GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Health Italia SpA (MIL:HI) » Definitions » EBIT

Health Italia SpA (MIL:HI) EBIT : €4.03 Mil (TTM As of Dec. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Health Italia SpA EBIT?

Health Italia SpA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €1.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €4.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Health Italia SpA's annualized ROC % for the quarter that ended in Dec. 2023 was 1.74%. Health Italia SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Health Italia SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.20%.

Health Italia SpA EBIT Historical Data

The historical data trend for Health Italia SpA'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.

Health Italia SpA EBIT Chart

Health Italia SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 2.92 2.15 3.21 6.16 4.03

Health Italia SpA Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.49 3.76 2.40 2.47 1.56

Competitive Comparison of Health Italia SpA's EBIT

For the Healthcare Plans subindustry, Health Italia SpA'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.

Health Italia SpA's EV-to-EBIT Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Health Italia SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Health Italia SpA's EV-to-EBIT falls into.


Health Italia SpA 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 €4.03 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.

Health Italia SpA  (MIL:HI) EBIT Explanation

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

Health Italia SpA'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 )
=6.724 * ( 1 - 87.43% )/( (48.43 + 48.475)/ 2 )
=0.8452068/48.4525
=1.74 %

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))
=68.357 - 15.483 - ( 4.444 - max(0, 23.844 - 55.46+4.444))
=48.43

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))
=67.443 - 17.891 - ( 1.077 - max(0, 20.482 - 53.403+1.077))
=48.475

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:

Health Italia SpA'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 )
=3.126/( ( (3.079 + max(28.128, 0)) + (4.35 + max(27.712, 0)) )/ 2 )
=3.126/( ( 31.207 + 32.062 )/ 2 )
=3.126/31.6345
=9.88 %

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)
=(28.918 + 0 + 21.066) - (15.483 + 0 + 6.373)
=28.128

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.45 + 0 + 15.461) - (17.891 + 0 + 0.308)
=27.712

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:

Health Italia SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=4.031/33.050
=12.20 %

* 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.

Health Italia SpA EBIT Related Terms

Thank you for viewing the detailed overview of Health Italia SpA's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Health Italia SpA (MIL:HI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Health Italia SpA (MIL:HI) » Definitions » EBIT
Comparable Companies
BUE:LONG BUE:VALO BUE:OEST BUE:HULI BUE:SUPV BUE:CADO BUE:GBAN BUE:MORI BUE:AUSO BUE:SEMI UNH ELV CI CVS HUM CNC MOH SZSE:000503 ALHC BSP:ODPV3
Traded in Other Exchanges
6I5:Germany
Address
Via di Santa Cornelia, 9, Formello, ITA, 00060
Website
http://www.healthitalia.it
Health Italia SpA is an Italy based company engaged in offering integrated healthcare services. It operates in the promotion of integrated and alternative healthcare solutions and provides administrative, liquidation, information technology and consulting services for health funds, health care funds and mutual-aid companies. In addition, the group is also active in the corporate welfare market and manages outsourced flexible benefit welfare plans.