GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Just Group PLC (LSE:JUST) » Definitions » EBIT

Just Group (LSE:JUST) EBIT : £294.0 Mil (TTM As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Just Group EBIT?

Just Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £138.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £294.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Just Group's annualized ROC % for the quarter that ended in Dec. 2023 was 0.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Just Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 57.33%.


Just Group EBIT Historical Data

The historical data trend for Just 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.

Just Group EBIT Chart

Just Group Annual Data
Trend Jun14 Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 555.30 395.70 115.40 -437.00 294.00

Just Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 Premium Member Only Premium Member Only 133.50 -208.40 -228.60 155.70 138.30

Competitive Comparison of Just Group's EBIT

For the Insurance - Specialty subindustry, Just 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.


Just Group's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Just Group's EV-to-EBIT distribution charts can be found below:

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



Just 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £294.0 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.


Just Group  (LSE:JUST) EBIT Explanation

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

Just Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=276.6 * ( 1 - 13.74% )/( (26654.715 + 30648.285)/ 2 )
=238.59516/28651.5
=0.83 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=28203.1 - 198.5 - ( 1322.2 - 5% * -553.7 )
=26654.715

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=31838 - 11 - ( 1252 - 5% * 1465.7 )
=30648.285

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

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=294/512.864
=57.33 %

* 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.


Just Group EBIT Related Terms

Thank you for viewing the detailed overview of Just Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Just Group (LSE:JUST) Business Description

Traded in Other Exchanges
Address
Bancroft Road, Enterprise House, Reigate, Surrey, GBR, RH2 7RP
Just Group PLC is a financial service company that offers retirement management services through products, advisory, and professional services. The company's client base includes individuals, financial intermediaries, corporate clients, and pension plan trustees. The insurance segment writes insurance products for the retirement market - which include Guaranteed Income for Life Solutions, Defined Benefit De-risking Solutions, Care Plans, Flexible Pension Plans, and Protection and invests the premiums received from these contracts in debt securities, gilts, liquidity funds, and Lifetime Mortgage advances. The Other segment also includes the group's corporate activities that are involved in managing its liquidity, capital, and investment activities.

Just Group (LSE:JUST) Headlines