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CBIZ (CBZ) EBIT : $192 Mil (TTM As of Mar. 2024)


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What is CBIZ EBIT?

CBIZ's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $109 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $192 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CBIZ's annualized ROC % for the quarter that ended in Mar. 2024 was 15.34%. CBIZ's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 122.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CBIZ's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.43%.


CBIZ EBIT Historical Data

The historical data trend for CBIZ'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.

CBIZ EBIT Chart

CBIZ Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.65 108.47 96.88 149.51 186.43

CBIZ Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 103.21 44.14 53.04 -13.96 108.53

Competitive Comparison of CBIZ's EBIT

For the Specialty Business Services subindustry, CBIZ'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.


CBIZ's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CBIZ's EV-to-EBIT distribution charts can be found below:

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



CBIZ 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 $192 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.


CBIZ  (NYSE:CBZ) EBIT Explanation

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

CBIZ'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 )
=396.404 * ( 1 - 26.08% )/( (1816.981 + 2003.872)/ 2 )
=293.0218368/1910.4265
=15.34 %

where

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))
=2196.998 - 191.724 - ( 1.402 - max(0, 470.055 - 722.164+1.402))
=2003.872

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

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

CBIZ'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 )
=434.1/( ( (268.036 + max(58.445, 0)) + (267.225 + max(117.718, 0)) )/ 2 )
=434.1/( ( 326.481 + 384.943 )/ 2 )
=434.1/355.712
=122.04 %

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)
=(309.64 + 0 + 224.443) - (218.521 + 0 + 257.117)
=58.445

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(333.935 + 0 + 216.655) - (191.724 + 0 + 241.148)
=117.718

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=191.751/4327.894
=4.43 %

* 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.


CBIZ EBIT Related Terms

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CBIZ (CBZ) Business Description

Traded in Other Exchanges
Address
6801 Brecksville Road, Door N., Independence, OH, USA, 44131
CBIZ Inc through its subsidiaries provides professional business services. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Agribusiness, Agribusiness, SAAS, Construction, Health Care, Oil and Gas, Real Estate, Retail, Financial Institutions, and Government among others. It derives the majority of its revenues from the Financial Services segment and geographically from the United States.
Executives
Ware H Grove officer: C.F.O. 6480 ROCKSIDE WOODS BLVD SOUTH, SUITE 330, CLEVELAND OH 44131
Benaree Pratt Wiley director C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Joseph S Dimartino director
Chris Spurio officer: President, Financial Services
Michael P Kouzelos officer: President, Employee Services 6050 OAK TREE BLVD SUITE 500, CLEVELAND OH 44131
Rodney A Young director 350 OAK GROVE PARKWAY, SAINT PAUL MN 55127
Sherrill W Hudson director 201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jerome P Grisko director, officer: President and COO
Todd J Slotkin director 35 EAST 62ND STREET, NEW YORK NY 10021
Richard T Marabito director 5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Steven L Gerard director P.O. BOX 554, MILWAUKEE WI 53201-0554
A Haag Sherman director 600 TRAVIS STREET, SUITE 5900, HOUSTON TX 77002
Donald V Weir director SANDERS MORRIS HARRIS, 600 TRAVIS, HOUSTON TX 77002
Gina D France director III CASCADE PLAZA, AKRON OH 44308
Michael H Degroote director 1111 INTERNATIONAL BLVD., BURLINGTON A6 L7L 6W1