Millennium Services Group (ASX:MIL) EBIT : A$5.4 Mil (TTM As of Dec. 2023)

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What is Millennium Services Group EBIT?

Millennium Services Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$2.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$5.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Millennium Services Group's annualized ROC % for the quarter that ended in Dec. 2023 was 6.13%. Millennium Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 50.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Millennium Services Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.27%.

Millennium Services Group EBIT Historical Data

The historical data trend for Millennium Services 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.

Millennium Services Group EBIT Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-39.89

14.22

20.43

3.42

2.65

Millennium Services Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial										3.42	-	-0.05	2.70	2.66

Competitive Comparison of Millennium Services Group's EBIT

For the Specialty Business Services subindustry, Millennium Services 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.

Millennium Services Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Millennium Services Group's EV-to-EBIT distribution charts can be found below:

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

Millennium Services 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$5.4 Mil.

Millennium Services Group (ASX:MIL) EBIT Explanation

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

Millennium Services Group'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 )
=	5.174 * ( 1 - 33.29% )	/	( (52.945	+	59.644)	/ 2 )
=	3.4515754	/	56.2945
=	6.13 %

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	))
=	50.597	-	17.939	-	( 3.272	-	max(0, 43.365	-	23.078	+	3.272	))
=	52.945

	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	))
=	67.704	-	28.275	-	( 2.132	-	max(0, 59.095	-	38.88	+	2.132	))
=	59.644

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:

Millennium Services Group'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 )
=	5.328	/	( ( (10.38 + max(-19.146, 0))	+	(10.64 + max(-14.074, 0)) )	/	2 )
=	5.328	/	( ( 10.38	+	10.64 )	/	2 )
=	5.328	/	10.51
=	50.69 %

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)
=	(15.099	+	1.619	+	2.186)	-	(17.939	+	0.268	+	19.843)
=	-19.146

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.987	+	1.896	+	2.865)	-	(28.275	+	1.422	+	21.125)
=	-14.074

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5.367	/	64.862
	=	8.27 %

Millennium Services Group EBIT Related Terms

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Millennium Services Group (ASX:MIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Millennium Services Group Ltd (ASX:MIL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

Millennium Services Group (ASX:MIL) Headlines

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