Tingo (TMNA) EBIT : $120.7 Mil (TTM As of Jun. 2023)

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What is Tingo EBIT?

Tingo's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-10.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $120.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tingo's annualized ROC % for the quarter that ended in Jun. 2023 was -3.59%. Tingo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tingo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 500.15%.

Tingo EBIT Historical Data

The historical data trend for Tingo'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.

Tingo EBIT Chart

Tingo Annual Data

Trend

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-0.78

-1.06

211.58

65.78

Tingo Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial															122.16	150.21	-	-18.61	-10.92

Competitive Comparison of Tingo's EBIT

For the Software - Infrastructure subindustry, Tingo'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.

Tingo's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Tingo's EV-to-EBIT distribution charts can be found below:

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

Tingo 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $120.7 Mil.

Tingo (OTCPK:TMNA) EBIT Explanation

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

Tingo's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-44.884 * ( 1 - 0% )	/	( (1250.455	+	1251.198)	/ 2 )
=	-44.884	/	1250.8265
=	-3.59 %

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	))
=	1235.156	-	2.155	-	( 0.032	-	max(0, 37.369	-	19.915	+	0.032	))
=	1250.455

	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	))
=	1235.313	-	2.441	-	( 0.014	-	max(0, 38.398	-	20.072	+	0.014	))
=	1251.198

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

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

Tingo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-43.696	/	( ( (0 + max(-13.618, 0))	+	(0 + max(-14.627, 0)) )	/	2 )
=	-43.696	/	( ( 0	+	0 )	/	2 )
=	-43.696	/	0
=	%

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	+	0.00099999999999767)	-	(2.155	+	0	+	11.464)
=	-13.618

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.0010000000000012)	-	(2.441	+	0	+	12.185)
=	-14.627

When net working capital is negative, 0 is used.

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

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

Tingo's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	120.671	/	24.127
	=	500.15 %

Tingo EBIT Related Terms

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Tingo (TMNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tingo Inc (OTCPK:TMNA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

11650 South State Street, Suite 240, Draper, UT, USA, 84020

Website

https://www.tingoinc.com

Tingo Inc is an Agri-Fintech company offering a comprehensive platform service through the use of smartphones (using GSM technology) to empower a marketplace to enable subscribers/farmers within and outside of the agricultural sector to manage their commercial activities. The ecosystem provides a 'one-stop-shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, access to insurance services, and microfinance to support their value chain from 'seed to sale'.

Executives

Dozy Mmobousi	director, 10 percent owner, officer: CEO	BRICKFIELD, RADLETT X0 WD7 8BS
Christophe Charlier	director	7F 77/2 AL-FARABI AVENUE, ALMATY 1P 050040
Rory Bowen	officer: Chief of Staff	APARTMENT 19, 2 OFFENHAM ROAD, LONDON X0 SW9 7BN
Daksheshkumar B Patel	director, officer: CFO	APARTMENT 205, THE EMPEROR, 8 WEST ROAD SOUTH, SANDTON, JOHANNESBURG T3 2196
Leslie Nabanya Kasumba	director	199 SIBAYA SANDS 9 THE STRAIGHT AVENUE, PINESLOPES, LONEHILL, SANDTON, JOHANNESBURG T3 2191
Kenneth I Denos	officer: EVP, Genl Counsel & Secy	10757 SOUTH RIVER FRONT PARKWAY, SUITE 125, SOUTH JORDAN UT 84095
Onyekachi Elochukwu Onubogu	director	14 A DASILVA ROAD, LAGOS Q5 101222
Christopher John Cleverly	director, officer: President	60 THE GREEN, POULSHOT DEVICES X0 5N101RT
Derrick Randall-emeka	director	21 MILESPIT HILL, MILL HILL X0 NW7 2PJ
Adewale Adebayo	director	1004 ESTATE, CLUSTAR D1 APARTMENT 116, VICTORIA ISLAND / LAGOS Q5 101241
Alex Lightman	director	3470 ONLEY-LAYTONSVILLE ROAD, SUITE 118, OLNEY MD 20832
John J Brown	director	1450 BOOT RD BLDG 400, ROM TECH INC, WEST CHESTER PA 19380
Zoliwe Macanda-simbodyal	director	29 WOOLCOMBES COURT, LONDON X0 SE16 5RQ
Gurjinder Johal	director	301 EAST 21ST, #13B, NEW YORK NY 10010
Tingo, Inc.	10 percent owner	11650 SOUTH STATE STREET, SUITE 240, DRAPER UT 84020