Thrace Plastics Holding and Commercial (ATH:PLAT) EBIT : €25.7 Mil (TTM As of Dec. 2023)

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What is Thrace Plastics Holding and Commercial EBIT?

Thrace Plastics Holding and Commercial's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €1.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €25.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thrace Plastics Holding and Commercial's annualized ROC % for the quarter that ended in Dec. 2023 was 4.02%. Thrace Plastics Holding and Commercial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thrace Plastics Holding and Commercial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.29%.

Thrace Plastics Holding and Commercial EBIT Historical Data

The historical data trend for Thrace Plastics Holding and Commercial'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.

Thrace Plastics Holding and Commercial EBIT Chart

Thrace Plastics Holding and Commercial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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15.89

55.30

85.97

34.01

24.53

Thrace Plastics Holding and Commercial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															0.42	6.07	8.29	9.43	1.91

Competitive Comparison of Thrace Plastics Holding and Commercial's EBIT

For the Textile Manufacturing subindustry, Thrace Plastics Holding and Commercial'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.

Thrace Plastics Holding and Commercial's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thrace Plastics Holding and Commercial's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Thrace Plastics Holding and Commercial's EV-to-EBIT falls into.

Thrace Plastics Holding and Commercial 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €25.7 Mil.

Thrace Plastics Holding and Commercial (ATH:PLAT) EBIT Explanation

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

Thrace Plastics Holding and Commercial's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	4.644 * ( 1 - -163.5% )	/	( (304.279	+	304.827)	/ 2 )
=	12.23694	/	304.553
=	4.02 %

where

	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	))
=	412.095	-	65.94	-	( 41.876	-	max(0, 90.336	-	195.669	+	41.876	))
=	304.279

	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	))
=	406.264	-	60.367	-	( 41.07	-	max(0, 89.449	-	184.539	+	41.07	))
=	304.827

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

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

Thrace Plastics Holding and Commercial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	7.62	/	( ( (175.799 + max(81.963, 0))	+	(180.824 + max(76.31, 0)) )	/	2 )
=	7.62	/	( ( 257.762	+	257.134 )	/	2 )
=	7.62	/	257.448
=	2.96 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(71.776	+	72.963	+	4.267)	-	(65.94	+	0	+	1.103)
=	81.963

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(62.179	+	72.003	+	3.882)	-	(60.367	+	0	+	1.387)
=	76.31

When net working capital is negative, 0 is used.

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

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

Thrace Plastics Holding and Commercial's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	25.702	/	193.425
	=	13.29 %

Thrace Plastics Holding and Commercial EBIT Related Terms

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Thrace Plastics Holding and Commercial (ATH:PLAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thrace Plastics Holding and Commercial SA (ATH:PLAT) » Definitions » EBIT

Traded in Other Exchanges

TP3:Germany

Address

20 Marinou Antypa Street, Alimos, Attica, Athens, GRC, 17455

Website

https://www.thracegroup.com

Thrace Plastics Holding and Commercial SA are engaged in the production and distribution of polypropylene products. The business segments of the company are the technical fabrics sector which is concerned with the production and trade of synthetic fabrics for industrial and technical uses; packaging sector which is concerned with production and trade of industrial products, including mainly bags, big bags and palletizing film for the packaging of fertilizers, fish feed, animal feed and chemical and inert materials; and Agricultural sector that involves the production of tomatoes by applying the hydroponic methodology and the utilization and use of geothermal energy.