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Mongolia Growth Group Ltd  (OTCPK:MNGGF) EBIT: \$1.86 Mil (TTM As of Mar. 2019)

Mongolia Growth Group Ltd's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2019 was \$0.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2019 was \$1.86 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mongolia Growth Group Ltd's annualized ROC % for the quarter that ended in Mar. 2019 was -2.01%. Mongolia Growth Group Ltd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was 66.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mongolia Growth Group Ltd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was 38.74%.

Mongolia Growth Group Ltd  (OTCPK:MNGGF) EBIT  Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mongolia Growth Group Ltd Annual Data

 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 EBIT     4.10 -1.46 -4.32 -2.48 1.41

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 Mar. 2019 was 0.117333333333 (Jun. 2018 ) + 1.77612398343 (Sep. 2018 ) + -0.255284310807 (Dec. 2018 ) + 0.219130955052 (Mar. 2019 ) = \$1.86 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

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

Mongolia Growth Group Ltd's annualized ROC % for the quarter that ended in Mar. 2019 is calculated as:

 ROC % (Q: Mar. 2019 ) = NOPAT / Average Invested Capital = Operating Income*(1-Tax Rate) / ( (Invested Capital (Q: Dec. 2018 ) + Invested Capital (Q: Mar. 2019 )) /2) = -0.385909804801 * ( 1 - 2.94% ) / ( (18.6335218815 + 18.5745269613) /2) = -0.37456405654 / 18.6040244214 = -2.01 %

where

 Invested Capital (Q: Dec. 2018 ) = Book Value of Debt + Book Value of Equity - Cash = Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt + Total Stockholders Equity - Cash = 0 + 0.506847275975 + 21.6187853528 - 3.49211074725 = 18.6335218815

 Invested Capital (Q: Mar. 2019 ) = Book Value of Debt + Book Value of Equity - Cash = Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt + Total Stockholders Equity - Cash = 0 + 0.502580210904 + 21.727619475 - 3.65567272455 = 18.5745269613

Note: The Operating Income data used here is four times the quarterly (Mar. 2019) operating income data.

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

Mongolia Growth Group Ltd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 is calculated as:

 ROC (Joel Greenblatt) % (Q: Mar. 2019 ) = EBIT / Average of (Net fixed Assets + Net Working Capital) = EBIT / Average of (Property, Plant and Equipment + Net Working Capital) Q: Dec. 2018 Q: Mar. 2019 = EBIT / ( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) ) / 2 ) = 0.876523820208 / ( ( (1.334474546 + max(-0.323757070557, 0)) + (1.31553361753 + max(-0.284197143071, 0)) ) / 2 ) = 0.876523820208 / ( ( 1.334474546 + 1.31553361753 ) / 2 ) = 0.876523820208 / 1.32500408176 = 66.15 %

where Working Capital is:

 Working Capital (Q: Dec. 2018 ) = (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities) = (0.0580529919619 + 0 + 0.0290264959809) - (0.381065793391 + 0.0297707651087 + 0) = -0.323757070557

 Working Capital (Q: Mar. 2019 ) = (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities) = (0.0463690075537 + 0 + 0.0545957669583) - (0.385161917583 + 0 + 1.11022302463E-16) = -0.284197143071

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

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

Mongolia Growth Group Ltd's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Mar. 2019 is calculated as:

 Earnings Yield (Joel Greenblatt) % = EBIT (TTM) / Enterprise Value (Q: Mar. 2019 ) = 1.85730396101 / 4.79426748635 = 38.74 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Mongolia Growth Group Ltd  (OTCPK:MNGGF) EBIT  Headlines