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Made Tech Group (LSE:MTEC) EBIT : £0.29 Mil (TTM As of Nov. 2023)


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What is Made Tech Group EBIT?

Made Tech Group's earnings before interest and taxes (EBIT) for the six months ended in Nov. 2023 was £0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was £0.29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Made Tech Group's annualized ROC % for the quarter that ended in Nov. 2023 was 2.57%. Made Tech Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 12.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Made Tech Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 1.71%.

Made Tech Group EBIT Historical Data

The historical data trend for Made Tech 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.

Made Tech Group EBIT Chart

Made Tech Group Annual Data
Trend May19 May20 May21 May22 May23
EBIT
0.51 0.39 -0.78 -0.26 -1.51

Made Tech Group Semi-Annual Data
May19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
EBIT Get a 7-Day Free Trial Premium Member Only 0.14 -0.40 -1.70 0.19 0.10

Competitive Comparison of Made Tech Group's EBIT

For the Information Technology Services subindustry, Made Tech 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.

Made Tech Group's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Made Tech Group's EV-to-EBIT distribution charts can be found below:

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


Made Tech 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.29 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.

Made Tech Group  (LSE:MTEC) EBIT Explanation

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

Made Tech Group's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

ROC % (Q: Nov. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2023 ) + Invested Capital (Q: Nov. 2023 ))/ count )
=0.192 * ( 1 - 0% )/( (7.974 + 6.978)/ 2 )
=0.192/7.476
=2.57 %

where

Invested Capital(Q: May. 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))
=20.179 - 3.731 - ( 8.474 - max(0, 4.876 - 14.667+8.474))
=7.974

Invested Capital(Q: Nov. 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))
=19.982 - 5.126 - ( 7.878 - max(0, 5.173 - 15.166+7.878))
=6.978

Note: The Operating Income data used here is two times the semi-annual (Nov. 2023) data.

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

Made Tech Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.192/( ( (0.499 + max(-0.432, 0)) + (0.312 + max(2.162, 0)) )/ 2 )
=0.192/( ( 0.499 + 2.474 )/ 2 )
=0.192/1.4865
=12.92 %

where Working Capital is:

Working Capital(Q: May. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.304 + 0 + 0) - (3.731 + 0 + 1.005)
=-0.432

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.288 + 0 + 0) - (5.126 + 0 + 0)
=2.162

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Nov. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Nov. 2023 )
=0.287/16.801
=1.71 %

* 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.

Made Tech Group EBIT Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » EBIT
Comparable Companies
LSE:TRD LSE:MRIT LSE:GST LSE:TIA LSE:CSFS LSE:GRC LSE:MBO LSE:PTY LSE:ACT LSE:TPX ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH CTSH XPAR:CAP FIS CDW
Traded in Other Exchanges
5UH:Germany
Address
4 O’Meara Street, London, GBR, SE1 1TE
Website
https://www.madetech.com
Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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