Magnit PJSC (MIC:MGNT) EBIT: ₽125,616 Mil (TTM As of Jun. 2023)

What is Magnit PJSC EBIT?

Magnit PJSC MIC:MGNT -4.41% 17 EBIT is ₽125,616 Mil as of Jun. 2023. GuruFocus rates MIC:MGNT with a GF Score™ of 17/100.

Magnit PJSC's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was ₽84,284 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was ₽125,616 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Magnit PJSC's annualized ROC % for the quarter that ended in Jun. 2023 was 8.51%. Magnit PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 22.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Magnit PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 11.10%.

Magnit PJSC (MIC:MGNT) EBIT Explanation

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

Magnit PJSC's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	117869.31 * ( 1 - 20.84% )	/	( (1103769.798	+	1088635.075)	/ 2 )
=	93305.345796	/	1096202.4365
=	8.51 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	1395998.44	-	246629.765	-	( 314912.124	-	max(0, 523022.963	-	568621.84	+	314912.124	))
=	1103769.798

	Invested Capital		(Q: Jun. 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	))
=	1400140.169	-	215050.485	-	( 299454.165	-	max(0, 474427.929	-	570882.538	+	299454.165	))
=	1088635.075

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

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

Magnit PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	168567.296	/	( ( (745323.046 + max(-68489.764, 0))	+	(748035.025 + max(-14087.692, 0)) )	/	2 )
=	168567.296	/	( ( 745323.046	+	748035.025 )	/	2 )
=	168567.296	/	746679.0355
=	22.58 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13878.268	+	219435.679	+	12914.155)	-	(246629.765	+	0	+	68088.101)
=	-68489.764

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5777.91	+	218715.746	+	40709.417)	-	(215050.485	+	0	+	64240.28)
=	-14087.692

When net working capital is negative, 0 is used.

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

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

Magnit PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	125616.248	/	1131423.589
	=	11.10 %

* 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.

Magnit PJSC EBIT Related Terms

Magnit PJSC EBIT Historical Data

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The historical data trend for Magnit PJSC's EBIT can be seen below:

Magnit PJSC EBIT Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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70,495.98

60,361.12

87,474.79

111,529.09

110,669.22

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															50,372.04	61,157.04	69,336.62	41,332.60	84,283.65

MIC:MGNT vs WMT, COST, TGT: EBIT Comparison

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC EV-to-EBIT vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's EV-to-EBIT distribution charts can be found below:

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

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17GF Score

Magnit PJSC MIC:MGNT

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Magnit PJSC 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽125,616 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ₽125,616 Mil mean?

Magnit PJSC (MIC:MGNT) has a EBIT of ₽125,616 Mil as of Jun. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Magnit PJSC.

Is Magnit PJSC's EBIT too high?

Magnit PJSC's current EBIT is ₽125,616 Mil. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Magnit PJSC's EBIT compare to WMT and COST?

Magnit PJSC's EBIT of ₽125,616 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Retail - Defensive company?

A good EBIT depends on the Retail - Defensive industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Magnit PJSC. Magnit PJSC's current EBIT is ₽125,616 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Magnit PJSC stock overvalued right now?

Magnit PJSC (MIC:MGNT) has a current EBIT of ₽125,616 Mil. The current EBIT is ₽125,616 Mil. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current EBIT is ₽125,616 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnit PJSC Business Description

Industry Consumer Defensive Retail - Defensive

Comparable Companies CAI:MASR CAI:OCDI CAI:ZMID CAI:HELI CAI:ACAMD WMT COST MEX:WALMEX TGT BOM:540376 DG DLTR TSX:DOL TSE:7532 BJ LSE:BME OLLI TSE:2651 WAR:PCO PSMT

Address 15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website https://www.magnit.com

Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.

17GF Score

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