GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Michael Hill International Ltd (ASX:MHJ) » Definitions » EBIT

Michael Hill International (ASX:MHJ) EBIT : A$21.8 Mil (TTM As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Michael Hill International EBIT?

Michael Hill International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$29.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$21.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Michael Hill International's annualized ROC % for the quarter that ended in Dec. 2023 was 7.51%. Michael Hill International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Michael Hill International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.11%.


Michael Hill International EBIT Historical Data

The historical data trend for Michael Hill International'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.

Michael Hill International EBIT Chart

Michael Hill International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.16 6.46 65.67 66.73 50.62

Michael Hill International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.26 13.10 59.50 -7.14 28.97

Competitive Comparison of Michael Hill International's EBIT

For the Luxury Goods subindustry, Michael Hill International'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.


Michael Hill International's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Michael Hill International's EV-to-EBIT distribution charts can be found below:

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



Michael Hill International 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 A$21.8 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.


Michael Hill International  (ASX:MHJ) EBIT Explanation

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

Michael Hill International'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 )
=49.082 * ( 1 - 29.57% )/( (452.05 + 468.989)/ 2 )
=34.5684526/460.5195
=7.51 %

where

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))
=577.447 - 85.654 - ( 22.804 - max(0, 168.291 - 271.204+22.804))
=468.989

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:

Michael Hill International'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 )
=57.938/( ( (195.832 + max(98.512, 0)) + (197.179 + max(120.769, 0)) )/ 2 )
=57.938/( ( 294.344 + 317.948 )/ 2 )
=57.938/306.146
=18.92 %

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)
=(3.475 + 202.2 + 6.169) - (70.831 + 8.748 + 33.753)
=98.512

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.121 + 220.077 + 9.202) - (85.654 + 5.151 + 36.826)
=120.769

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:

Michael Hill International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=21.829/426.865
=5.11 %

* 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.


Michael Hill International EBIT Related Terms

Thank you for viewing the detailed overview of Michael Hill International's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Michael Hill International (ASX:MHJ) Business Description

Traded in Other Exchanges
Address
34 Southgate Avenue, Cannon Hill, QLD, AUS, 4170
Michael Hill International Ltd is an Australia based specialist retail jewellery chain engaged in the sale of jewellery and related services. It operates stores in Australia, New Zealand and Canada. The group derives prime revenue from Australia. The product portfolio of the company includes Rings, Earrings, Pendants and Necklaces, Bracelets, Bangles and other products.

Michael Hill International (ASX:MHJ) Headlines

No Headlines