Fenix Entertainment SpA (MIL:FNX) EBIT : €-27.45 Mil (TTM As of Jun. 2023)

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What is Fenix Entertainment SpA EBIT?

Fenix Entertainment SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-1.72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-27.45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fenix Entertainment SpA's annualized ROC % for the quarter that ended in Jun. 2023 was -6.54%. Fenix Entertainment SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -170.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fenix Entertainment SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -183.51%.

Fenix Entertainment SpA EBIT Historical Data

The historical data trend for Fenix Entertainment 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.

Fenix Entertainment SpA EBIT Chart

Fenix Entertainment SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1.73

3.03

1.50

-7.86

-27.45

Fenix Entertainment SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial					0.13	-0.01	-7.84	-1.72	-25.73

Competitive Comparison of Fenix Entertainment SpA's EBIT

For the Entertainment subindustry, Fenix Entertainment 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.

Fenix Entertainment SpA's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Fenix Entertainment SpA's EV-to-EBIT distribution charts can be found below:

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

Fenix Entertainment 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 €-27.45 Mil.

Fenix Entertainment SpA (MIL:FNX) EBIT Explanation

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

Fenix Entertainment 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 )
=	-3.378 * ( 1 - -1.26% )	/	( (49.902	+	54.674)	/ 2 )
=	-3.4205628	/	52.288
=	-6.54 %

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	))
=	48.618	-	14.962	-	( 0.716	-	max(0, 33.97	-	17.724	+	0.716	))
=	49.902

	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	))
=	48.068	-	13.62	-	( 1	-	max(0, 36.365	-	16.139	+	1	))
=	54.674

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:

Fenix Entertainment 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 )
=	-3.442	/	( ( (2.132 + max(-12.103, 0))	+	(1.903 + max(-12.635, 0)) )	/	2 )
=	-3.442	/	( ( 2.132	+	1.903 )	/	2 )
=	-3.442	/	2.0175
=	-170.61 %

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)
=	(6.651	+	0.127	+	6.488)	-	(14.962	+	0	+	10.407)
=	-12.103

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.906	+	0.785	+	6.713)	-	(13.62	+	0	+	12.419)
=	-12.635

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-27.452	/	14.959
	=	-183.51 %

Fenix Entertainment SpA EBIT Related Terms

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Fenix Entertainment SpA (MIL:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fenix Entertainment SpA (MIL:FNX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sede legale Viale Giuseppe Mazzini, Rome, ITA, 134 - 00195

Website

https://www.fenixent.com

Fenix Entertainment SpA is engaged in exploitation of the distribution rights of the films acquired; production and co-production of films and soundtracks for the Italian market and distribution of the same; production and co-production of sound recordings, and their distribution; search for talented people in the film and sound sector with sponsorship e-participation in national and international events and marketing and communication.