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Combined Motor Holdings (JSE:CMH) EBIT : R760 Mil (TTM As of Aug. 2024)


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What is Combined Motor Holdings EBIT?

Combined Motor Holdings's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2024 was R313 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was R760 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Combined Motor Holdings's annualized ROC % for the quarter that ended in Aug. 2024 was 13.69%. Combined Motor Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 29.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 23.30%.


Combined Motor Holdings EBIT Historical Data

The historical data trend for Combined Motor Holdings'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.

Combined Motor Holdings EBIT Chart

Combined Motor Holdings Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 456.02 370.98 634.46 813.20 836.97

Combined Motor Holdings Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 388.07 425.13 389.76 447.21 312.76

Competitive Comparison of Combined Motor Holdings's EBIT

For the Auto & Truck Dealerships subindustry, Combined Motor Holdings'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.


Combined Motor Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Combined Motor Holdings's EV-to-EBIT falls into.



Combined Motor Holdings 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R760 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.


Combined Motor Holdings  (JSE:CMH) EBIT Explanation

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

Combined Motor Holdings's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=560.304 * ( 1 - 24.21% )/( (3252.985 + 2949.404)/ 2 )
=424.6544016/3101.1945
=13.69 %

where

Invested Capital(Q: Feb. 2024 )
=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))
=5185.446 - 1770.458 - ( 815.105 - max(0, 3029.045 - 3191.048+815.105))
=3252.985

Invested Capital(Q: Aug. 2024 )
=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))
=4938.139 - 1923.613 - ( 673.82 - max(0, 3076.63 - 3141.752+673.82))
=2949.404

Note: The Operating Income data used here is two times the semi-annual (Aug. 2024) data.

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

Combined Motor Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=625.512/( ( (1830.375 + max(304.983, 0)) + (1610.543 + max(542.756, 0)) )/ 2 )
=625.512/( ( 2135.358 + 2153.299 )/ 2 )
=625.512/2144.3285
=29.17 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(300.551 + 1966.346 + 21.695) - (1770.458 + 0 + 213.151)
=304.983

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(436.871 + 2028.482 + 2.5789999999997) - (1923.613 + 0 + 1.5630000000001)
=542.756

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2024) EBIT data.

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

Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2024 )
=759.969/3262.307
=23.30 %

* 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.


Combined Motor Holdings EBIT Related Terms

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Combined Motor Holdings Business Description

Traded in Other Exchanges
N/A
Address
1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319
Combined Motor Holdings Ltd is a South Africa-based investment holding company. The company with its subsidiaries is engaged in retail motor, car hire, and financial services. The company operates in four business segments namely Motor retail and distribution segment which comprises of retail motor dealerships of Volvo, Land Rover, Jaguar, Honda, Ford, Mazda, General Motors, Lexus, Mitsubishi, Volkswagen, Toyota, and Morris Garages, among others which also contributes a majority part of revenue; Car Hire segment; Financial services segment and, Corporate services and others segment. The majority of its revenue is earned from the South African market.

Combined Motor Holdings Headlines

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