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Zenova Group (LSE:ZED) EBIT : £-1.92 Mil (TTM As of May. 2024)


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What is Zenova Group EBIT?

Zenova Group's earnings before interest and taxes (EBIT) for the six months ended in May. 2024 was £-0.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2024 was £-1.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zenova Group's annualized ROC % for the quarter that ended in May. 2024 was -37.08%. Zenova Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 was -1,349.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zenova Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2024 was -165.21%.

Zenova Group EBIT Historical Data

The historical data trend for Zenova Group'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.

Zenova Group EBIT Chart

Zenova Group Annual Data
Trend Nov20 Nov21 Nov22 Nov23
EBIT
- -1.14 -2.02 -2.05

Zenova Group Semi-Annual Data
May21 Nov21 May22 Nov22 May23 Nov23 May24
EBIT Get a 7-Day Free Trial -1.04 -0.98 -0.71 -1.34 -0.59

Competitive Comparison of Zenova Group's EBIT

For the Specialty Chemicals subindustry, Zenova Group'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.

Zenova Group's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zenova Group's EV-to-EBIT distribution charts can be found below:

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


Zenova Group 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.92 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.

Zenova Group  (LSE:ZED) EBIT Explanation

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

Zenova Group's annualized ROC % for the quarter that ended in May. 2024 is calculated as:

ROC % (Q: May. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2023 ) + Invested Capital (Q: May. 2024 ))/ count )
=-1.174 * ( 1 - 22.53% )/( (2.48 + 2.425)/ 2 )
=-0.9094978/2.4525
=-37.08 %

where

Invested Capital(Q: Nov. 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))
=2.847 - 0.629 - ( 0.098 - max(0, 0.668 - 0.406+0.098))
=2.48

Invested Capital(Q: May. 2024 )
=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))
=2.937 - 0.578 - ( 0.037 - max(0, 0.578 - 0.512+0.037))
=2.425

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

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

Zenova Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: May. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.174/( ( (0.095 + max(-0.447, 0)) + (0.079 + max(-0.103, 0)) )/ 2 )
=-1.174/( ( 0.095 + 0.079 )/ 2 )
=-1.174/0.087
=-1,349.43 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.066 + 0.155 + 0) - (0.629 + 0 + 0.039)
=-0.447

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.208 + 0.267 + 0) - (0.578 + 0 + 0)
=-0.103

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: May. 2024 )
=-1.923/1.164
=-165.21 %

* 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.

Zenova Group EBIT Related Terms

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Zenova Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » EBIT
Comparable Companies
LSE:BIOM LSE:HAYD LSE:HDD LSE:VRS LSE:ITX LSE:DCTA LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN LYB PPG ADX:BOROUGE IFF
Traded in Other Exchanges
N/A
Address
172 Arlington Road, London, GBR, NW1 7HL
Website
https://www.zenovagroup.com
Zenova Group PLC is engaged in the development, manufacture, and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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