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Tanganda Tea Co (XZIM:TANGANDA) EBIT : ZWG Mil (TTM As of Mar. 2024)


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What is Tanganda Tea Co EBIT?

Tanganda Tea Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ZWG69.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tanganda Tea Co's annualized ROC % for the quarter that ended in Mar. 2024 was 13.25%. Tanganda Tea Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.46%.

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

Tanganda Tea Co EBIT Historical Data

The historical data trend for Tanganda Tea Co'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.

Tanganda Tea Co EBIT Chart

Tanganda Tea Co Annual Data
Trend
EBIT

Tanganda Tea Co Semi-Annual Data
Mar23 Mar24
EBIT 66.41 69.71

Competitive Comparison of Tanganda Tea Co's EBIT

For the Farm Products subindustry, Tanganda Tea Co'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.

Tanganda Tea Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tanganda Tea Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tanganda Tea Co's EV-to-EBIT falls into.


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Tanganda Tea Co 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWG 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.

Tanganda Tea Co  (XZIM:TANGANDA) EBIT Explanation

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

Tanganda Tea Co'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 )
=139.414 * ( 1 - 14.34% )/( (0 + 901.549)/ 1 )
=119.4220324/901.549
=13.25 %

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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

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))
=1050.186 - 140.942 - ( 7.695 - max(0, 292.045 - 463.979+7.695))
=901.549

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

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

Tanganda Tea Co'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 )
=139.414/( ( (0 + max(0, 0)) + (541.783 + max(213.382, 0)) )/ 1 )
=139.414/( ( 0 + 755.165 )/ 1 )
=139.414/755.165
=18.46 %

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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(90.109 + 289.444 + 52.762) - (140.942 + 0 + 77.991)
=213.382

When net working capital is negative, 0 is used.

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

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

Tanganda Tea Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=/26106.459
= %

* 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.

Tanganda Tea Co EBIT Related Terms

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Tanganda Tea Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tanganda Tea Co Ltd (XZIM:TANGANDA) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
194 Mutare Road, P.O. Box 10078, Msasa, Harare, ZWE
Website
https://www.tangandatea.com
Tanganda Tea Co Ltd is a producer, packer, and distributor of tea in Zimbabwe. The company has also developed the hectarage of macadamia nuts and avocados. It also engaged in producing coffee and bottled spring water. The company is organized into two operating segments: Agriculture and Beverage. It generates the majority of its revenue from the Agriculture segment.

Tanganda Tea Co Headlines

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