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2Go Group (PHS:2GO) EBIT : ₱1,075 Mil (TTM As of Mar. 2023)


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What is 2Go Group EBIT?

2Go Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was ₱319 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₱1,075 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 2Go Group's annualized ROC % for the quarter that ended in Mar. 2023 was 7.14%. 2Go Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 21.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 2Go Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 2.71%.


2Go Group EBIT Historical Data

The historical data trend for 2Go Group'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.

2Go Group EBIT Chart

2Go Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -675.58 84.82 -1,426.09 -701.98 830.36

2Go Group Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.29 232.43 297.67 226.10 319.22

Competitive Comparison of 2Go Group's EBIT

For the Integrated Freight & Logistics subindustry, 2Go Group'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.


2Go Group's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, 2Go Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 2Go Group's EV-to-EBIT falls into.



2Go Group 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱1,075 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.


2Go Group  (PHS:2GO) EBIT Explanation

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

2Go Group's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=1269.584 * ( 1 - 5.21% )/( (16621.912 + 17077.199)/ 2 )
=1203.4386736/16849.5555
=7.14 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=14391.894 - 2355.646 - ( 724.527 - max(0, 11209.905 - 6624.241+724.527))
=16621.912

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))
=14599.157 - 1913.002 - ( 1328.833 - max(0, 11284.961 - 6893.917+1328.833))
=17077.199

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

2Go Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1276.864/( ( (5648.558 + max(376.068, 0)) + (5576.484 + max(33.398000000001, 0)) )/ 2 )
=1276.864/( ( 6024.626 + 5609.882 )/ 2 )
=1276.864/5817.254
=21.95 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2954.257 + 512.773 + 1968.733) - (2355.646 + 0 + 2704.049)
=376.068

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2803.125 + 426.947 + 2064.504) - (1913.002 + 0 + 3348.176)
=33.398000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

2Go Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=1075.418/39700.333
=2.71 %

* 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.


2Go Group EBIT Related Terms

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2Go Group (PHS:2GO) Business Description

Traded in Other Exchanges
N/A
Address
Macapagal Boulevard, 8th Floor Double Dragon Plaza, Tower 1, corner EDSA Extension, Pasay, PHL, 1302
2Go Group Inc is a Philippines-based logistics provider. The group owns and operates successful brands such as 2GO Travel, 2GO Freight, 2GO Express, and 2GO Logistics, offering an array of logistics and travel services. The business functions throughout the Philippines and it offers services such as international shipping, international freight forwarding, customs clearance, domestic shipping, freight and travel, warehousing, land transport, express, projects, and trade. Its reporting segments involve the shipping segment which t provides ocean-going transportation of passengers, rolling cargo, and freight cargo and the non-shipping segment provides logistics, sale of goods, supply chain management, and other services.

2Go Group (PHS:2GO) Headlines

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