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Scandinavian Medical Solutions AS (OCSE:SMSMED) EBIT : kr8.1 Mil (TTM As of Mar. 2024)


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What is Scandinavian Medical Solutions AS EBIT?

Scandinavian Medical Solutions AS's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was kr4.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was kr8.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Scandinavian Medical Solutions AS's annualized ROC % for the quarter that ended in Mar. 2024 was 5.90%. Scandinavian Medical Solutions AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Scandinavian Medical Solutions AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.66%.


Scandinavian Medical Solutions AS EBIT Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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.

Scandinavian Medical Solutions AS EBIT Chart

Scandinavian Medical Solutions AS Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
3.91 6.10 11.08 14.97 16.77

Scandinavian Medical Solutions AS Semi-Annual Data
Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only 6.17 8.80 13.50 3.27 4.78

Competitive Comparison of Scandinavian Medical Solutions AS's EBIT

For the Medical Devices subindustry, Scandinavian Medical Solutions AS'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.


Scandinavian Medical Solutions AS's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Scandinavian Medical Solutions AS's EV-to-EBIT falls into.



Scandinavian Medical Solutions AS 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr8.1 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.


Scandinavian Medical Solutions AS  (OCSE:SMSMED) EBIT Explanation

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

Scandinavian Medical Solutions AS's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=9.192 * ( 1 - 21.99% )/( (115.49 + 127.545)/ 2 )
=7.1706792/121.5175
=5.90 %

where

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

Scandinavian Medical Solutions AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9.566/( ( (48.272 + max(40.22, 0)) + (44.951 + max(63.815, 0)) )/ 2 )
=9.566/( ( 88.492 + 108.766 )/ 2 )
=9.566/98.629
=9.70 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.969 + 83.196 + 2.964) - (40.556 + 0 + 20.353)
=40.22

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.63 + 86.639 + 2.315) - (30.555 + 0 + 15.214)
=63.815

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

Scandinavian Medical Solutions AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=8.054/219.817
=3.66 %

* 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.


Scandinavian Medical Solutions AS EBIT Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Traded in Other Exchanges
Address
Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000
Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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