Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) EBIT : ₺595 Mil (TTM As of Sep. 2023)

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What is Menderes Tekstilnayi ve Ticaret AS EBIT?

Menderes Tekstilnayi ve Ticaret AS's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was ₺280 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ₺595 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Menderes Tekstilnayi ve Ticaret AS's annualized ROC % for the quarter that ended in Sep. 2023 was 21.00%. Menderes Tekstilnayi ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 18.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Menderes Tekstilnayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 11.08%.

Menderes Tekstilnayi ve Ticaret AS EBIT Historical Data

The historical data trend for Menderes Tekstilnayi ve Ticaret AS'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.

Menderes Tekstilnayi ve Ticaret AS EBIT Chart

Menderes Tekstilnayi ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-90.06

26.32

-58.25

-283.56

927.68

Menderes Tekstilnayi ve Ticaret AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															183.12	343.28	2.49	-30.75	279.74

Competitive Comparison of Menderes Tekstilnayi ve Ticaret AS's EBIT

For the Textile Manufacturing subindustry, Menderes Tekstilnayi ve Ticaret AS'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.

Menderes Tekstilnayi ve Ticaret AS's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Menderes Tekstilnayi ve Ticaret AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Menderes Tekstilnayi ve Ticaret AS's EV-to-EBIT falls into.

Menderes Tekstilnayi ve Ticaret AS 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺595 Mil.

Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) EBIT Explanation

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

Menderes Tekstilnayi ve Ticaret AS's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	1282.672 * ( 1 - -18.86% )	/	( (7296.199	+	7221.901)	/ 2 )
=	1524.5839392	/	7259.05
=	21.00 %

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	))
=	8147.778	-	577.571	-	( 274.008	-	max(0, 2492.905	-	2988.381	+	274.008	))
=	7296.199

	Invested Capital		(Q: Sep. 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	))
=	8500.676	-	856.737	-	( 422.038	-	max(0, 2316.714	-	3029.84	+	422.038	))
=	7221.901

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

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

Menderes Tekstilnayi ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1118.96	/	( ( (4219.56 + max(1996.729, 0))	+	(4488.535 + max(1577.457, 0)) )	/	2 )
=	1118.96	/	( ( 6216.289	+	6065.992 )	/	2 )
=	1118.96	/	6141.1405
=	18.22 %

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)
=	(976.002	+	1624.027	+	111.231)	-	(577.571	+	0	+	136.96)
=	1996.729

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(961.867	+	1578.989	+	66.38)	-	(856.737	+	0	+	173.042)
=	1577.457

When net working capital is negative, 0 is used.

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

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

Menderes Tekstilnayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	594.756	/	5367.795
	=	11.08 %

Menderes Tekstilnayi ve Ticaret AS EBIT Related Terms

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Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Menderes Tekstil Sanayi ve Ticaret AS (IST:MNDRS) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Üniversite Cad. No:84, Bornova, Izmir, TUR

Website

http://www.menderes.com

Menderes Tekstil Sanayi ve Ticaret AS is a textile company. It is engaged in the manufacturing of beddings, linens, pillow cases, sleep sets, tablecloths, 100% woven and knitted fabrics, polyester and cotton mix fabrics, draperies, collar linings, and fusible garment linings. The company's products are categorized into three which are Home textile products consisting of bedding sets to sleep sets, curtains, baby sets and printed fabrics, Upholstery fabrics, including slipcovers and Lining and interlining comprising of semi-finished products. The company operates under two brands which include La Notte and SNT.

Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) Headlines

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