Pescanova (XMAD:PVA) EBIT : €-2.65 Mil (TTM As of May. 2023)

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What is Pescanova EBIT?

Pescanova's earnings before interest and taxes (EBIT) for the six months ended in May. 2023 was €0.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2023 was €-2.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pescanova's annualized ROC % for the quarter that ended in May. 2023 was 0.20%. Pescanova's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2023 was 756.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pescanova's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2023 was -20.15%.

Pescanova EBIT Historical Data

The historical data trend for Pescanova'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.

Pescanova EBIT Chart

Pescanova Annual Data

Trend

Dec11

Dec12

Dec13

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

EBIT

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1.79

0.93

1.91

0.16

-4.57

Pescanova Semi-Annual Data
	Dec11	Jun12	Dec12	Dec13	Jun14	May15	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
EBIT	Get a 7-Day Free Trial															2.04	-1.89	-1.79	-2.79	0.14

Competitive Comparison of Pescanova's EBIT

For the Farm Products subindustry, Pescanova'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.

Pescanova's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pescanova's EV-to-EBIT distribution charts can be found below:

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

Pescanova 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 May. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-2.65 Mil.

Pescanova (XMAD:PVA) EBIT Explanation

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

Pescanova's annualized ROC % for the quarter that ended in May. 2023 is calculated as:

	ROC % (Q: May. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2022 )	+	Invested Capital (Q: May. 2023 ))	/ count )
=	0.102 * ( 1 - 0% )	/	( (58.121	+	44.126)	/ 2 )
=	0.102	/	51.1235
=	0.20 %

where

	Invested Capital		(Q: Nov. 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	))
=	47.771	-	0.02	-	( 0.004	-	max(0, 11.605	-	1.235	+	0.004	))
=	58.121

	Invested Capital		(Q: May. 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	))
=	44.263	-	0.029	-	( 7.975	-	max(0, 7.96	-	8.068	+	7.975	))
=	44.126

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

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

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

	ROC (Joel Greenblatt) %		(Q: May. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2022		Q: May. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.276	/	( ( (0 + max(0.073, 0))	+	(0 + max(-0.097, 0)) )	/	2 )
=	0.276	/	( ( 0.073	+	0 )	/	2 )
=	0.276	/	0.0365
=	756.16 %

where Working Capital is:

	Working Capital		(Q: Nov. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.082	+	0	+	0.011)	-	(0.02	+	0	+	0)
=	0.073

	Working Capital		(Q: May. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.082	+	0	+	0)	-	(0.029	+	0	+	0.15)
=	-0.097

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2023 )
	=	-2.647	/	13.136
	=	-20.15 %

Pescanova EBIT Related Terms

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Pescanova (XMAD:PVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pescanova SA (XMAD:PVA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PNV:Germany

Address

Rua Jose Fernandez Lopez, Pontevedra, ESP, 36320

Website

http://www.pescanova.com

Pescanova SA through its engages in the fishing business. It is involved in the aquafarming and industrial exploitation of sea products. Its main activities include production, processing and distribution of fish as food products.

Pescanova (XMAD:PVA) Headlines

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