2 )
=	14.076	/	( ( 12.242	+	11.007 )	/	2 )
=	14.076	/	11.6245
=	121.09 %

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)
=	(27.895	+	0.917	+	0.586)	-	(71.488	+	0	+	4.334)
=	-46.424

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.072	+	0.878	+	1.062)	-	(68.055	+	0	+	7.315)
=	-54.358

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:

Aeroporto Guglielmo Marconi di Bologna SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	29.158	/	270.233
	=	10.79 %

Aeroporto Guglielmo Marconi di Bologna SpA EBIT Related Terms

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Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

169:Germany

Address

Via Triumvirato 84, Bologna, ITA, 40132

Website

https://www.bologna-airport.it

Aeroporto Guglielmo Marconi di Bologna SpA is engaged in the airport operations. It operates with three business units Aviation, Non-Aviation, and Other. Aviation unit is responsible for providing security services, information to the public and airport users, development of the airport infrastructure and service to passengers whereas Non-Aviation unit is concern about parking management, retail sub-concessions, advertising, passenger services and real estate management areas. The group generates revenue through Carriers, Airport Operators, Traffic incentives and Construction Services.

Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) Headlines

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