PRA Group (PRA Group) EBIT : $78.7 Mil (TTM As of Mar. 2024)

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What is PRA Group EBIT?

PRA Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $32.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $78.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PRA Group's annualized ROC % for the quarter that ended in Mar. 2024 was 2.70%. PRA Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PRA Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.02%.

PRA Group EBIT Historical Data

The historical data trend for PRA 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.

PRA Group EBIT Chart

PRA Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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261.52

207.99

250.85

206.49

-8.13

PRA Group 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															-54.49	22.92	12.07	11.38	32.34

Competitive Comparison of PRA Group's EBIT

For the Credit Services subindustry, PRA 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.

PRA Group's EV-to-EBIT Distribution in the Credit Services Industry

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

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

PRA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $78.7 Mil.

PRA Group (NAS:PRAA) EBIT Explanation

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

PRA Group'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 )
=	138.084 * ( 1 - 16.88% )	/	( (4256.696	+	4240.825)	/ 2 )
=	114.7754208	/	4248.7605
=	2.70 %

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	))
=	4525.354	-	156.13	-	( 112.528	-	max(0, 1709.434	-	3796.839	+	112.528	))
=	4256.696

	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	))
=	4482.182	-	133.257	-	( 108.1	-	max(0, 1727.152	-	3790.362	+	108.1	))
=	4240.825

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

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

PRA Group'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 )
=	129.368	/	( ( (82.327 + max(3384.879, 0))	+	(78.241 + max(3403.679, 0)) )	/	2 )
=	129.368	/	( ( 3467.206	+	3481.92 )	/	2 )
=	129.368	/	3474.563
=	3.72 %

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)
=	(3656.598	+	0	+	0)	-	(156.13	+	0	+	115.589)
=	3384.879

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3650.195	+	0	+	0)	-	(133.257	+	0	+	113.259)
=	3403.679

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	78.709	/	3898.162
	=	2.02 %

PRA Group EBIT Related Terms

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PRA Group (PRA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PRA Group Inc (NAS:PRAA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

POV1:Germany

Address

120 Corporate Boulevard, Norfolk, VA, USA, 23502

Website

https://www.pragroup.com

PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. With thousands of employees worldwide, PRA Group collaborate with customers to help them resolve their debt.

Executives

Rakesh Sehgal	officer: Chief Financial Officer	150 CORPORATE BLVD, NORFOLK VA 23502
Steven D Fredrickson	director, officer: President, CEO, Chairman	120 CORPORATE BLVD STE 100, NORFOLK VA 23502
Marjorie Mary Connelly	director	2580 PALMER DR, KESWICK VA 22947
Vikram A Atal	director	C/O THE STUDENT LOAN CORP. LEGAL DEPT., 750 WASHINGTON BLVD. 9TH FLOOR, STAMFORD CT 06901
Richard Owen James	officer: Global Investments Officer	150 CORPORATE BLVD, NORFOLK VA 23502
Steven C Roberts	officer: Chief Global Strategy Bus Dev	120 CORPORATE BLVD, NORFOLK VA 23502
Latisha Owens Tarrant	officer: General Counsel & CHRO	150 CORPORATE BLVD, NORFOLK VA 23502
Kevin P Stevenson	officer: EVP, CFO, Treasurer, Asst Secy	120 CORPORATE BLVD STE 100, NORFOLK VA 23502
Peter M Graham	officer: EVP, Chief Financial Officer	150 CORPORATE BLVD, NORFOLK VA 23502
John H Fain	director	REFLECTIONS II, THIRD FLOOR 200 GOLDEN OAK COURT, VIRGINIA BEACH VA 23452
Laura White	officer: Chief Compliance Officer	120 CORPORATE BLVD, NORFOLK VA 23502
Christopher B Graves	officer: EVP, Core Acquisitions	150 CORPORATE BOULEVARD, NORFOLK VA 23502
Christopher D. Lagow	officer: SVP- General Counsel	150 CORPORATE BLVD, NORFOLK VA 23502
Peggy P. Turner	director	6565 HEADQUARTERS DRIVE, PLANO TX 75024
Martin Sjolund	officer: Dir Europe Strategy & Bus Dev	3 EDDISCOMBE RD, LONDON X0 SW6 4TZ