Evonik Industries AG (XTER:EVK) EBIT : €49 Mil (TTM As of Mar. 2024)

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What is Evonik Industries AG EBIT?

Evonik Industries AG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €269 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evonik Industries AG's annualized ROC % for the quarter that ended in Mar. 2024 was 4.23%. Evonik Industries AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evonik Industries AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.39%.

Evonik Industries AG EBIT Historical Data

The historical data trend for Evonik Industries 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.

Evonik Industries AG EBIT Chart

Evonik Industries AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,175.00

855.00

1,214.00

1,045.00

-107.00

Evonik Industries AG 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															114.00	-237.00	-58.00	75.00	269.00

Competitive Comparison of Evonik Industries AG's EBIT

For the Specialty Chemicals subindustry, Evonik Industries 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.

Evonik Industries AG's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Evonik Industries AG's EV-to-EBIT distribution charts can be found below:

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

Evonik Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €49 Mil.

Evonik Industries AG (XTER:EVK) EBIT Explanation

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

Evonik Industries AG's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	1000 * ( 1 - 26.94% )	/	( (17063	+	17456)	/ 2 )
=	730.6	/	17259.5
=	4.23 %

where

	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	))
=	19940	-	1844	-	( 1033	-	max(0, 4048	-	5904	+	1033	))
=	17063

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	20448	-	1827	-	( 1165	-	max(0, 4340	-	6373	+	1165	))
=	17456

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Evonik Industries AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1076	/	( ( (7259 + max(1659, 0))	+	(7260 + max(868, 0)) )	/	2 )
=	1076	/	( ( 8918	+	8128 )	/	2 )
=	1076	/	8523
=	12.62 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1622	+	2349	+	784)	-	(1844	+	0	+	1252)
=	1659

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1782	+	2566	+	860)	-	(1827	+	0	+	2513)
=	868

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	49	/	12636.520
	=	0.39 %

Evonik Industries AG EBIT Related Terms

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Evonik Industries AG (XTER:EVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Evonik Industries AG (XTER:EVK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EVKIY:USA EVKIF:USA EVK:Italy EVKd:UK 0QDS:UK EVKA:Germany EVK:Germany EVK:Germany EVK:Germany EVK:Austria

Address

Rellinghauser Strasse 1-11, Essen, NW, DEU, 45128

Website

https://www.evonik.com

Evonik Industries is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four major segments: specialty additives, smart materials, nutrition and care, and performance materials.

Executives

Maike Schuh	Board of Directors
Dr. Cornelius Baur	Supervisory Board
Thomas Wessel	Board of Directors
Christian Kullmann	Board of Directors
Ute Wolf	Board of Directors

Evonik Industries AG (XTER:EVK) Headlines

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