Begbies Traynor Group (LSE:BEG) EBIT : £5.5 Mil (TTM As of Oct. 2023)

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What is Begbies Traynor Group EBIT?

Begbies Traynor Group's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £3.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £5.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Begbies Traynor Group's annualized ROC % for the quarter that ended in Oct. 2023 was 2.59%. Begbies Traynor Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 71.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Begbies Traynor Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 3.15%.

Begbies Traynor Group EBIT Historical Data

The historical data trend for Begbies Traynor Group'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.

Begbies Traynor Group EBIT Chart

Begbies Traynor Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

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4.30

3.79

2.73

4.81

7.09

Begbies Traynor Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial															3.08	1.73	5.45	1.64	3.86

Competitive Comparison of Begbies Traynor Group's EBIT

For the Specialty Business Services subindustry, Begbies Traynor Group'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.

Begbies Traynor Group's EV-to-EBIT Distribution in the Business Services Industry

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

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

Begbies Traynor Group 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £5.5 Mil.

Begbies Traynor Group (LSE:BEG) EBIT Explanation

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

Begbies Traynor Group's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	7.772 * ( 1 - 59.91% )	/	( (121.156	+	119.84)	/ 2 )
=	3.1157948	/	120.498
=	2.59 %

where

	Invested Capital		(Q: Apr. 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	))
=	151.881	-	22.724	-	( 8.001	-	max(0, 46.314	-	63.551	+	8.001	))
=	121.156

	Invested Capital		(Q: Oct. 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	))
=	155.889	-	27.988	-	( 8.061	-	max(0, 51.373	-	68.298	+	8.061	))
=	119.84

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

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

Begbies Traynor Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	7.712	/	( ( (9.744 + max(-29.686, 0))	+	(11.828 + max(-34.477, 0)) )	/	2 )
=	7.712	/	( ( 9.744	+	11.828 )	/	2 )
=	7.712	/	10.786
=	71.50 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.652	+	0	+	3.422)	-	(22.724	+	0	+	22.036)
=	-29.686

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.448	+	0	+	3.267)	-	(27.988	+	0	+	21.204)
=	-34.477

When net working capital is negative, 0 is used.

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

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

Begbies Traynor Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	5.492	/	174.469
	=	3.15 %

Begbies Traynor Group EBIT Related Terms

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Begbies Traynor Group (LSE:BEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Begbies Traynor Group PLC (LSE:BEG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BEG.GB:UK

Address

340 Deansgate, Manchester, GBR, M3 4LY

Website

https://www.begbies-traynorgroup.com

Begbies Traynor Group PLC is a professional services consultancy. It provides insolvency, restructuring and consultancy services to businesses, professional advisors, and financial institutions. It provides professional services, such as business rescue options, advisory options, forensic accounting and investigations, corporate and commercial finance, personal insolvency solutions and services to banking, legal, and accounting sectors. The company is managed as two operating segments: insolvency and advisory services, and property advisory and transactional services. The group generates the majority of its revenue from insolvency and advisory services. The group's principal operations and markets are in the UK.

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