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Arteche Lantegi Elekartea (XMAD:ART) EBIT : €23.2 Mil (TTM As of Dec. 2023)


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What is Arteche Lantegi Elekartea EBIT?

Arteche Lantegi Elekartea's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €13.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €23.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arteche Lantegi Elekartea's annualized ROC % for the quarter that ended in Dec. 2023 was 15.65%. Arteche Lantegi Elekartea's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 52.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arteche Lantegi Elekartea's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.03%.


Arteche Lantegi Elekartea EBIT Historical Data

The historical data trend for Arteche Lantegi Elekartea'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.

Arteche Lantegi Elekartea EBIT Chart

Arteche Lantegi Elekartea Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
11.12 14.92 17.99 15.56 23.20

Arteche Lantegi Elekartea Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only 12.98 6.86 8.71 9.48 13.72

Competitive Comparison of Arteche Lantegi Elekartea's EBIT

For the Electronic Components subindustry, Arteche Lantegi Elekartea'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.


Arteche Lantegi Elekartea's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arteche Lantegi Elekartea's EV-to-EBIT distribution charts can be found below:

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



Arteche Lantegi Elekartea 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 €23.2 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.


Arteche Lantegi Elekartea  (XMAD:ART) EBIT Explanation

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

Arteche Lantegi Elekartea'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 )
=31.498 * ( 1 - 12.74% )/( (178.181 + 173.03)/ 2 )
=27.4851548/175.6055
=15.65 %

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))
=332.266 - 109.179 - ( 59.406 - max(0, 181.862 - 226.768+59.406))
=178.181

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:

Arteche Lantegi Elekartea'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 )
=27.438/( ( (32.639 + max(26.512, 0)) + (34.914 + max(9.543, 0)) )/ 2 )
=27.438/( ( 59.151 + 44.457 )/ 2 )
=27.438/51.804
=52.97 %

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)
=(55.58 + 86.391 + 19.629) - (109.179 + 0 + 25.909)
=26.512

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.26 + 81.004 + 20.416) - (114.189 + 0 + 27.948)
=9.543

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:

Arteche Lantegi Elekartea's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=23.197/330.200
=7.03 %

* 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.


Arteche Lantegi Elekartea EBIT Related Terms

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Arteche Lantegi Elekartea (XMAD:ART) Business Description

Traded in Other Exchanges
N/A
Address
Derio Bidea 28, Bizkaia, Mungia, ESP, 48100
Arteche Lantegi Elekartea SA is engaged in developing equipment and solutions for the electric power industry. The product portfolio of the company includes High voltage instrument transformers, Digital Instrument Transformers, Trip, supervision, and auxiliary relays, Medium voltage sensors, and Reclosers and switches among others.

Arteche Lantegi Elekartea (XMAD:ART) Headlines

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