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Metair Investments (JSE:MTA) EBIT : R1,008 Mil (TTM As of Jun. 2024)


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What is Metair Investments EBIT?

Metair Investments's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was R498 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was R1,008 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metair Investments's annualized ROC % for the quarter that ended in Jun. 2024 was 1.48%. Metair Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metair Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 20.81%.


Metair Investments EBIT Historical Data

The historical data trend for Metair Investments'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.

Metair Investments EBIT Chart

Metair Investments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,070.71 454.58 1,097.93 597.89 1,035.83

Metair Investments Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 368.18 229.71 525.82 510.01 498.20

Competitive Comparison of Metair Investments's EBIT

For the Auto Parts subindustry, Metair Investments'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.


Metair Investments's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



Metair Investments 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R1,008 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.


Metair Investments  (JSE:MTA) EBIT Explanation

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

Metair Investments's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=268.27 * ( 1 - 44.77% )/( (9849.272 + 10109.736)/ 2 )
=148.165521/9979.504
=1.48 %

where

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))
=13109.273 - 2291.081 - ( 968.92 - max(0, 5876.557 - 7241.801+968.92))
=9849.272

Invested Capital(Q: Jun. 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))
=13843.743 - 2686.08 - ( 1047.927 - max(0, 6270.076 - 7486.176+1047.927))
=10109.736

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

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

Metair Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=996.398/( ( (4078.258 + max(2248.779, 0)) + (4257.867 + max(3141.374, 0)) )/ 2 )
=996.398/( ( 6327.037 + 7399.241 )/ 2 )
=996.398/6863.139
=14.52 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1770.671 + 3289.551 + 278.084) - (2291.081 + 0 + 798.446)
=2248.779

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2635.224 + 3348.294 + 25.200000000001) - (2686.08 + 0 + 181.264)
=3141.374

When net working capital is negative, 0 is used.

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

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

Metair Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1008.209/4843.877
=20.81 %

* 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.


Metair Investments EBIT Related Terms

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Metair Investments Business Description

Traded in Other Exchanges
Address
114 Oxford Road, Suite 7, Oxford and Glenhove Building, Houghton Estate, Johannesburg, GT, ZAF, 2198
Metair Investments Ltd manufactures energy storage products and automotive components. The energy storage division manufactures batteries for use in automotive applications and the telecoms, utility, mining, retail, and materials sectors. The automotive components division produces original equipment (OE) components used in the assembly of new vehicles, as well as spare parts and other products used in the automotive aftermarket. Some of its automotive component products are e brake pads, shock absorbers, lights, radiators, and air-conditioners. Its geographical segments are South Africa, Turkey & the United Kingdom, and Romania.