Comcm Constanta (BSE:CMCM) EBIT : lei6.98 Mil (TTM As of Mar. 2023)

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What is Comcm Constanta EBIT?

Comcm Constanta's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was lei9.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was lei6.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Comcm Constanta's annualized ROC % for the quarter that ended in Mar. 2023 was 46.74%. Comcm Constanta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 67.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Comcm Constanta's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 8.51%.

Comcm Constanta EBIT Historical Data

The historical data trend for Comcm Constanta'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.

Comcm Constanta EBIT Chart

Comcm Constanta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-5.00

-2.31

-4.52

-4.09

35.81

Comcm Constanta Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
EBIT	Get a 7-Day Free Trial															-0.19	-0.26	-2.40	9.83	-

Competitive Comparison of Comcm Constanta's EBIT

For the Engineering & Construction subindustry, Comcm Constanta'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.

Comcm Constanta's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Comcm Constanta's EV-to-EBIT distribution charts can be found below:

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

Comcm Constanta 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was lei6.98 Mil.

Comcm Constanta (BSE:CMCM) EBIT Explanation

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

Comcm Constanta's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	39.064 * ( 1 - 14.91% )	/	( (70.285	+	71.943)	/ 2 )
=	33.2395576	/	71.114
=	46.74 %

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	))
=	132.27	-	52.855	-	( 44.294	-	max(0, 52.855	-	61.985	+	44.294	))
=	70.285

	Invested Capital		(Q: Mar. 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	))
=	142.035	-	52.788	-	( 20.406	-	max(0, 54.571	-	71.875	+	20.406	))
=	71.943

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

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

Comcm Constanta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	39.32	/	( ( (58.595 + max(-49.917, 0))	+	(58.47 + max(-51.105, 0)) )	/	2 )
=	39.32	/	( ( 58.595	+	58.47 )	/	2 )
=	39.32	/	58.5325
=	67.18 %

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)
=	(2.931	+	0	+	0.007000000000005)	-	(52.855	+	0	+	0)
=	-49.917

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.919	+	0	+	0.547)	-	(52.788	+	0	+	1.783)
=	-51.105

When net working capital is negative, 0 is used.

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

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

Comcm Constanta's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	6.978	/	81.951
	=	8.51 %

Comcm Constanta EBIT Related Terms

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Comcm Constanta (BSE:CMCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Comcm SA Constanta (BSE:CMCM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bulevardul Aurel Vlaicu 144, Constanta, ROU, 900498

Website

http://www.comcm.ro

Comcm SA Constanta is engaged in the manufacture of concrete, and as auxiliary activities: industrial production for constructions, civil constructions of quarry products, rebars, and prefabricated products. As civil engineering and industrial construction activities. Its main activity is the rental of machinery, but also the extraction and sorting of sand.