Cube Labs SpA (MIL:CUBE) EBIT : €-0.29 Mil (TTM As of Jun. 2023)

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What is Cube Labs SpA EBIT?

Cube Labs SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-0.27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-0.29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cube Labs SpA's annualized ROC % for the quarter that ended in Jun. 2023 was -0.78%. Cube Labs SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -15.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cube Labs SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -0.74%.

Cube Labs SpA EBIT Historical Data

The historical data trend for Cube Labs 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.

Cube Labs SpA EBIT Chart

Cube Labs SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

-0.06

0.23

0.33

0.40

0.05

Cube Labs SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial			0.24	0.17	0.07	-0.02	-0.27

Competitive Comparison of Cube Labs SpA's EBIT

For the Asset Management subindustry, Cube Labs 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.

Cube Labs SpA's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cube Labs SpA's EV-to-EBIT distribution charts can be found below:

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

Cube Labs 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.29 Mil.

Cube Labs SpA (MIL:CUBE) EBIT Explanation

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

Cube Labs SpA's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.564 * ( 1 - 22.09% )	/	( (55.745	+	57.582)	/ 2 )
=	-0.4394124	/	56.6635
=	-0.78 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	57.351	-	0.682	-	( 0.924	-	max(0, 1.585	-	4.693	+	0.924	))
=	55.745

	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	))
=	60.788	-	0.799	-	( 2.407	-	max(0, 1.45	-	7.317	+	2.407	))
=	57.582

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

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

Cube Labs SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.54	/	( ( (0.002 + max(2.943, 0))	+	(0.002 + max(3.89, 0)) )	/	2 )
=	-0.54	/	( ( 2.945	+	3.892 )	/	2 )
=	-0.54	/	3.4185
=	-15.80 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.393	+	0	+	0.232)	-	(0.682	+	0	+	0)
=	2.943

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.298	+	0	+	0.391)	-	(0.799	+	0	+	-2.2204460492503E-16)
=	3.89

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.292	/	39.315
	=	-0.74 %

Cube Labs SpA EBIT Related Terms

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Cube Labs SpA (MIL:CUBE) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Giulio Caccini, 1, Rome, ITA, 00186

Website

https://cube-labs.com

Cube Labs SpA operates as a venture builder that enables innovation in the healthcare technology space. The company is engaged in attracting sources of financing and providing entrepreneurial and operational support to the companies to develop healthcare technologies for the market.