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Ebix (EBIXQ) EBIT : $100.6 Mil (TTM As of Sep. 2023)


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What is Ebix EBIT?

Ebix's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $18.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $100.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ebix's annualized ROC % for the quarter that ended in Sep. 2023 was 4.56%. Ebix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 66.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ebix's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 17.78%.


Ebix EBIT Historical Data

The historical data trend for Ebix'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.

Ebix EBIT Chart

Ebix Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 152.68 133.12 125.74 114.89 127.14

Ebix 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.92 28.90 29.02 24.71 17.96

Competitive Comparison of Ebix's EBIT

For the Software - Application subindustry, Ebix'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.


Ebix's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Ebix's EV-to-EBIT distribution charts can be found below:

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



Ebix 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 $100.6 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.


Ebix  (OTCPK:EBIXQ) EBIT Explanation

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

Ebix'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 )
=82.132 * ( 1 - -5.03% )/( (1883.195 + 1904.365)/ 2 )
=86.2632396/1893.78
=4.56 %

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))
=1540.508 - 127.721 - ( 76.557 - max(0, 819.288 - 348.88+76.557))
=1883.195

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))
=1561.991 - 164.096 - ( 88.688 - max(0, 865.351 - 358.881+88.688))
=1904.365

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

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

Ebix'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 )
=71.84/( ( (62.39 + max(71.216, 0)) + (60.874 + max(23.16, 0)) )/ 2 )
=71.84/( ( 133.606 + 84.034 )/ 2 )
=71.84/108.82
=66.02 %

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)
=(163.166 + 0 + 100.904) - (127.721 + 61.792 + 3.341)
=71.216

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(156.302 + 0 + 97.734) - (164.096 + 63.36 + 3.42)
=23.16

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=100.58/565.799
=17.78 %

* 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.


Ebix EBIT Related Terms

Thank you for viewing the detailed overview of Ebix's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Ebix (EBIXQ) Business Description

Traded in Other Exchanges
Address
1 Ebix Way, Johns Creek, GA, USA, 30097
Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The company derives its revenues primarily from its financial transaction fees, software subscription, and transaction fees, software license fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. Ebix generates the majority of its revenue from India.
Executives
Elizabeth A. Lapuma director 520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015
Jill M Krueger director
Priyanka Kaul director 1 EBIX WAY, JOHNS CREEK GA 30097
Senge James Scott Sr officer: Senior Vice President 1629 SEEGAR ROAD, PITTSBURGH PA 15241
Neil D Eckert director 62 BISHOPSGATE, LONDON X0 EC2N 4AW
Steven M Hamil officer: Chief Financial Officer 1 EBIX WAY, JOHNS CREEK GA 30097
Robin Raina director, officer: Chairman & CEO 5 CONCOURSE PARKWAY S 3200, ATLANTA GA 30328
Pavan Bhalla director 1109 BRECKENRIDGE LANE, ALPHARETTA GA 30005
Hans Ueli Keller director BOHLSTRASSE 25, 6300, ZUG V8 6300
Rolf Herter director STOCKERSTRASSE 38, ZURICH V8 CH-8002
Hans U Benz director AGERISTRASSE 24, ZUG V8 CH-6300
George Hebard director C/O ICAHN CAPITAL LP, 767 FIFTH AVE., SUITE 4700, NEW YORK NY 10153
Robert F Kerris officer: Chief Financial Officer 2840 TALIMORE COURT, MARIETTA GA 30066
Fondation Rennes 10 percent owner RATIKONSTRASSE 13, VADUZ, PRINCIPALITY OF LIECHTENSTEIN N2 FL-9490
D'apice Leon Royden Thomas officer: See Remarks 1 URALBA PLACE, WAHROONGA NSW C3 2076