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BolognaFiere SpA (MIL:BF) EBIT : €16.40 Mil (TTM As of Dec. 2023)


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What is BolognaFiere SpA EBIT?

BolognaFiere SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-1.68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €16.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BolognaFiere SpA's annualized ROC % for the quarter that ended in Dec. 2023 was -3.22%. BolognaFiere SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.91%.

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

BolognaFiere SpA EBIT Historical Data

The historical data trend for BolognaFiere 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.

* Premium members only.

BolognaFiere SpA EBIT Chart

BolognaFiere SpA Annual Data
Trend Dec21 Dec22 Dec23
EBIT
0.13 -0.40 16.40

BolognaFiere SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
EBIT - 11.14 -11.54 18.08 -1.68

Competitive Comparison of BolognaFiere SpA's EBIT

For the Specialty Business Services subindustry, BolognaFiere 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.

BolognaFiere SpA's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, BolognaFiere SpA's EV-to-EBIT distribution charts can be found below:

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


BolognaFiere 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 semi-annually data reported by the company within the most recent 12 months, which was €16.40 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.

BolognaFiere SpA  (MIL:BF) EBIT Explanation

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

BolognaFiere 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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-14.928 * ( 1 - -9.79% )/( (484.68 + 533.583)/ 2 )
=-16.3894512/509.1315
=-3.22 %

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))
=533.832 - 71.472 - ( 47.17 - max(0, 133.562 - 111.242+47.17))
=484.68

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))
=579 - 75.266 - ( 59.304 - max(0, 169.312 - 139.463+59.304))
=533.583

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:

BolognaFiere 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.364/( ( (365.537 + max(-52.5, 0)) + (370.999 + max(-71.639, 0)) )/ 2 )
=-3.364/( ( 365.537 + 370.999 )/ 2 )
=-3.364/368.268
=-0.91 %

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)
=(32.54 + 7.667 + 11.612) - (71.472 + 0 + 32.847)
=-52.5

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.244 + 7.796 + 11.694) - (75.266 + 0 + 65.107)
=-71.639

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:

BolognaFiere SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=16.401/0.000
= %

* 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.

BolognaFiere SpA EBIT Related Terms

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BolognaFiere SpA (MIL:BF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BolognaFiere SpA (MIL:BF) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
Viale della Fiera, 20, Bologna, ITA, 40127
Website
https://bolognafiere.it
BolognaFiere SpA is an exhibition operator in Italy. It covers the full industry supply chain - trade fair and event organisation, venue management, booth installation, and architecture - operating in over 10 countries in 3 continents (Europe, Asia, and America). The Group operates both in Italy and internationally, organizing exhibition events and providing installation and architecture services in more than 15 foreign countries (including Germany, France, Switzerland, USA, Mexico, China, India, Thailand, United Arab Emirates, etc.

BolognaFiere SpA (MIL:BF) Headlines

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