CTI Logistics (ASX:CLX) EBIT : A$25.2 Mil (TTM As of Dec. 2023)

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What is CTI Logistics EBIT?

CTI Logistics's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$14.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$25.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CTI Logistics's annualized ROC % for the quarter that ended in Dec. 2023 was 7.89%. CTI Logistics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CTI Logistics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.61%.

CTI Logistics EBIT Historical Data

The historical data trend for CTI Logistics'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.

CTI Logistics EBIT Chart

CTI Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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3.88

1.23

15.30

25.56

28.70

CTI Logistics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															10.12	15.44	17.71	10.99	14.21

Competitive Comparison of CTI Logistics's EBIT

For the Integrated Freight & Logistics subindustry, CTI Logistics'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.

CTI Logistics's EV-to-EBIT Distribution in the Transportation Industry

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

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

CTI Logistics 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 A$25.2 Mil.

CTI Logistics (ASX:CLX) EBIT Explanation

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

CTI Logistics'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 )
=	27.054 * ( 1 - 33.1% )	/	( (231.646	+	227.085)	/ 2 )
=	18.099126	/	229.3655
=	7.89 %

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	))
=	242.89	-	23.852	-	( 10.282	-	max(0, 60.399	-	47.791	+	10.282	))
=	231.646

	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	))
=	248.921	-	23.857	-	( 7.204	-	max(0, 50.623	-	48.602	+	7.204	))
=	227.085

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:

CTI Logistics'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 )
=	28.416	/	( ( (167.848 + max(0.14800000000001, 0))	+	(173.615 + max(6.447, 0)) )	/	2 )
=	28.416	/	( ( 167.996	+	180.062 )	/	2 )
=	28.416	/	174.029
=	16.33 %

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)
=	(32.718	+	0.234	+	1.351)	-	(23.852	+	1.136	+	9.167)
=	0.14800000000001

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41.196	+	0.202	+	0)	-	(23.857	+	1.779	+	9.315)
=	6.447

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	25.195	/	199.803
	=	12.61 %

CTI Logistics EBIT Related Terms

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CTI Logistics (ASX:CLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTI Logistics Ltd (ASX:CLX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Drummond Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.ctilogistics.com

CTI Logistics Ltd is an integrated shipping and logistics company. It is organized into four operating segments, which are Transport, Logistics, Property, and Other. The Transport Services segment includes the provision of the courier, taxi truck, parcel distribution, and fleet management. Logistics services include the provision of warehousing and distribution, specialized flooring logistics, supply-based management services, and document storage services. The property segment includes rental of owner-occupied and investment property. The Other segment is engaged in the provision of security services.