Kip McGrath Education Centres (ASX:KME) EBIT : A$1.69 Mil (TTM As of Dec. 2023)

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What is Kip McGrath Education Centres EBIT?

Kip McGrath Education Centres's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$1.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kip McGrath Education Centres's annualized ROC % for the quarter that ended in Dec. 2023 was 0.61%. Kip McGrath Education Centres's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kip McGrath Education Centres's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.98%.

Kip McGrath Education Centres EBIT Historical Data

The historical data trend for Kip McGrath Education Centres'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.

Kip McGrath Education Centres EBIT Chart

Kip McGrath Education Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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3.61

2.47

2.33

2.61

2.57

Kip McGrath Education Centres Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1.25	1.36	0.89	1.68	0.02

Competitive Comparison of Kip McGrath Education Centres's EBIT

For the Education & Training Services subindustry, Kip McGrath Education Centres'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.

Kip McGrath Education Centres's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Kip McGrath Education Centres's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kip McGrath Education Centres's EV-to-EBIT falls into.

Kip McGrath Education Centres 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 semi-annually data reported by the company within the most recent 12 months, which was A$1.69 Mil.

Kip McGrath Education Centres (ASX:KME) EBIT Explanation

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

Kip McGrath Education Centres'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0.272 * ( 1 - 32.08% )	/	( (30.01	+	31.058)	/ 2 )
=	0.1847424	/	30.534
=	0.61 %

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	))
=	37.114	-	6.472	-	( 9.149	-	max(0, 11.077	-	11.709	+	9.149	))
=	30.01

	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	))
=	35.81	-	5.903	-	( 6.43	-	max(0, 10.457	-	9.306	+	6.43	))
=	31.058

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Kip McGrath Education Centres'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.036	/	( ( (1.977 + max(-6.799, 0))	+	(2.102 + max(-4.69, 0)) )	/	2 )
=	0.036	/	( ( 1.977	+	2.102 )	/	2 )
=	0.036	/	2.0395
=	1.77 %

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)
=	(1.126	+	0	+	0.594)	-	(6.472	+	0.559	+	1.488)
=	-6.799

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.081	+	0	+	0.795)	-	(5.903	+	0.039	+	1.624)
=	-4.69

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Kip McGrath Education Centres's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.694	/	15.434
	=	10.98 %

Kip McGrath Education Centres EBIT Related Terms

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Kip McGrath Education Centres (ASX:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Kip McGrath Education Centres Ltd (ASX:KME) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Bond Street, Newcastle, NSW, AUS, 2300

Website

https://www.kipmcgrath.com

Kip McGrath Education Centres Ltd offers supplementary education to students through the franchise in Australia and overseas, in the United Kingdom and New Zealand. Its products are face to face tuition programs, direct at-home educational products and online tertiary courses. Geographically, the company operates in Australasia, the United Kingdom and Europe, and Other overseas regions. It derives revenue from franchise fees, student lesson fees, sales of master territories and franchise centres, and direct sales, of which a majority of the revenue is derived from franchise fees.