Meshulam Levinstein Contracting & Engineering (XTAE:LEVI) EBIT : ₪153.2 Mil (TTM As of Sep. 2024)

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What is Meshulam Levinstein Contracting & Engineering EBIT?

Meshulam Levinstein Contracting & Engineering's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ₪39.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₪153.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Meshulam Levinstein Contracting & Engineering's annualized ROC % for the quarter that ended in Sep. 2024 was 3.29%. Meshulam Levinstein Contracting & Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 58.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Meshulam Levinstein Contracting & Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.18%.

Meshulam Levinstein Contracting & Engineering EBIT Historical Data

The historical data trend for Meshulam Levinstein Contracting & Engineering'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.

Meshulam Levinstein Contracting & Engineering EBIT Chart

Meshulam Levinstein Contracting & Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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182.12

111.62

413.98

376.74

174.83

Meshulam Levinstein Contracting & Engineering Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															47.96	27.46	39.15	46.82	39.73

Competitive Comparison of Meshulam Levinstein Contracting & Engineering's EBIT

For the Engineering & Construction subindustry, Meshulam Levinstein Contracting & Engineering'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.

Meshulam Levinstein Contracting & Engineering's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Meshulam Levinstein Contracting & Engineering's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Meshulam Levinstein Contracting & Engineering's EV-to-EBIT falls into.

Meshulam Levinstein Contracting & Engineering 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪153.2 Mil.

Meshulam Levinstein Contracting & Engineering (XTAE:LEVI) EBIT Explanation

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

Meshulam Levinstein Contracting & Engineering's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	137.232 * ( 1 - 9.2% )	/	( (3761.151	+	3818.925)	/ 2 )
=	124.606656	/	3790.038
=	3.29 %

where

	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	))
=	3677.254	-	194.447	-	( 200.162	-	max(0, 1055.273	-	776.929	+	200.162	))
=	3761.151

	Invested Capital		(Q: Sep. 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	))
=	3775.482	-	200.916	-	( 226.789	-	max(0, 1088.807	-	844.448	+	226.789	))
=	3818.925

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Meshulam Levinstein Contracting & Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	158.9	/	( ( (23.652 + max(222.478, 0))	+	(22.371 + max(275.49, 0)) )	/	2 )
=	158.9	/	( ( 246.13	+	297.861 )	/	2 )
=	158.9	/	271.9955
=	58.42 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.2	+	430.115	+	48.582)	-	(194.447	+	0	+	99.972)
=	222.478

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(57.447	+	433.562	+	60.027)	-	(200.916	+	0	+	74.63)
=	275.49

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Meshulam Levinstein Contracting & Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	153.156	/	4816.730
	=	3.18 %

Meshulam Levinstein Contracting & Engineering EBIT Related Terms

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Meshulam Levinstein Contracting & Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Meshulam Levinstein Contracting & Engineering Ltd (XTAE:LEVI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Menachem Begin Road, Tel Aviv, ISR

Website

http://www.levinstein.co.il

Meshulam Levinstein Contracting & Engineering Ltd is an Israel-based company. It is engaged in the engineering, construction, and real estate businesses. The company constructs and develops office buildings, public buildings, and buildings for the hi-tech industry, housing units, apartment buildings, and residential neighborhoods, and shopping centers and commercial buildings. It also focuses on infrastructure work, bridge building, and construction contracting activities.