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Tortilla Mexican Grill (LSE:MEX) EBIT : £0.72 Mil (TTM As of Dec. 2023)


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What is Tortilla Mexican Grill EBIT?

Tortilla Mexican Grill's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £0.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £0.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tortilla Mexican Grill's annualized ROC % for the quarter that ended in Dec. 2023 was 1.58%. Tortilla Mexican Grill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tortilla Mexican Grill's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.26%.


Tortilla Mexican Grill EBIT Historical Data

The historical data trend for Tortilla Mexican Grill'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.

Tortilla Mexican Grill EBIT Chart

Tortilla Mexican Grill Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 0.21 -0.36 3.64 0.54 0.72

Tortilla Mexican Grill Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.92 -0.38 0.25 0.46

Competitive Comparison of Tortilla Mexican Grill's EBIT

For the Restaurants subindustry, Tortilla Mexican Grill'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.


Tortilla Mexican Grill's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tortilla Mexican Grill's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tortilla Mexican Grill's EV-to-EBIT falls into.



Tortilla Mexican Grill 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.72 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.


Tortilla Mexican Grill  (LSE:MEX) EBIT Explanation

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

Tortilla Mexican Grill's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=0.886 * ( 1 - -0.85% )/( (57.333 + 55.858)/ 2 )
=0.893531/56.5955
=1.58 %

where

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

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

Tortilla Mexican Grill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.924/( ( (44.911 + max(-8.089, 0)) + (43.64 + max(-8.986, 0)) )/ 2 )
=0.924/( ( 44.911 + 43.64 )/ 2 )
=0.924/44.2755
=2.09 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.868 + 0.377 + 0) - (5.304 + 0 + 4.03)
=-8.089

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.404 + 0.359 + 8.8817841970013E-16) - (5.829 + 0 + 3.92)
=-8.986

When net working capital is negative, 0 is used.

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

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

Tortilla Mexican Grill's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=0.716/56.613
=1.26 %

* 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.


Tortilla Mexican Grill EBIT Related Terms

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Tortilla Mexican Grill (LSE:MEX) Business Description

Traded in Other Exchanges
Address
142-144 New Cavendish Street, 1st Floor, Evelyn House, London, GBR, W1W 6YF
Tortilla Mexican Grill PLC is a casual Mexican restaurant group in the UK specialising in the sale both on-site and through its delivery channel of freshly made Californian inspired Mexican cuisine.

Tortilla Mexican Grill (LSE:MEX) Headlines

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