PayPoint (LSE:PAY) EBIT : £44.5 Mil (TTM As of Sep. 2023)

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What is PayPoint EBIT?

PayPoint's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £21.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £44.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PayPoint's annualized ROC % for the quarter that ended in Sep. 2023 was 10.97%. PayPoint's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 141.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PayPoint's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 11.70%.

PayPoint EBIT Historical Data

The historical data trend for PayPoint'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.

PayPoint EBIT Chart

PayPoint Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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55.30

50.61

21.85

50.56

45.29

PayPoint 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															25.99	24.57	22.06	23.23	21.25

Competitive Comparison of PayPoint's EBIT

For the Software - Infrastructure subindustry, PayPoint'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.

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

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

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

PayPoint 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 £44.5 Mil.

PayPoint (LSE:PAY) EBIT Explanation

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

PayPoint'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 )
=	42.686 * ( 1 - 25.47% )	/	( (287.732	+	292.299)	/ 2 )
=	31.8138758	/	290.0155
=	10.97 %

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	))
=	479.989	-	255.526	-	( 78.451	-	max(0, 315.158	-	251.889	+	78.451	))
=	287.732

	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	))
=	559.959	-	327.222	-	( 138.735	-	max(0, 395.292	-	335.73	+	138.735	))
=	292.299

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:

PayPoint'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 )
=	42.496	/	( ( (29.257 + max(-139.832, 0))	+	(30.729 + max(-130.227, 0)) )	/	2 )
=	42.496	/	( ( 29.257	+	30.729 )	/	2 )
=	42.496	/	29.993
=	141.69 %

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)
=	(16.645	+	3.152	+	95.897)	-	(255.526	+	0	+	0)
=	-139.832

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(97.887	+	8.417	+	90.691)	-	(327.222	+	0	+	0)
=	-130.227

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	44.476	/	380.037
	=	11.70 %

PayPoint EBIT Related Terms

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PayPoint (LSE:PAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PayPoint PLC (LSE:PAY) » Definitions » EBIT

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PYPTF:USA PAYl:UK

Address

1 The Boulevard, Shire Park, Welwyn Garden City, Hertfordshire, GBR, AL7 1EL

Website

https://www.paypoint.com

PayPoint PLC is a United Kingdom-based company that provides consumer transaction services. The company's solutions help clients control household finances, essential payments, and in-store services. The company's operations involve processing high-volume transactions, managing retailers and clients, selling funds, and transmitting data. PayPoint's network covers convenience stores and numerous outlets, where clients can use the company's solutions to make energy meter prepayments, bill payments, benefit payments, mobile phone top-ups, cash withdrawals, and other services. The company generates the majority of its revenue from the UK.