Freightways Group (Freightways Group) EBIT : $46.3 Mil (TTM As of Dec. 2023)

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What is Freightways Group EBIT?

Freightways Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $46.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $46.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Freightways Group's annualized ROC % for the quarter that ended in Dec. 2023 was 8.12%. Freightways Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 30.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Freightways Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.15%.

Freightways Group EBIT Historical Data

The historical data trend for Freightways 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.

Freightways Group EBIT Chart

Freightways Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

EBIT

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65.57

64.07

54.62

63.10

68.75

Freightways Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
EBIT	Get a 7-Day Free Trial															28.98	47.89	23.91	47.90	46.28

Competitive Comparison of Freightways Group's EBIT

For the Integrated Freight & Logistics subindustry, Freightways 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.

Freightways Group's EV-to-EBIT Distribution in the Transportation Industry

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

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

Freightways 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 $46.3 Mil.

Freightways Group (OTCPK:FTWYF) EBIT Explanation

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

Freightways 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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	92.556 * ( 1 - 28.53% )	/	( (827.928	+	800.978)	/ 2 )
=	66.1497732	/	814.453
=	8.12 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	884.91	-	88.573	-	( 41.416	-	max(0, 180.269	-	148.678	+	41.416	))
=	827.928

	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	))
=	884.947	-	90.86	-	( 21.213	-	max(0, 143.642	-	136.751	+	21.213	))
=	800.978

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:

Freightways 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: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	92.556	/	( ( (290.593 + max(-2.229, 0))	+	(316.498 + max(2.249, 0)) )	/	2 )
=	92.556	/	( ( 290.593	+	318.747 )	/	2 )
=	92.556	/	304.67
=	30.38 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(99.389	+	6.34	+	1.533)	-	(88.573	+	9.728	+	11.19)
=	-2.229

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(107.658	+	6.568	+	1.312)	-	(90.86	+	11.543	+	10.886)
=	2.249

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	46.278	/	2153.166
	=	2.15 %

Freightways Group EBIT Related Terms

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Freightways Group (Freightways Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightways Group Ltd (OTCPK:FTWYF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FRW:New Zealand FRW:Australia

Address

32 Botha Road, Penrose, Auckland, NTL, NZL, DX CX10120

Website

https://www.freightways.co.nz

Freightways Ltd is a provider of express package services throughout New Zealand. The company is organized into three reportable segments: Express Package and Business Mail, Information Management and Corporate and others. The Express Package and Business Mail segment cover network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.

Freightways Group (Freightways Group) Headlines

From GuruFocus

David Herro Comments on Freightways

By Sydnee Gatewood Sydnee Gatewood • 01-11-2021