Piquadro SpA (MIL:PQ) EBIT : €16.7 Mil (TTM As of Sep. 2023)

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What is Piquadro SpA EBIT?

Piquadro SpA's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was €6.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was €16.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Piquadro SpA's annualized ROC % for the quarter that ended in Sep. 2023 was 6.16%. Piquadro SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 17.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Piquadro SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 12.69%.

Piquadro SpA EBIT Historical Data

The historical data trend for Piquadro 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.

Piquadro SpA EBIT Chart

Piquadro SpA Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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37.40

-6.27

-5.51

8.70

12.90

Piquadro SpA Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															0.22	8.49	2.80	10.10	6.60

Competitive Comparison of Piquadro SpA's EBIT

For the Footwear & Accessories subindustry, Piquadro 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.

Piquadro SpA's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Piquadro 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €16.7 Mil.

Piquadro SpA (MIL:PQ) EBIT Explanation

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

Piquadro SpA's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	8.504 * ( 1 - 29.83% )	/	( (95.024	+	98.588)	/ 2 )
=	5.9672568	/	96.806
=	6.16 %

where

	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	))
=	192.064	-	49.691	-	( 52.935	-	max(0, 80.189	-	127.538	+	52.935	))
=	95.024

	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	))
=	183.506	-	49.342	-	( 35.576	-	max(0, 82.723	-	120.862	+	35.576	))
=	98.588

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

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

Piquadro SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.196	/	( ( (52.217 + max(19.563, 0))	+	(50.425 + max(31.272, 0)) )	/	2 )
=	13.196	/	( ( 71.78	+	81.697 )	/	2 )
=	13.196	/	76.7385
=	17.20 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(28.251	+	37.428	+	3.927)	-	(49.691	+	0	+	0.35199999999999)
=	19.563

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.214	+	37.473	+	5.222)	-	(49.342	+	0	+	0.295)
=	31.272

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	16.695	/	131.599
	=	12.69 %

Piquadro SpA EBIT Related Terms

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Piquadro SpA (MIL:PQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piquadro SpA (MIL:PQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

4LZ:Germany

Address

Localita Sassuriano, 246, Silla di Gaggio Montano, Bologna, ITA, 40041

Website

https://www.piquadro.com

Piquadro SpA operates in the leather goods market. The company designs, manufactures and markets goods under its own brand name. Its products include women's bags, travel bags, briefcases, belts, wallets, key rings, cigar cases among others. The company's operating segment includes Piquadro; The Bridge and Lancel. It generates maximum revenue from the Lancel segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Italy and the Rest of the World.

Piquadro SpA (MIL:PQ) Headlines

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