OppFi (OPFI) EBIT : $88.6 Mil (TTM As of Dec. 2023)

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What is OppFi EBIT?

OppFi's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $17.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $88.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. OppFi's annualized ROC % for the quarter that ended in Dec. 2023 was 43.50%. OppFi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 244.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. OppFi's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.06%.

OppFi EBIT Historical Data

The historical data trend for OppFi'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.

OppFi EBIT Chart

OppFi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

53.65

96.80

114.36

38.23

88.56

OppFi Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial										5.13	14.68	29.48	27.50	16.97

Competitive Comparison of OppFi's EBIT

For the Credit Services subindustry, OppFi'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.

OppFi's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, OppFi's EV-to-EBIT distribution charts can be found below:

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

OppFi 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $88.6 Mil.

OppFi (NYSE:OPFI) EBIT Explanation

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

OppFi's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	350.948 * ( 1 - 34.16% )	/	( (543.995	+	518.279)	/ 2 )
=	231.0641632	/	531.137
=	43.50 %

where

	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	))
=	600.592	-	25.472	-	( 31.125	-	max(0, 25.472	-	535.603	+	31.125	))
=	543.995

	Invested Capital		(Q: Dec. 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	))
=	601.543	-	51.473	-	( 31.791	-	max(0, 51.473	-	539.277	+	31.791	))
=	518.279

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

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

OppFi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	67.88	/	( ( (23.685 + max(9.4299999999999, 0))	+	(22.472 + max(-9.321, 0)) )	/	2 )
=	67.88	/	( ( 33.115	+	22.472 )	/	2 )
=	67.88	/	27.7935
=	244.23 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	34.902)	-	(25.472	+	0	+	0)
=	9.4299999999999

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	42.152)	-	(51.473	+	0	+	0)
=	-9.321

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	88.632	/	368.369
	=	24.06 %

OppFi EBIT Related Terms

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OppFi (OPFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » OppFi Inc (NYSE:OPFI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 East Randolph Street, Suite 3400, Chicago, IL, USA, 60601

Website

https://www.oppfi.com

OppFi Inc is a financial technology platform that powers banks to help the everyday consumer gain access to credit with digital specialty finance products.

Executives

Christopher J. Mckay	officer: Chief Risk & Analytics Officer	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Pamela D. Johnson	officer: Chief Accounting Officer	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Jocelyn Moore	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Todd G. Schwartz	director, 10 percent owner	105 S. MAPLE STREET, ITASCA IL 60143
Theodore G Schwartz	director, 10 percent owner	C/O APAC CUSTOMER SERVICES, INC., SIX PARKWAY NORTH, DEERFIELD IL 60015
David Vennettilli	director	105 S. MAPLE STREET, ITASCA IL 60143
Blackstone Aqua Master Sub-fund, A Sub-fund Of Blackstone Global Master Fund Icav	10 percent owner	345 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Alternative Solutions L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE., NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Blackstone Group Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Christina M Favilla	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Neville Crawley	officer: President	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601