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Kyndryl Holdings (Kyndryl Holdings) EBIT : $-49 Mil (TTM As of Dec. 2023)


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What is Kyndryl Holdings EBIT?

Kyndryl Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kyndryl Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -0.53%. Kyndryl Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kyndryl Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.57%.


Kyndryl Holdings EBIT Historical Data

The historical data trend for Kyndryl 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.

Kyndryl Holdings EBIT Chart

Kyndryl Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Mar23 Mar24
EBIT
Get a 7-Day Free Trial -503.00 -1,697.00 -1,839.00 -757.00 -46.00

Kyndryl Holdings Quarterly Data
Dec18 Dec19 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 -259.00 -80.00 -78.00 84.00 25.00

Competitive Comparison of Kyndryl Holdings's EBIT

For the Information Technology Services subindustry, Kyndryl 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.


Kyndryl Holdings's EV-to-EBIT Distribution in the Software Industry

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

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



Kyndryl 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-49 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.


Kyndryl Holdings  (NYSE:KD) EBIT Explanation

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

Kyndryl Holdings'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 )
=188 * ( 1 - 122.64% )/( (7803 + 8354)/ 2 )
=-42.5632/8078.5
=-0.53 %

where

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

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

Kyndryl Holdings'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 )
=336/( ( (3544 + max(-905, 0)) + (3721 + max(-1104, 0)) )/ 2 )
=336/( ( 3544 + 3721 )/ 2 )
=336/3632.5
=9.25 %

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)
=(1663 + 0 + 1522) - (2691 + 790 + 609)
=-905

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1658 + 0 + 1505) - (2916 + 793 + 558)
=-1104

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-49/8615.685
=-0.57 %

* 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.


Kyndryl Holdings EBIT Related Terms

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Kyndryl Holdings (Kyndryl Holdings) Business Description

Address
One Vanderbilt Avenue, 15th Floor, New York, NY, USA, 10017
Kyndryl Holdings Inc is a technology services and infrastructure services provider company. It provides advisory, implementation, and managed services across a range of technology domains to help customers manage and modernize enterprise IT environments in support of their business and transformation objectives.
Executives
Elly Keinan officer: Group President ONE NEW ORCHARD ROAD, ARMONK NY 10504
Martin J Schroeter director, officer: Chief Executive Officer IBM CORPORATION, ONE NEW ORCHARD ROAD, ARMONK NY 10504
David B Wyshner officer: CFO & Treasurer C/O XPO LOGISTICS, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Denis Machuel director ONE NEW ORCHARD ROAD, ARMONK NY 10504
Hester Stephen A. M. director ONE NEW ORCHARD ROAD, ARMONK NY 10504
Howard I Ungerleider director 2211 H.H. DOW WAY, MIDLAND MI 48674
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
International Business Machines Corp director, 10 percent owner 1 NEW ORCHARD RD, ARMONK NY 10504
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
John D Harris director C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Edward Sebold officer: General Counsel and Secretary ONE NEW ORCHARD ROAD, ARMONK NY 10504
Vineet Khurana officer: Vice President & Controller ONE NEW ORCHARD ROAD, ARMONK NY 10504
Janina Kugel director ONE NEW ORCHARD ROAD, ARMONK NY 10504
Rahul N Merchant director C/O EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Shirley A Jackson director 110 8TH STREEET, TROY NY 12180-3590