GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (OTCPK:MNTHY) » Definitions » EBIT

MNTHY (Minth Group) EBIT : $432 Mil (TTM As of Jun. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Minth Group EBIT?

Minth Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $215 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $432 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Minth Group's annualized ROC % for the quarter that ended in Jun. 2024 was 8.21%. Minth Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Minth Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 15.94%.


Minth Group EBIT Historical Data

The historical data trend for Minth 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.

Minth Group EBIT Chart

Minth Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 322.10 294.71 331.14 292.94 396.48

Minth Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 140.27 158.23 179.93 216.02 215.50

Competitive Comparison of Minth Group's EBIT

For the Auto Parts subindustry, Minth 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.


Minth Group's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minth Group's EV-to-EBIT distribution charts can be found below:

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



Minth 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $432 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.


Minth Group  (OTCPK:MNTHY) EBIT Explanation

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

Minth Group'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 )
=366.264 * ( 1 - 15.4% )/( (3773.116 + 3775.511)/ 2 )
=309.859344/3774.3135
=8.21 %

where

Invested Capital(Q: Dec. 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))
=5258.579 - 1012.647 - ( 665.267 - max(0, 1977.171 - 2449.987+665.267))
=3773.116

Invested Capital(Q: Jun. 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))
=5317.568 - 1026.181 - ( 830.55 - max(0, 1966.102 - 2481.978+830.55))
=3775.511

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:

Minth Group'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 )
=430.998/( ( (2447.816 + max(543.198, 0)) + (2421.698 + max(410.189, 0)) )/ 2 )
=430.998/( ( 2991.014 + 2831.887 )/ 2 )
=430.998/2911.4505
=14.80 %

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)
=(663.851 + 557.716 + 476.561) - (1012.647 + 0 + 142.283)
=543.198

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(680.197 + 574.88 + 327.409) - (1026.181 + 0 + 146.116)
=410.189

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=431.523/2707.378
=15.94 %

* 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.


Minth Group EBIT Related Terms

Thank you for viewing the detailed overview of Minth Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Minth Group Business Description

Traded in Other Exchanges
Address
No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006
Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, Mexico, the United Kingdom, the Republic of Korea, France, Czech, Canada, and Poland. Geographically the company generates the majority of its revenue from PRC.

Minth Group Headlines

From GuruFocus

Value Partners Buys Minth Group

By Kyle Ferguson Kyle Ferguson 08-30-2016

Matthews China Fund 4th Quarter 2017 Commentary

By Holly LaFon Holly LaFon 01-24-2018