mm2 Asia (SGX:1B0) EBIT : S$3.8 Mil (TTM As of Sep. 2023)

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What is mm2 Asia EBIT?

mm2 Asia's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was S$23.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was S$3.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. mm2 Asia's annualized ROC % for the quarter that ended in Sep. 2023 was 11.29%. mm2 Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 226.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. mm2 Asia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 1.22%.

mm2 Asia EBIT Historical Data

The historical data trend for mm2 Asia'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.

mm2 Asia EBIT Chart

mm2 Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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57.70

29.06

-79.01

-9.57

-13.95

mm2 Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															-6.10	-3.46	5.42	-19.37	23.15

Competitive Comparison of mm2 Asia's EBIT

For the Entertainment subindustry, mm2 Asia'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.

mm2 Asia's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, mm2 Asia's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where mm2 Asia's EV-to-EBIT falls into.

mm2 Asia 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 semi-annually data reported by the company within the most recent 12 months, which was S$3.8 Mil.

mm2 Asia (SGX:1B0) EBIT Explanation

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

mm2 Asia'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: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	55.31 * ( 1 - 26.71% )	/	( (355.733	+	362.108)	/ 2 )
=	40.536699	/	358.9205
=	11.29 %

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	))
=	429.141	-	63.968	-	( 9.44	-	max(0, 206.122	-	227.707	+	9.44	))
=	355.733

	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	))
=	472.53	-	92.52	-	( 17.902	-	max(0, 237.227	-	270.407	+	17.902	))
=	362.108

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

mm2 Asia'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: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	46.3	/	( ( (15.225 + max(8.14, 0))	+	(17.545 + max(-12.672, 0)) )	/	2 )
=	46.3	/	( ( 23.365	+	17.545 )	/	2 )
=	46.3	/	20.455
=	226.35 %

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)
=	(72.048	+	0.8	+	23.462)	-	(63.968	+	0	+	24.202)
=	8.14

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(91.699	+	0.8	+	21.894)	-	(92.52	+	0	+	34.545)
=	-12.672

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

mm2 Asia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	3.785	/	309.287
	=	1.22 %

mm2 Asia EBIT Related Terms

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mm2 Asia (SGX:1B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » mm2 Asia Ltd (SGX:1B0) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

1MMA:Germany

Address

1002 Jalan Bukit Merah, No. 07-11, Redhill Industrial Estate, Singapore, SGP, 159456

Website

https://www.mm2asia.com

mm2 Asia Ltd Asia Ltd's core business lies in film, TV, and online content production, distribution, and sponsorship. across the content, entertainment, cinema, event, and concert industries in Singapore, Malaysia, Hong Kong, Taiwan, China, and the United States of America. The company's reportable segments include Core business, Digital content production, Cinema operations, Concerts and events, and others. The Cinema operations segment refers to sales of cinema tickets and concessions, hall rental, and screen advertising. The Core business segment refers to the group's production and distribution of motion pictures, video and television programs, and sponsorship. It generates maximum revenue from the Core segment. Geographically, it derives a majority of its revenue from Singapore.

mm2 Asia (SGX:1B0) Headlines

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