Masimba Holdings (XZIM:MSHL.ZW) EBIT : ZWG230 Mil (TTM As of Jun. 2024)

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What is Masimba Holdings EBIT?

Masimba Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ZWG135 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ZWG230 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Masimba Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 9.66%. Masimba Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 44.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Masimba Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.26%.

Masimba Holdings EBIT Historical Data

The historical data trend for Masimba Holdings'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.

Masimba Holdings EBIT Chart

Masimba Holdings Annual Data

Trend

Jun09

Jun12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec22

Dec23

EBIT

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19.72

34.63

50.03

362.70

220.80

Masimba Holdings Semi-Annual Data
	Jun09	Jun12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial													31.52	-	125.98	94.82	134.99

Competitive Comparison of Masimba Holdings's EBIT

For the Engineering & Construction subindustry, Masimba Holdings'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.

Masimba Holdings's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Masimba Holdings's EV-to-EBIT distribution charts can be found below:

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

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Masimba Holdings 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 ZWG230 Mil.

Masimba Holdings (XZIM:MSHL.ZW) EBIT Explanation

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

Masimba Holdings'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 )
=	269.978 * ( 1 - 25.71% )	/	( (2148.831	+	2004.917)	/ 2 )
=	200.5666562	/	2076.874
=	9.66 %

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	))
=	2298.987	-	134.64	-	( 73.216	-	max(0, 1439.021	-	1454.537	+	73.216	))
=	2148.831

	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	))
=	2134.358	-	71.42	-	( 58.021	-	max(0, 1144.79	-	1346.08	+	58.021	))
=	2004.917

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:

Masimba Holdings'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 )
=	269.978	/	( ( (633.27 + max(-1265.843, 0))	+	(578.036 + max(-786.429, 0)) )	/	2 )
=	269.978	/	( ( 633.27	+	578.036 )	/	2 )
=	269.978	/	605.653
=	44.58 %

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	+	122.768	+	0)	-	(134.64	+	0	+	1253.971)
=	-1265.843

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	119.391	+	205.042)	-	(71.42	+	0	+	1039.442)
=	-786.429

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:

Masimba Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	229.805	/	88430.000
	=	0.26 %

Masimba Holdings EBIT Related Terms

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Masimba Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masimba Holdings Ltd (XZIM:MSHL.ZW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Tilbury Road, P. O. Box CY490, Willowvale, Harare, ZWE

Website

https://www.masimbagroup.com

Masimba Holdings Ltd is a Zimbabwe-based contracting and industrial company. The principal activities of the company are civil engineering, building contracting, quarry mining and property development. The company is engaged in providing engineering and infrastructure client solutions to the agriculture, commercial, communications, housing, mining, water, and public sectors. The company operates in three main segments. Firstly, there's Contracting, which encompasses civil engineering works such as roads and earthworks, building construction, and fabrication and steel works. Secondly, there's Property Development and Leasing, focused on property development and leasing to both internal business units and third parties. Lastly, there's Quarry Mining segment.

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