MGO Global (MGO Global) EBIT : $-8.03 Mil (TTM As of Mar. 2024)

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What is MGO Global EBIT?

MGO Global's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MGO Global's annualized ROC % for the quarter that ended in Mar. 2024 was -1,445.74%. MGO Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,628.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MGO Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -135.92%.

MGO Global EBIT Historical Data

The historical data trend for MGO 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.

MGO Global EBIT Chart

MGO Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-0.88

-0.46

-2.86

-7.37

MGO Global Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial							-0.69	-1.43	-2.55	-2.19	-1.86

Competitive Comparison of MGO Global's EBIT

For the Advertising Agencies subindustry, MGO 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.

MGO Global's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MGO Global's EV-to-EBIT distribution charts can be found below:

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

MGO 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.03 Mil.

MGO Global (NAS:MGOL) EBIT Explanation

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

MGO Global's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-7.46 * ( 1 - 0% )	/	( (0.32	+	0.712)	/ 2 )
=	-7.46	/	0.516
=	-1,445.74 %

where

	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	))
=	2.242	-	1.32	-	( 0.935	-	max(0, 1.32	-	1.922	+	0.935	))
=	0.32

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	2.842	-	0.613	-	( 1.517	-	max(0, 0.799	-	2.55	+	1.517	))
=	0.712

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

MGO Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.452	/	( ( (0.319 + max(-0.333, 0))	+	(0.292 + max(0.304, 0)) )	/	2 )
=	-7.452	/	( ( 0.319	+	0.596 )	/	2 )
=	-7.452	/	0.4575
=	-1,628.85 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.064	+	0.725	+	0.198)	-	(1.32	+	0	+	0)
=	-0.333

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.063	+	0.674	+	0.296)	-	(0.613	+	0	+	0.116)
=	0.304

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-8.03	/	5.908
	=	-135.92 %

MGO Global EBIT Related Terms

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MGO Global (MGO Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MGO Global Inc (NAS:MGOL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1515 SE 17th Street,, Suite 121/ No 460596, Fort Lauderdale, FL, USA, 33346

Website

https://www.mgoglobalinc.com

MGO Global Inc provides branding and marketing services to help clients build positive perceptions about their businesses. The company has one reportable segment which sells a range of products under the soccer legend Lionel (Leo) Messi brand Messi Brand.

Executives

Nicole M. Fernandez-mcgovern	director	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Paul Wahlgren	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Obie Mckenzie	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Salima Popatia	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Vincent Ottomanelli	officer: CHIEF FINANCIAL OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Martin P Scott	officer: CHIEF FINANCIAL OFFICER	SIMPLEPONS, INC., C/O 220 CONGRESS PARK DRIVE, SUITE 304, DELRAY BEACH FL 33445
Maximiliano Ojeda	director, officer: CHIEF EXECUTIVE OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Virginia Hilfiger	director, officer: CHIEF DESIGN OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Julian Groves	director, officer: CHIEF OPERATING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Matthew Harward	officer: CHIEF MARKETING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346