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VK Muehlen AG (FRA:VKL) EBIT : €1.8 Mil (TTM As of Mar. 2014)


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What is VK Muehlen AG EBIT?

VK Muehlen AG's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2014 was €0.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2014 was €1.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VK Muehlen AG's annualized ROC % for the quarter that ended in Mar. 2014 was 0.14%. VK Muehlen AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2014 was 1.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VK Muehlen AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2014 was 1.48%.


VK Muehlen AG EBIT Historical Data

The historical data trend for VK Muehlen 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.

VK Muehlen AG EBIT Chart

VK Muehlen AG Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13
EBIT
28.83 -11.44 -17.60 0.31 -0.99

VK Muehlen AG Semi-Annual Data
Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14
EBIT Get a 7-Day Free Trial Premium Member Only 0.14 0.17 -1.85 0.86 0.94

Competitive Comparison of VK Muehlen AG's EBIT

For the subindustry, VK Muehlen 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.


VK Muehlen AG's EV-to-EBIT Distribution in the Industry

For the industry and sector, VK Muehlen AG's EV-to-EBIT distribution charts can be found below:

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



VK Muehlen 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1.8 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.


VK Muehlen AG  (FRA:VKL) EBIT Explanation

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

VK Muehlen AG's annualized ROC % for the quarter that ended in Mar. 2014 is calculated as:

ROC % (Q: Mar. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2013 ) + Invested Capital (Q: Mar. 2014 ))/ count )
=1.882 * ( 1 - 80.34% )/( (265.933 + 275.336)/ 2 )
=0.3700012/270.6345
=0.14 %

where

Note: The Operating Income data used here is two times the semi-annual (Mar. 2014) data.

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

VK Muehlen AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2013  Q: Mar. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.882/( ( (162.747 + max(8.036, 0)) + (160.839 + max(16.059, 0)) )/ 2 )
=1.882/( ( 170.783 + 176.898 )/ 2 )
=1.882/173.8405
=1.08 %

where Working Capital is:

Working Capital(Q: Sep. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.011 + 45.724 + 2.454) - (25.863 + 0 + 29.29)
=8.036

Working Capital(Q: Mar. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 46.443 + 20.297) - (0.474 + 0 + 50.207)
=16.059

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2014 )
=1.8/121.791
=1.48 %

* 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.


VK Muehlen AG EBIT Related Terms

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VK Muehlen AG (FRA:VKL) Business Description

Traded in Other Exchanges
N/A
Address
VK Muehlen AG is engaged in the development and production of grain and cereal meals products.

VK Muehlen AG (FRA:VKL) Headlines

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