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Econet Wireless Zimbabwe (XZIM:ECO.ZW) EBIT : ZWL-370,635 Mil (TTM As of Feb. 2024)


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What is Econet Wireless Zimbabwe EBIT?

Econet Wireless Zimbabwe's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2024 was ZWL-525,781 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was ZWL-370,635 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Econet Wireless Zimbabwe's annualized ROC % for the quarter that ended in Feb. 2024 was 265.18%. Econet Wireless Zimbabwe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -25.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Econet Wireless Zimbabwe's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -42.46%.


Econet Wireless Zimbabwe EBIT Historical Data

The historical data trend for Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe EBIT Chart

Econet Wireless Zimbabwe Annual Data
Trend Feb09 Feb11 Feb12 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
EBIT
Get a 7-Day Free Trial Premium Member Only -3,032.20 3,213.00 73,530.54 256,110.00 -370,635.00

Econet Wireless Zimbabwe Semi-Annual Data
Feb11 Aug11 Feb12 Aug12 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36,901.38 23,561.00 232,549.00 155,146.00 -525,781.00

Competitive Comparison of Econet Wireless Zimbabwe's EBIT

For the Telecom Services subindustry, Econet Wireless Zimbabwe'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.


Econet Wireless Zimbabwe's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Econet Wireless Zimbabwe's EV-to-EBIT distribution charts can be found below:

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



Econet Wireless Zimbabwe 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWL-370,635 Mil.

* 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.


Econet Wireless Zimbabwe  (XZIM:ECO.ZW) EBIT Explanation

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

Econet Wireless Zimbabwe's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=11468476 * ( 1 - -62.74% )/( (2972191 + 11104208)/ 2 )
=18663797.8424/7038199.5
=265.18 %

where

Invested Capital(Q: Feb. 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))
=12141399 - 2148556 - ( 216826 - max(0, 2826260 - 1714895+216826))
=11104208

Note: The Operating Income data used here is two times the semi-annual (Feb. 2024) data.

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

Econet Wireless Zimbabwe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1051562/( ( (1625480 + max(220073, 0)) + (6430964 + max(-1089975, 0)) )/ 2 )
=-1051562/( ( 1845553 + 6430964 )/ 2 )
=-1051562/4138258.5
=-25.41 %

where Working Capital is:

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(670143 + 29960 + 0) - (409590 + 0 + 70440)
=220073

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1353846 + 144223 + 0) - (2148556 + 0 + 439488)
=-1089975

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

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

Econet Wireless Zimbabwe's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=-370635/872898.589
=-42.46 %

* 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.


Econet Wireless Zimbabwe EBIT Related Terms

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Traded in Other Exchanges
N/A
Address
2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE
Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

Econet Wireless Zimbabwe (XZIM:ECO.ZW) Headlines

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