Meito Transportation Co (FRA:MTD) EBIT : €6.8 Mil (TTM As of Jun. 2015)

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What is Meito Transportation Co EBIT?

Meito Transportation Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2015 was €4.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was €6.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Meito Transportation Co's annualized ROC % for the quarter that ended in Jun. 2015 was 6.06%. Meito Transportation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 14.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Meito Transportation Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 12.65%.

Meito Transportation Co EBIT Historical Data

The historical data trend for Meito Transportation 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.

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Meito Transportation Co EBIT Chart

Meito Transportation Co Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

EBIT

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3.17

4.59

7.62

3.90

4.86

Meito Transportation Co Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
EBIT	Get a 7-Day Free Trial															1.67	3.20	1.07	-1.53	4.09

Competitive Comparison of Meito Transportation Co's EBIT

For the Trucking subindustry, Meito Transportation 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.

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

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

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

Meito Transportation 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 Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €6.8 Mil.

Meito Transportation Co (FRA:MTD) EBIT Explanation

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

Meito Transportation Co's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2015 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	14.636 * ( 1 - 15.26% )	/	( (205.188	+	203.931)	/ 2 )
=	12.4025464	/	204.5595
=	6.06 %

where

	Invested Capital		(Q: Mar. 2015 )
=	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	))
=	227.345	-	30.25	-	( 19.943	-	max(0, 79.286	-	71.193	+	19.943	))
=	205.188

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	218.656	-	23.103	-	( 18.561	-	max(0, 78.906	-	70.528	+	18.561	))
=	203.931

Note: The Operating Income data used here is four times the quarterly (Jun. 2015) data.

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

Meito Transportation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2015		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	16.372	/	( ( (112.545 + max(3.221, 0))	+	(105.77 + max(7.042, 0)) )	/	2 )
=	16.372	/	( ( 115.766	+	112.812 )	/	2 )
=	16.372	/	114.289
=	14.33 %

where Working Capital is:

	Working Capital		(Q: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(45.411	+	0.299	+	5.54)	-	(30.25	+	0	+	17.779)
=	3.221

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(46.507	+	0.201	+	5.259)	-	(23.103	+	0	+	21.822)
=	7.042

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	6.829	/	53.971
	=	12.65 %

Meito Transportation Co EBIT Related Terms

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Meito Transportation Co (FRA:MTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meito Transportation Co Ltd (FRA:MTD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.meiun.co.jp

Meito Transportation Co., Ltd. operates as a food distribution company in Japan. Its services include general truck transport, truck transport forwarding, and truck repair.