GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » EBIT

Magic Empire Global (Magic Empire Global) EBIT : $-0.04 Mil (TTM As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Magic Empire Global EBIT?

Magic Empire Global's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Magic Empire Global's annualized ROC % for the quarter that ended in Dec. 2023 was -6.42%. Magic Empire Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Magic Empire Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.32%.

Magic Empire Global EBIT Historical Data

The historical data trend for Magic Empire Global'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.

Magic Empire Global EBIT Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
0.60 0.22 -0.42 -0.04

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial 0.21 0.20 -0.62 -0.15 0.10

Competitive Comparison of Magic Empire Global's EBIT

For the Capital Markets subindustry, Magic Empire Global'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.

Magic Empire Global's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magic Empire Global's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Magic Empire Global's EV-to-EBIT falls into.


Magic Empire Global 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 $-0.04 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.

Magic Empire Global  (NAS:MEGL) EBIT Explanation

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

Magic Empire Global'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 )
=-0.382 * ( 1 - 0% )/( (6.148 + 5.751)/ 2 )
=-0.382/5.9495
=-6.42 %

where

Invested Capital(Q: Jun. 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))
=18.192 - 0.014 - ( 12.045 - max(0, 0.597 - 12.627+12.045))
=6.148

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))
=17.703 - 0.138 - ( 11.832 - max(0, 0.511 - 12.325+11.832))
=5.751

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:

Magic Empire Global'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 )
=0.206/( ( (0.38 + max(0.093000000000001, 0)) + (0.429 + max(0.149, 0)) )/ 2 )
=0.206/( ( 0.473 + 0.578 )/ 2 )
=0.206/0.5255
=39.20 %

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)
=(0.113 + 0 + 0.328) - (0.014 + 0.334 + 0)
=0.093000000000001

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.295 + 0 + 0.141) - (0.138 + 0.149 + 0)
=0.149

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:

Magic Empire Global's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-0.044/1.896
=-2.32 %

* 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.

Magic Empire Global EBIT Related Terms

Thank you for viewing the detailed overview of Magic Empire Global's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » EBIT
Comparable Companies
TCJH BTCS ATIF MIGI COHN BETS SAI OLKR PHIL CRMZ MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.