Marlborough Wine Estates Group (NZSE:MWE) EBIT : NZ$-2.84 Mil (TTM As of Jun. 2024)

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What is Marlborough Wine Estates Group EBIT?

Marlborough Wine Estates Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was NZ$-2.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was NZ$-2.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marlborough Wine Estates Group's annualized ROC % for the quarter that ended in Jun. 2024 was -14.13%. Marlborough Wine Estates Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -11.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marlborough Wine Estates Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -11.09%.

Marlborough Wine Estates Group EBIT Historical Data

The historical data trend for Marlborough Wine Estates 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.

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Marlborough Wine Estates Group EBIT Chart

Marlborough Wine Estates Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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0.27

-0.56

0.74

0.87

-2.84

Marlborough Wine Estates Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial												1.09	-0.14	1.01	-0.71	-2.14

Competitive Comparison of Marlborough Wine Estates Group's EBIT

For the Beverages - Wineries & Distilleries subindustry, Marlborough Wine Estates 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.

Marlborough Wine Estates Group's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Marlborough Wine Estates Group's EV-to-EBIT distribution charts can be found below:

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

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Marlborough Wine Estates 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 NZ$-2.84 Mil.

Marlborough Wine Estates Group (NZSE:MWE) EBIT Explanation

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

Marlborough Wine Estates 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 )
=	-5.47 * ( 1 - -0.87% )	/	( (41.613	+	36.483)	/ 2 )
=	-5.517589	/	39.048
=	-14.13 %

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	))
=	42.555	-	0.75	-	( 0.192	-	max(0, 2.146	-	8.373	+	0.192	))
=	41.613

	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	))
=	37.931	-	1.022	-	( 0.426	-	max(0, 1.497	-	7.492	+	0.426	))
=	36.483

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:

Marlborough Wine Estates 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 )
=	-4.27	/	( ( (34.075 + max(7.202, 0))	+	(30.339 + max(5.75, 0)) )	/	2 )
=	-4.27	/	( ( 41.277	+	36.089 )	/	2 )
=	-4.27	/	38.683
=	-11.04 %

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)
=	(0.549	+	5.121	+	2.511)	-	(0.75	+	0.053	+	0.176)
=	7.202

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.249	+	5.732	+	0.085)	-	(1.022	+	0	+	0.294)
=	5.75

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-2.84	/	25.617
	=	-11.09 %

Marlborough Wine Estates Group EBIT Related Terms

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Marlborough Wine Estates Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Marlborough Wine Estates Group Ltd (NZSE:MWE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-7 Kingdon Street, Level 6, Newmarket, Central, Auckland, NTL, NZL

Website

https://www.nzmwe.com

Marlborough Wine Estates Group Ltd is a New Zealand-based company engaged in vineyard maintenance, grape production, and winemaking. It operates under the brand names of OTU Estates and Music Bay. The group operates in various geographical areas including New Zealand and Oceania; United States; UK/Europe; Australasia and Others. It derives a majority of its revenue from New Zealand and Oceania.