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National Tyre Services (XZIM:NTS.ZW) EBIT : ZWL101,036 Mil (TTM As of Mar. 2024)


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What is National Tyre Services EBIT?

National Tyre Services's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ZWL101,036 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ZWL101,036 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Tyre Services's annualized ROC % for the quarter that ended in Mar. 2024 was -10.57%. National Tyre Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 44.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National Tyre Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 183.94%.


National Tyre Services EBIT Historical Data

The historical data trend for National Tyre Services'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.

National Tyre Services EBIT Chart

National Tyre Services Annual Data
Trend Mar09 Mar11 Mar12 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.59 71.99 1,458.00 3,682.36 101,036.12

National Tyre Services Semi-Annual Data
Mar09 Mar11 Mar12 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.59 71.99 1,458.00 3,682.36 101,036.12

Competitive Comparison of National Tyre Services's EBIT

For the Auto Parts subindustry, National Tyre Services'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.


National Tyre Services's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, National Tyre Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where National Tyre Services's EV-to-EBIT falls into.


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National Tyre Services 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 Mar. 2024 was ZWL101,036 Mil.

* 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.


National Tyre Services  (XZIM:NTS.ZW) EBIT Explanation

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

National Tyre Services's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-25925.771 * ( 1 - -4.23% )/( (14162.149 + 496926.325)/ 2 )
=-27022.4311133/255544.237
=-10.57 %

where

Invested Capital(Q: Mar. 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))
=14535.66 - 1270.823 - ( 35.201 - max(0, 2289.542 - 1392.23+35.201))
=14162.149

Invested Capital(Q: Mar. 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))
=516949.282 - 17980.07 - ( 2042.887 - max(0, 44429.015 - 114149.243+2042.887))
=496926.325

Note: The Operating Income data used here is one times the annual (Mar. 2024) data.

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

National Tyre Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=101036.118/( ( (11336.694 + max(71.693, 0)) + (347307.669 + max(94126.286, 0)) )/ 2 )
=101036.118/( ( 11408.387 + 441433.955 )/ 2 )
=101036.118/226421.171
=44.62 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.012 + 1113.074 + 152.43) - (1270.823 + 0 + -4.5474735088646E-13)
=71.693

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5069.67 + 106974.117 + 62.569000000003) - (17980.07 + 0 + 0)
=94126.286

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

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

National Tyre Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=101036.118/54927.791
=183.94 %

* 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.


National Tyre Services EBIT Related Terms

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National Tyre Services Business Description

Traded in Other Exchanges
N/A
Address
Corner Cripps and Seke Roads, P.O. Box 3018, Stand No. 4608, Graniteside, Harare, ZWE
National Tyre Services Ltd is engaged in reprocessing and the retailing of tyres. The company is a retailer of new tyres and tubes. In addition, its other activities include relugging of agriculture and earth moving tyres and the procurement of truck tyres for the Zimbabwe transport industry. The company's product consists of Dunlop, Bridgestone, Firestone, Yokohama, Pirelli, Bandag, Regal, and Comforser which offers passenger, sports utility vehicle, light truck, trucks, and bus, off-the-road, agriculture, application-specific and light truck tyres. The company has over 10 retail outlets situated throughout the country with over three being located in Harare.

National Tyre Services Headlines

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