Latecoere (STU:12J0) EBIT : €-104.9 Mil (TTM As of Jun. 2023)

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What is Latecoere EBIT?

Latecoere's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-49.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-104.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Latecoere's annualized ROC % for the quarter that ended in Jun. 2023 was -15.07%. Latecoere's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -46.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Latecoere's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -19.89%.

Latecoere EBIT Historical Data

The historical data trend for Latecoere'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.

Latecoere EBIT Chart

Latecoere Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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14.33

-21.24

-171.53

-83.45

-74.01

Latecoere Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-50.49	-32.96	-18.51	-55.50	-49.44

Competitive Comparison of Latecoere's EBIT

For the Aerospace & Defense subindustry, Latecoere'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.

Latecoere's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Latecoere's EV-to-EBIT distribution charts can be found below:

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

Latecoere 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 €-104.9 Mil.

Latecoere (STU:12J0) EBIT Explanation

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

Latecoere'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 )
=	-77.56 * ( 1 - -1.15% )	/	( (488.445	+	552.434)	/ 2 )
=	-78.45194	/	520.4395
=	-15.07 %

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	))
=	742.49	-	180.078	-	( 73.967	-	max(0, 325.824	-	399.974	+	73.967	))
=	488.445

	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	))
=	718.486	-	169.25	-	( 45.845	-	max(0, 384.387	-	381.189	+	45.845	))
=	552.434

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:

Latecoere'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 )
=	-98.876	/	( ( (155.832 + max(47.565, 0))	+	(151.688 + max(74.687, 0)) )	/	2 )
=	-98.876	/	( ( 203.397	+	226.375 )	/	2 )
=	-98.876	/	214.886
=	-46.01 %

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)
=	(58.982	+	202.546	+	60.444)	-	(180.078	+	0	+	94.329)
=	47.565

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(70.291	+	199.461	+	56.071)	-	(169.25	+	0	+	81.886)
=	74.687

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-104.941	/	527.663
	=	-19.89 %

Latecoere EBIT Related Terms

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Latecoere (STU:12J0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Latecoere SA (STU:12J0) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0IXT:UK LAT:France 12J0:Germany

Address

135, Rue de Periole, BP 25211, Cedex 5, Toulouse, FRA, 31079

Website

https://www.latecoere.aero

Latecoere SA is operating in the aeronautics industry. The company's core business activities are categorized into two key segments: Aerostructures segment and Interconnection Systems segment. Its Aerostructures division designs and manufactures fuselage components such as aircraft sections, tail cones, nose cone fairings, among others. Latecoere's Interconnection Systems specializes in the customized design, and production of wiring systems, avionics racks and test benches for the aeronautics, defense and space sectors. The Interconnection Systems segment contributes the majority of the total revenue. The company has an operational presence across Europe, Africa, and Central America.

Latecoere (STU:12J0) Headlines

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