Mingteng International (Mingteng International) EBIT : $1.91 Mil (TTM As of Dec. 2023)

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What is Mingteng International EBIT?

Mingteng International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.91 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mingteng International's annualized ROC % for the quarter that ended in Dec. 2023 was 27.25%. Mingteng International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 45.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mingteng International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.16%.

Mingteng International EBIT Historical Data

The historical data trend for Mingteng 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.

Mingteng International EBIT Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

2.11

3.04

2.52

1.91

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			1.26	1.15	1.36	0.70	1.22

Competitive Comparison of Mingteng International's EBIT

For the Metal Fabrication subindustry, Mingteng 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.

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

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

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

Mingteng 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.91 Mil.

Mingteng International (NAS:MTEN) EBIT Explanation

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

Mingteng International's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2.372 * ( 1 - 20.12% )	/	( (6.552	+	7.354)	/ 2 )
=	1.8947536	/	6.953
=	27.25 %

where

	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	))
=	10.23	-	2.088	-	( 1.59	-	max(0, 3.669	-	6.733	+	1.59	))
=	6.552

	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	))
=	10.713	-	2.303	-	( 1.056	-	max(0, 3.02	-	6.663	+	1.056	))
=	7.354

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

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

Mingteng International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.43	/	( ( (2.845 + max(2.148, 0))	+	(3.335 + max(2.419, 0)) )	/	2 )
=	2.43	/	( ( 4.993	+	5.754 )	/	2 )
=	2.43	/	5.3735
=	45.22 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.745	+	1.29	+	0.288)	-	(2.088	+	0.088	+	-0.00099999999999989)
=	2.148

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.518	+	1.217	+	0.389)	-	(2.303	+	0.402	+	0)
=	2.419

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.911	/	26.696
	=	7.16 %

Mingteng International EBIT Related Terms

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Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

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