ME Group International (LSE:MEGP) EBIT : £72.4 Mil (TTM As of Apr. 2024)

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What is ME Group International EBIT?

ME Group International's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2024 was £31.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2024 was £72.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ME Group International's annualized ROC % for the quarter that ended in Apr. 2024 was 23.19%. ME Group International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 51.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ME Group International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 9.30%.

ME Group International EBIT Historical Data

The historical data trend for ME Group International'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.

ME Group International EBIT Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

EBIT

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50.47

43.12

31.50

55.51

69.49

ME Group International Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
EBIT	Get a 7-Day Free Trial															21.08	34.43	28.24	41.25	31.17

Competitive Comparison of ME Group International's EBIT

For the Business Equipment & Supplies subindustry, ME Group International'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.

ME Group International's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ME Group International's EV-to-EBIT distribution charts can be found below:

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

ME Group International 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 Apr. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £72.4 Mil.

ME Group International (LSE:MEGP) EBIT Explanation

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

ME Group International's annualized ROC % for the quarter that ended in Apr. 2024 is calculated as:

	ROC % (Q: Apr. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Apr. 2024 ))	/ count )
=	60.55 * ( 1 - 24.49% )	/	( (208.419	+	185.836)	/ 2 )
=	45.721305	/	197.1275
=	23.19 %

where

	Invested Capital		(Q: Oct. 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	))
=	332.522	-	57.799	-	( 111.091	-	max(0, 102.458	-	168.762	+	111.091	))
=	208.419

	Invested Capital		(Q: Apr. 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	))
=	313.975	-	62.371	-	( 86.384	-	max(0, 93.375	-	159.143	+	86.384	))
=	185.836

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

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

ME Group International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Apr. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	62.342	/	( ( (118.124 + max(-15.817, 0))	+	(122.3 + max(2.013, 0)) )	/	2 )
=	62.342	/	( ( 118.124	+	124.313 )	/	2 )
=	62.342	/	121.2185
=	51.43 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.188	+	32.501	+	16.889)	-	(57.799	+	0	+	12.596)
=	-15.817

	Working Capital		(Q: Apr. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.83	+	37.43	+	23.499)	-	(62.371	+	0	+	8.375)
=	2.013

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2024 )
	=	72.422	/	779.083
	=	9.30 %

ME Group International EBIT Related Terms

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ME Group International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (LSE:MEGP) » Definitions » EBIT

Comparable Companies

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MEGPl:UK PHTM.GB:UK

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company reports its segments and operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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