E Media Holdings (JSE:EMH) EBIT : R555 Mil (TTM As of Sep. 2023)

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What is E Media Holdings EBIT?

E Media Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was R206 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was R555 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. E Media Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 5.42%. E Media Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 18.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. E Media Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 28.68%.

E Media Holdings EBIT Historical Data

The historical data trend for E Media 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.

E Media Holdings EBIT Chart

E Media Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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207.26

-1,715.19

192.29

546.22

563.72

E Media Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															250.13	296.09	214.61	349.12	206.37

Competitive Comparison of E Media Holdings's EBIT

For the Entertainment subindustry, E Media 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.

E Media Holdings's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, E Media Holdings's EV-to-EBIT distribution charts can be found below:

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

E Media 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R555 Mil.

E Media Holdings (JSE:EMH) EBIT Explanation

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

E Media Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	380.978 * ( 1 - 27.14% )	/	( (5138.903	+	5104.03)	/ 2 )
=	277.5805708	/	5121.4665
=	5.42 %

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	))
=	5632.89	-	350.636	-	( 143.351	-	max(0, 573.067	-	1763.214	+	143.351	))
=	5138.903

	Invested Capital		(Q: Sep. 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	))
=	5730.101	-	535.713	-	( 90.358	-	max(0, 867.529	-	1864.6	+	90.358	))
=	5104.03

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

E Media Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	412.738	/	( ( (1067.052 + max(1108.981, 0))	+	(1062.788 + max(1236.764, 0)) )	/	2 )
=	412.738	/	( ( 2176.033	+	2299.552 )	/	2 )
=	412.738	/	2237.7925
=	18.44 %

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)
=	(410.499	+	151.581	+	1008.923)	-	(350.636	+	0	+	111.386)
=	1108.981

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(634.435	+	63.899	+	1075.908)	-	(535.713	+	0	+	1.7650000000001)
=	1236.764

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	555.484	/	1937.069
	=	28.68 %

E Media Holdings EBIT Related Terms

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E Media Holdings (JSE:EMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » E Media Holdings Ltd (JSE:EMH) » Definitions » EBIT

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EMN:South Africa

Address

4 Albury Road, Dunkeld West, Hyde Park, Randburg, Johannesburg, GT, ZAF, 2196

Website

https://www.emediaholdings.co.za

E Media Holdings Ltd is a South Africa-based investment holding company. Through its subsidiaries, it is primarily engaged in the media and entertainment business. The company product portfolio includes products and services like is involved in E.TV a free-to-air commercial television channel; eNCA, a 24-hour news channel; OpenView HD and YFM, a radio station that targets the youth market. In addition, the company also provides property and facilities services, including broadcast and television studios, post-production facilities, equipment rental, and sales; as well as holds investments in the television broadcasting and content creation sectors. The company's majority of its revenue is earned from the South African market.

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