Cleanaway Waste Management (FRA:TG9) EBIT : €95 Mil (TTM As of Dec. 2023)

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What is Cleanaway Waste Management EBIT?

Cleanaway Waste Management's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cleanaway Waste Management's annualized ROC % for the quarter that ended in Dec. 2023 was 3.28%. Cleanaway Waste Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cleanaway Waste Management's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.94%.

Cleanaway Waste Management EBIT Historical Data

The historical data trend for Cleanaway Waste Management'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.

Cleanaway Waste Management EBIT Chart

Cleanaway Waste Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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130.60

116.81

144.04

99.99

67.52

Cleanaway Waste Management Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															58.24	38.82	66.50	2.85	92.38

Competitive Comparison of Cleanaway Waste Management's EBIT

For the Waste Management subindustry, Cleanaway Waste Management'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.

Cleanaway Waste Management's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Waste Management's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cleanaway Waste Management's EV-to-EBIT falls into.

Cleanaway Waste Management 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 semi-annually data reported by the company within the most recent 12 months, which was €95 Mil.

Cleanaway Waste Management (FRA:TG9) EBIT Explanation

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

Cleanaway Waste Management'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	167.564 * ( 1 - 29.24% )	/	( (3560.674	+	3672.665)	/ 2 )
=	118.5682864	/	3616.6695
=	3.28 %

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	))
=	3762.185	-	306.82	-	( 63.247	-	max(0, 548.039	-	442.73	+	63.247	))
=	3560.674

	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	))
=	3849.252	-	304.685	-	( 37.196	-	max(0, 575.795	-	447.697	+	37.196	))
=	3672.665

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Cleanaway Waste Management'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	184.75	/	( ( (1354.952 + max(-116.831, 0))	+	(1436.511 + max(-101.951, 0)) )	/	2 )
=	184.75	/	( ( 1354.952	+	1436.511 )	/	2 )
=	184.75	/	1395.7315
=	13.24 %

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)
=	(332.528	+	19.327	+	18.398)	-	(306.82	+	1.982	+	178.282)
=	-116.831

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(361.583	+	32.715	+	16.203)	-	(304.685	+	23.631	+	184.136)
=	-101.951

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Cleanaway Waste Management's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	95.225	/	4899.147
	=	1.94 %

Cleanaway Waste Management EBIT Related Terms

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Cleanaway Waste Management (FRA:TG9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Waste Management Ltd (FRA:TG9) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TSPCF:USA TG9:Germany CWY:Australia

Address

441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

https://www.cleanaway.com.au

Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

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