Mega African Capital (XGHA:MAC) EBIT : GHS Mil (TTM As of Dec. 2022)

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What is Mega African Capital EBIT?

Mega African Capital's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was GHS-1.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mega African Capital's annualized ROC % for the quarter that ended in Dec. 2022 was -0.32%. Mega African Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -1,541.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Mega African Capital EBIT Historical Data

The historical data trend for Mega African Capital'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.

Mega African Capital EBIT Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-1.14

-0.73

-1.06

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
EBIT	-1.14	-0.73	-1.06

Competitive Comparison of Mega African Capital's EBIT

For the Asset Management subindustry, Mega African Capital'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.

Mega African Capital's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mega African Capital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mega African Capital's EV-to-EBIT falls into.

Mega African Capital 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was GHS Mil.

Mega African Capital (XGHA:MAC) EBIT Explanation

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

Mega African Capital's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-0.439 * ( 1 - -0.01% )	/	( (135.238	+	142.938)	/ 2 )
=	-0.4390439	/	139.088
=	-0.32 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	155.844	-	31.497	-	( 69.922	-	max(0, 81.639	-	70.748	+	69.922	))
=	135.238

	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	))
=	197.872	-	68.375	-	( 104.58	-	max(0, 118.302	-	104.861	+	104.58	))
=	142.938

Note: The Operating Income data used here is one times the annual (Dec. 2022) data.

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

Mega African Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.056	/	( ( (0.012 + max(0.11500000000001, 0))	+	(0.01 + max(-118.035, 0)) )	/	2 )
=	-1.056	/	( ( 0.12700000000001	+	0.01 )	/	2 )
=	-1.056	/	0.068500000000006
=	-1,541.61 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.758	+	0	+	0.056000000000012)	-	(31.497	+	0	+	-30.798)
=	0.11500000000001

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.214	+	0	+	0.053000000000011)	-	(68.375	+	0	+	49.927)
=	-118.035

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

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

Mega African Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=		/	64.541
	=	%

Mega African Capital EBIT Related Terms

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Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.