HireRight Holdings (HireRight Holdings) EBIT : $62.3 Mil (TTM As of Mar. 2024)

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What is HireRight Holdings EBIT?

HireRight Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $7.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $62.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HireRight Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 0.81%. HireRight Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 109.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HireRight Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.85%.

HireRight Holdings EBIT Historical Data

The historical data trend for HireRight Holdings'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.

HireRight Holdings EBIT Chart

HireRight Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

11.49

-13.02

56.20

97.64

53.20

HireRight Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												-1.45	18.41	25.31	10.93	7.65

Competitive Comparison of HireRight Holdings's EBIT

For the Staffing & Employment Services subindustry, HireRight Holdings'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.

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

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

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

HireRight Holdings 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 $62.3 Mil.

HireRight Holdings (NYSE:HRT) EBIT Explanation

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

HireRight Holdings'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 )
=	30.628 * ( 1 - 64.84% )	/	( (1328.307	+	1342.858)	/ 2 )
=	10.7688048	/	1335.5825
=	0.81 %

where

	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	))
=	1548.29	-	103.638	-	( 123.416	-	max(0, 147.351	-	263.696	+	123.416	))
=	1328.307

	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	))
=	1504.91	-	84.767	-	( 77.285	-	max(0, 130.748	-	229.794	+	77.285	))
=	1342.858

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

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

HireRight Holdings'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 )
=	30.604	/	( ( (12.543 + max(0.42900000000003, 0))	+	(13.524 + max(29.261, 0)) )	/	2 )
=	30.604	/	( ( 12.972	+	42.785 )	/	2 )
=	30.604	/	27.8785
=	109.78 %

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)
=	(120.724	+	0	+	19.556)	-	(103.638	+	0	+	36.213)
=	0.42900000000003

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(131.037	+	0	+	21.472)	-	(84.767	+	0	+	38.481)
=	29.261

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	62.301	/	1618.838
	=	3.85 %

HireRight Holdings EBIT Related Terms

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HireRight Holdings (HireRight Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HireRight Holdings Corp (NYSE:HRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Centerview Drive, Suite 300, Nashville, TN, USA, 37214

Website

https://www.hireright.com

HireRight Holdings Corp is a global provider of technology-driven workforce risk management and compliance solutions. It provides comprehensive background screening, verification, identification, monitoring, and drug and health screening services. It offers services via a unified global software and data platform that tightly integrates into its customers' human capital management (HCM) systems enabling effective and efficient workflows for workforce hiring, onboarding, and monitoring. The company's revenues is derived from contracts to provide services. Majority of the revenue is generated from United States.

Executives

Mary O'loughlin	officer: EVP, North America	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
Michael E Ensor	officer: SVP, Global Head of Operations	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
James R Daxner	officer: EVP, Global Head of Product	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
James Laplaine	director	100 CENTERVIEW DR,, NASHVILLE TN 37214
Lisa L Troe	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Rjc Gis Holdings Llc	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
Venkat Bhamidipati	director	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Lawrence M Kutscher	director	ONE DIAMOND HILL RD, MURRAY HILL NJ 07974
Jeanne S. Conrad	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
Raymond W. Conrad	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Genpar (bermuda), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY,LLC, 55 EAST 52ND ST. 32ND FLOOR, NEW YORK NY 10055
General Atlantic Partners (bermuda) Hrg Ii, L.p.	director, 10 percent owner	C/O CONYERS CLIENT SERVICES LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
General Atlantic (spv) Gp (bermuda), Llc	director, 10 percent owner	C/O CONYERS CLIENT SERVICES LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
Gap (bermuda) L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY, 55 EAST 52ND ST. 32ND FLOOR, NEW YORK NY 10055