International Money Express (International Money Express) EBIT : $96.2 Mil (TTM As of Mar. 2024)

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What is International Money Express EBIT?

International Money Express's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $19.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $96.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Money Express's annualized ROC % for the quarter that ended in Mar. 2024 was 34.08%. International Money Express's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 126.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Money Express's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.92%.

International Money Express EBIT Historical Data

The historical data trend for International Money Express'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.

International Money Express EBIT Chart

International Money Express Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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36.44

52.87

67.85

82.91

95.49

International Money Express 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															18.84	24.74	24.25	27.66	19.59

Competitive Comparison of International Money Express's EBIT

For the Software - Infrastructure subindustry, International Money Express'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.

International Money Express's EV-to-EBIT Distribution in the Software Industry

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

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

International Money Express 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 $96.2 Mil.

International Money Express (NAS:IMXI) EBIT Explanation

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

International Money Express'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 )
=	78.344 * ( 1 - 28.3% )	/	( (162.829	+	166.823)	/ 2 )
=	56.172648	/	164.826
=	34.08 %

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	))
=	576.812	-	204.482	-	( 239.203	-	max(0, 223.373	-	432.874	+	239.203	))
=	162.829

	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	))
=	548.702	-	218.747	-	( 218.795	-	max(0, 238.618	-	401.75	+	218.795	))
=	166.823

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

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

International Money Express'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 )
=	78.344	/	( ( (59.856 + max(-19.098, 0))	+	(63.618 + max(-44.769, 0)) )	/	2 )
=	78.344	/	( ( 59.856	+	63.618 )	/	2 )
=	78.344	/	61.737
=	126.90 %

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)
=	(155.237	+	0	+	36.92)	-	(204.482	+	4.771	+	2.002)
=	-19.098

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(149.054	+	0	+	31.707)	-	(218.747	+	4.781	+	2.002)
=	-44.769

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:

International Money Express's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	96.237	/	645.228
	=	14.92 %

International Money Express EBIT Related Terms

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International Money Express (International Money Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » International Money Express Inc (NAS:IMXI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

9480 South Dixie Highway, Miami, FL, USA, 33156

Website

https://www.intermexonline.com

International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.

Executives

Robert Lisy	director, officer: CEO, President and Chairman	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Christopher D. Hunt	officer: Chief Operating Officer	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
John Rincon	director	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Adam P Godfrey	director, 10 percent owner, other: Member of 10% Owner Group	ATTN.: PAUL KARDISH, 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Justin B Wender	director, 10 percent owner, other: Member of 10 % Onwer Group	150 EAST 58TH STREET, NEW YORK NY 10155
Joseph Aguilar	officer: Chief Operating Officer	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Andras Quinn Bende	officer: Chief Financial Officer	9481 S DIXIE HIGHWAY, MIAMI FL 33156
Ernesto Luciano	officer: General Counsel, CLO & Sec	9480 S DIXIE HIGHWAY, MIAMI FL 33156
Fernandez Bernardo B. Jr.	director	9480 S DIXIE HIGHWAY, MIAMI FL 33156
Debra A Bradford	director
Michael J. Purcell	director	C/O PATRIOT NATIONAL, INC., 401 E. LAS OLAS BLVD., SUITE 1650, FORT LAUDERDALE FL 33301
Laura I Maydon	director	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Jose Perez-villarreal	officer: CAO & Chief Compliance Officer	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Stella Point Capital Llc	10 percent owner, other: Member of 10% Owner Group	444 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022
Spc Intermex Representative Llc	10 percent owner, other: Member of 10% Owner Group	444 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022