MDM Engineering Group (LSE:MDM) EBIT : £7.50 Mil (TTM As of Mar. 2014)

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What is MDM Engineering Group EBIT?

MDM Engineering Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2014 was £4.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2014 was £7.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MDM Engineering Group's annualized ROC % for the quarter that ended in Mar. 2014 was 100.13%. MDM Engineering Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2014 was 375.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MDM Engineering Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2014 was 11.94%.

MDM Engineering Group EBIT Historical Data

The historical data trend for MDM Engineering 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.

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MDM Engineering Group EBIT Chart

MDM Engineering Group Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

EBIT

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3.68

-1.22

4.95

13.53

7.36

MDM Engineering Group Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14
EBIT	2.85	5.00	8.18	3.16	4.34

Competitive Comparison of MDM Engineering Group's EBIT

For the Specialty Business Services subindustry, MDM Engineering 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.

MDM Engineering Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MDM Engineering Group's EV-to-EBIT distribution charts can be found below:

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

MDM Engineering 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 Mar. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £7.50 Mil.

MDM Engineering Group (LSE:MDM) EBIT Explanation

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

MDM Engineering Group's annualized ROC % for the quarter that ended in Mar. 2014 is calculated as:

	ROC % (Q: Mar. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2013 )	+	Invested Capital (Q: Mar. 2014 ))	/ count )
=	8.292 * ( 1 - 1.18% )	/	( (5.689	+	10.678)	/ 2 )
=	8.1941544	/	8.1835
=	100.13 %

where

	Invested Capital		(Q: Sep. 2013 )
=	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	))
=	31.132	-	11.088	-	( 20.172	-	max(0, 16.166	-	30.521	+	20.172	))
=	5.689

	Invested Capital		(Q: Mar. 2014 )
=	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	))
=	27.977	-	6.086	-	( 11.213	-	max(0, 11.886	-	27.035	+	11.213	))
=	10.678

Note: The Operating Income data used here is two times the semi-annual (Mar. 2014) data.

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

MDM Engineering Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2013		Q: Mar. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	8.674	/	( ( (0.392 + max(-5.808, 0))	+	(0.286 + max(3.941, 0)) )	/	2 )
=	8.674	/	( ( 0.392	+	4.227 )	/	2 )
=	8.674	/	2.3095
=	375.58 %

where Working Capital is:

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.829	+	0	+	1.52)	-	(11.088	+	0	+	5.069)
=	-5.808

	Working Capital		(Q: Mar. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.592	+	0	+	4.23)	-	(6.086	+	0	+	5.795)
=	3.941

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2014 )
	=	7.501	/	62.820
	=	11.94 %

MDM Engineering Group EBIT Related Terms

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MDM Engineering Group (LSE:MDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MDM Engineering Group Ltd (LSE:MDM) » Definitions » EBIT

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Address

Website

http://www.mdm-engineering.com

MDM Engineering Group Ltd is engaged in the mineral process engineering and project management. The company has operations in the South Africa.

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