MingZhu Logistics Holdings (MingZhu Logistics Holdings) EBIT : $1.08 Mil (TTM As of Dec. 2023)

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What is MingZhu Logistics Holdings EBIT?

MingZhu Logistics Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MingZhu Logistics Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 4.53%. MingZhu Logistics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 68.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MingZhu Logistics Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.63%.

MingZhu Logistics Holdings EBIT Historical Data

The historical data trend for MingZhu Logistics Holdings'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.

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MingZhu Logistics Holdings EBIT Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2.84

1.52

-0.41

0.96

1.08

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							-0.33	2.79	-1.83	-0.43	1.52

Competitive Comparison of MingZhu Logistics Holdings's EBIT

For the Trucking subindustry, MingZhu Logistics Holdings'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.

MingZhu Logistics Holdings's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's EV-to-EBIT distribution charts can be found below:

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

MingZhu Logistics Holdings 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 $1.08 Mil.

MingZhu Logistics Holdings (NAS:YGMZ) EBIT Explanation

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

MingZhu Logistics Holdings'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 )
=	3.502 * ( 1 - 20.89% )	/	( (58.641	+	63.777)	/ 2 )
=	2.7704322	/	61.209
=	4.53 %

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	))
=	114.303	-	52.212	-	( 4.307	-	max(0, 66.976	-	70.426	+	4.307	))
=	58.641

	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	))
=	127.354	-	62.411	-	( 3.676	-	max(0, 82.676	-	83.842	+	3.676	))
=	63.777

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:

MingZhu Logistics Holdings'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 )
=	3.032	/	( ( (7.339 + max(-26.049, 0))	+	(1.463 + max(-13.582, 0)) )	/	2 )
=	3.032	/	( ( 7.339	+	1.463 )	/	2 )
=	3.032	/	4.401
=	68.89 %

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)
=	(15.497	+	0	+	10.667)	-	(52.212	+	0	+	0.00099999999999056)
=	-26.049

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.567	+	0	+	17.262)	-	(62.411	+	0	+	0)
=	-13.582

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:

MingZhu Logistics Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.084	/	29.845
	=	3.63 %

MingZhu Logistics Holdings EBIT Related Terms

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.