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MGIH (Millennium Group International Holdings) EBIT : $-7.60 Mil (TTM As of Jun. 2024)


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What is Millennium Group International Holdings EBIT?

Millennium Group International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $-7.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-7.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Millennium Group International Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -49.22%. Millennium Group International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -64.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Millennium Group International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -68.98%.


Millennium Group International Holdings EBIT Historical Data

The historical data trend for Millennium Group International 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.

Millennium Group International Holdings EBIT Chart

Millennium Group International Holdings Annual Data
Trend Jun21 Jun22 Jun23 Jun24
EBIT
4.91 5.40 0.25 -7.60

Millennium Group International Holdings Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 2.68 1.38 -1.13 -0.57 -7.03

Competitive Comparison of Millennium Group International Holdings's EBIT

For the Packaging & Containers subindustry, Millennium Group International 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.


Millennium Group International Holdings's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Millennium Group International Holdings's EV-to-EBIT distribution charts can be found below:

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



Millennium Group International 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-7.60 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.


Millennium Group International Holdings  (NAS:MGIH) EBIT Explanation

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

Millennium Group International Holdings'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 )
=-12.994 * ( 1 - -4.76% )/( (31.289 + 24.02)/ 2 )
=-13.6125144/27.6545
=-49.22 %

where

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:

Millennium Group International Holdings'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 )
=-14.064/( ( (13.313 + max(11.078, 0)) + (11.268 + max(7.738, 0)) )/ 2 )
=-14.064/( ( 24.391 + 19.006 )/ 2 )
=-14.064/21.6985
=-64.82 %

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)
=(12.067 + 5.15 + -7.105427357601E-15) - (6.139 + 0 + 0)
=11.078

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.463 + 3.715 + 0.893) - (6.27 + 0.063 + 0)
=7.738

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-7.604/11.024
=-68.98 %

* 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.


Millennium Group International Holdings EBIT Related Terms

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Millennium Group International Holdings Business Description

Traded in Other Exchanges
N/A
Address
Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077
Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products, Packaging products supply chain management solutions and corrugated products.

Millennium Group International Holdings Headlines