Reway Group SpA (MIL:RWY) EBIT : €22.2 Mil (TTM As of Jun. 2023)

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What is Reway Group SpA EBIT?

Reway Group SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €8.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €22.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Reway Group SpA's annualized ROC % for the quarter that ended in Jun. 2023 was 22.80%. Reway Group SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 42.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Reway Group SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 11.30%.

Reway Group SpA EBIT Historical Data

The historical data trend for Reway Group 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.

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Reway Group SpA EBIT Chart

Reway Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

13.48

17.90

22.20

Reway Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-	9.72	8.18	8.92	13.29

Competitive Comparison of Reway Group SpA's EBIT

For the Infrastructure Operations subindustry, Reway Group 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.

Reway Group SpA's EV-to-EBIT Distribution in the Construction Industry

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

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

Reway Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €22.2 Mil.

Reway Group SpA (MIL:RWY) EBIT Explanation

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

Reway Group SpA's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	18.468 * ( 1 - 33.13% )	/	( (39.006	+	69.336)	/ 2 )
=	12.3495516	/	54.171
=	22.80 %

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	))
=	76.547	-	25.879	-	( 11.662	-	max(0, 36.358	-	68.53	+	11.662	))
=	39.006

	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	))
=	108.751	-	22.994	-	( 16.421	-	max(0, 30.827	-	84.815	+	16.421	))
=	69.336

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	17.832	/	( ( (5.636 + max(28.765, 0))	+	(8.01 + max(41.388, 0)) )	/	2 )
=	17.832	/	( ( 34.401	+	49.398 )	/	2 )
=	17.832	/	41.8995
=	42.56 %

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)
=	(52.853	+	0.657	+	1.134)	-	(25.879	+	0	+	-7.105427357601E-15)
=	28.765

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(59.886	+	1.148	+	3.348)	-	(22.994	+	0	+	3.5527136788005E-15)
=	41.388

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	22.204	/	196.573
	=	11.30 %

Reway Group SpA EBIT Related Terms

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Reway Group SpA (MIL:RWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reway Group SpA (MIL:RWY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Canalescuro, Licciana Oak Plan Nardi, Massa and Carrara, ITA

Website

https://www.rewaygroup.com

Reway Group SpA is engaged in the preservation and restoration of the infrastructure. The company deal with the Hydrodemolition of concrete, Mechanical milling, Injections, Steel and aluminum coatings, Waterproofing, Special restoration mortars, Painting, Construction of drains, Construction of nailing, and Lighting coating.

Reway Group SpA (MIL:RWY) Headlines

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