Oceania Healthcare (NZSE:OCA) EBIT : NZ$44.4 Mil (TTM As of Mar. 2024)

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What is Oceania Healthcare EBIT?

Oceania Healthcare's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was NZ$3.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$44.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oceania Healthcare's annualized ROC % for the quarter that ended in Mar. 2024 was -0.24%. Oceania Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oceania Healthcare's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.26%.

Oceania Healthcare EBIT Historical Data

The historical data trend for Oceania Healthcare'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.

Oceania Healthcare EBIT Chart

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Mar24

EBIT

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34.79

-23.05

65.10

25.87

44.37

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial									27.52	14.96	10.91	40.95	3.42

Competitive Comparison of Oceania Healthcare's EBIT

For the Medical Care Facilities subindustry, Oceania Healthcare'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.

Oceania Healthcare's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Oceania Healthcare's EV-to-EBIT distribution charts can be found below:

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

Oceania Healthcare 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 semi-annually data reported by the company within the most recent 12 months, which was NZ$44.4 Mil.

Oceania Healthcare (NZSE:OCA) EBIT Explanation

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

Oceania Healthcare'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: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-9.094 * ( 1 - 7.26% )	/	( (3490.645	+	3654.822)	/ 2 )
=	-8.4337756	/	3572.7335
=	-0.24 %

where

	Invested Capital		(Q: Sep. 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	))
=	2689.79	-	52.093	-	( 10.29	-	max(0, 1049.386	-	196.438	+	10.29	))
=	3490.645

	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	))
=	2782.348	-	52.057	-	( 7.485	-	max(0, 1104.169	-	179.638	+	7.485	))
=	3654.822

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

Oceania Healthcare'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: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6.84	/	( ( (758.705 + max(-863.238, 0))	+	(781.66 + max(-1030.419, 0)) )	/	2 )
=	6.84	/	( ( 758.705	+	781.66 )	/	2 )
=	6.84	/	770.1825
=	0.89 %

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)
=	(121.53	+	0	+	64.618)	-	(52.093	+	0	+	997.293)
=	-863.238

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21.632	+	0	+	52.118)	-	(52.057	+	47.337	+	1004.775)
=	-1030.419

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

Oceania Healthcare's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	44.367	/	1042.555
	=	4.26 %

Oceania Healthcare EBIT Related Terms

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Oceania Healthcare (NZSE:OCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oceania Healthcare Ltd (NZSE:OCA) » Definitions » EBIT

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OCA:Australia

Address

80 Queen Street, Level 11, Deloitte Building, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.