Electricite et Eaux de Madagascar (XPAR:EEM) EBIT : €-3.21 Mil (TTM As of Jun. 2023)

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What is Electricite et Eaux de Madagascar EBIT?

Electricite et Eaux de Madagascar's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-1.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-3.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Electricite et Eaux de Madagascar's annualized ROC % for the quarter that ended in Jun. 2023 was -8.05%. Electricite et Eaux de Madagascar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -157.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Electricite et Eaux de Madagascar's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -18.30%.

Electricite et Eaux de Madagascar EBIT Historical Data

The historical data trend for Electricite et Eaux de Madagascar'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.

Electricite et Eaux de Madagascar EBIT Chart

Electricite et Eaux de Madagascar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-1.28

-1.67

-2.35

-1.78

-3.02

Electricite et Eaux de Madagascar 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															-0.38	-1.40	-1.46	-1.56	-1.65

Competitive Comparison of Electricite et Eaux de Madagascar's EBIT

For the Asset Management subindustry, Electricite et Eaux de Madagascar'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.

Electricite et Eaux de Madagascar's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Electricite et Eaux de Madagascar's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Electricite et Eaux de Madagascar's EV-to-EBIT falls into.

Electricite et Eaux de Madagascar 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 €-3.21 Mil.

Electricite et Eaux de Madagascar (XPAR:EEM) EBIT Explanation

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

Electricite et Eaux de Madagascar'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 )
=	-2.408 * ( 1 - 37.73% )	/	( (22.661	+	14.581)	/ 2 )
=	-1.4994616	/	18.621
=	-8.05 %

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	))
=	18.578	-	0.952	-	( 0.43	-	max(0, 6.741	-	1.706	+	0.43	))
=	22.661

	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	))
=	19.527	-	1.302	-	( 4.388	-	max(0, 2.026	-	5.67	+	4.388	))
=	14.581

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:

Electricite et Eaux de Madagascar'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 )
=	-3.296	/	( ( (0.036 + max(-3.471, 0))	+	(0.028 + max(4.132, 0)) )	/	2 )
=	-3.296	/	( ( 0.036	+	4.16 )	/	2 )
=	-3.296	/	2.098
=	-157.10 %

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)
=	(2.452	+	0	+	0.051)	-	(0.952	+	0	+	5.022)
=	-3.471

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.079	+	0	+	0.047)	-	(1.302	+	0	+	0.692)
=	4.132

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:

Electricite et Eaux de Madagascar's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-3.212	/	17.552
	=	-18.30 %

Electricite et Eaux de Madagascar EBIT Related Terms

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Electricite et Eaux de Madagascar (XPAR:EEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Electricite et Eaux de Madagascar (XPAR:EEM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 avenue Victor Hugo, Paris, FRA, 75116

Website

http://www.eem-group.com

Electricite et Eaux de Madagascar is an international investment company. The company is present in the hotel industry in Cambodia and real estate in the Paris region holds a majority stake in Gascogne and a stake in the Societe Francaise de Casinos.