Varta AG (Varta AG) EBIT : $-270.2 Mil (TTM As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Varta AG EBIT?

Varta AG's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $4.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-270.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Varta AG's annualized ROC % for the quarter that ended in Sep. 2023 was -20.55%. Varta AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Varta AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -47.92%.

Varta AG EBIT Historical Data

The historical data trend for Varta AG'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.

Varta AG EBIT Chart

Varta AG Annual Data

Trend

Dec09

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

41.98

80.23

168.44

207.43

-195.36

Varta AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-28.03	-175.94	-30.97	-67.92	4.68

Competitive Comparison of Varta AG's EBIT

For the Electrical Equipment & Parts subindustry, Varta AG'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.

Varta AG's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Varta AG's EV-to-EBIT distribution charts can be found below:

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

Varta AG 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-270.2 Mil.

Varta AG (OTCPK:VARGF) EBIT Explanation

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

Varta AG's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-137.312 * ( 1 - -65.07% )	/	( (1113.269	+	1092.684)	/ 2 )
=	-226.6609184	/	1102.9765
=	-20.55 %

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	))
=	1232.907	-	113.306	-	( 58.612	-	max(0, 442.573	-	448.905	+	58.612	))
=	1113.269

	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	))
=	1222.84	-	128.498	-	( 42.649	-	max(0, 449.716	-	451.374	+	42.649	))
=	1092.684

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

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

Varta AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	18.704	/	( ( (614.151 + max(-82.082, 0))	+	(602.238 + max(-26.986, 0)) )	/	2 )
=	18.704	/	( ( 614.151	+	602.238 )	/	2 )
=	18.704	/	608.1945
=	3.08 %

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)
=	(86.094	+	239.585	+	15.667)	-	(113.306	+	0	+	310.122)
=	-82.082

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(115.061	+	228.016	+	61.92)	-	(128.498	+	0	+	303.485)
=	-26.986

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Varta AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-270.153	/	563.733
	=	-47.92 %

Varta AG EBIT Related Terms

Thank you for viewing the detailed overview of Varta AG's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Varta AG (Varta AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Varta AG (OTCPK:VARGF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

VARTY:USA 1VAR:Italy 0GYQ:UK VAR:Germany VAR:Germany VAR1:Germany VAR1:Germany VAR1:Germany VAR1:Germany VAR1:Austria

Address

VARTA-Platz 1, Ellwangen, BW, DEU, 73479

Website

https://www.varta-ag.com

Varta AG manufactures and markets a wide range of industrial, commercial, and miniaturized batteries for equipment and devices. It operates in five reportable business segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Others. The company generates the majority of its revenue from the Consumer Batteries segment which comprises the product categories of household comprises the product categories of household batteries, rechargeable batteries, chargers, portable power (power banks), and lights.