Meiko Trans Co (Meiko Trans Co) EBIT : $45.8 Mil (TTM As of Dec. 2023)

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What is Meiko Trans Co EBIT?

Meiko Trans Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $14.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $45.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Meiko Trans Co's annualized ROC % for the quarter that ended in Dec. 2023 was 4.03%. Meiko Trans Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Meiko Trans Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.59%.

Meiko Trans Co EBIT Historical Data

The historical data trend for Meiko Trans Co'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.

Meiko Trans Co EBIT Chart

Meiko Trans Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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53.40

58.84

58.94

51.20

44.29

Meiko Trans Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															7.23	13.19	11.36	14.49	6.71

Competitive Comparison of Meiko Trans Co's EBIT

For the Integrated Freight & Logistics subindustry, Meiko Trans Co'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.

Meiko Trans Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Meiko Trans Co's EV-to-EBIT distribution charts can be found below:

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

Meiko Trans Co 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 quarterly data reported by the company within the most recent 12 months, which was $45.8 Mil.

Meiko Trans Co (GREY:MKOTF) EBIT Explanation

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

Meiko Trans Co'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	43.372 * ( 1 - 27.56% )	/	( (773.384	+	785.633)	/ 2 )
=	31.4186768	/	779.5085
=	4.03 %

where

	Invested Capital		(Q: Sep. 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	))
=	992.55	-	40.858	-	( 178.308	-	max(0, 89.888	-	295.378	+	178.308	))
=	773.384

	Invested Capital		(Q: Dec. 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	))
=	1010.195	-	38.371	-	( 186.191	-	max(0, 83.152	-	306.726	+	186.191	))
=	785.633

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Meiko Trans Co'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	57.956	/	( ( (482.562 + max(45.39, 0))	+	(490.96 + max(51.284, 0)) )	/	2 )
=	57.956	/	( ( 527.952	+	542.244 )	/	2 )
=	57.956	/	535.098
=	10.83 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(86.924	+	0	+	30.146)	-	(40.858	+	0	+	30.822)
=	45.39

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(91.002	+	0	+	29.533)	-	(38.371	+	0	+	30.88)
=	51.284

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Meiko Trans Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	45.751	/	154.603
	=	29.59 %

Meiko Trans Co EBIT Related Terms

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Meiko Trans Co (Meiko Trans Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meiko Trans Co Ltd (GREY:MKOTF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

9357:Japan

Address

4 - 6 entrance 2 - chome, Minato - ku, Nagoya, JPN, 455 - 8650

Website

http://www.meiko-trans.co.jp

Meiko Trans Co Ltd is engaged in providing multi-modal transport services. The company offers various services such as Export, Import, Domestic distribution, Warehousing operations, Port operations, 3rd party logistics, Packaging services, Customs brokerage, Air transport operation, and others.

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