SPS Commerce (SPS Commerce) EBIT : $75.9 Mil (TTM As of Mar. 2024)

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What is SPS Commerce EBIT?

SPS Commerce's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $15.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $75.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPS Commerce's annualized ROC % for the quarter that ended in Mar. 2024 was 11.20%. SPS Commerce's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 143.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SPS Commerce's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.10%.

SPS Commerce EBIT Historical Data

The historical data trend for SPS Commerce'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.

SPS Commerce EBIT Chart

SPS Commerce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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38.41

50.16

55.09

71.18

77.25

SPS Commerce 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															16.73	17.03	20.60	22.89	15.40

Competitive Comparison of SPS Commerce's EBIT

For the Software - Infrastructure subindustry, SPS Commerce'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.

SPS Commerce's EV-to-EBIT Distribution in the Software Industry

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

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

SPS Commerce 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 $75.9 Mil.

SPS Commerce (NAS:SPSC) EBIT Explanation

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

SPS Commerce'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 )
=	61.612 * ( 1 - 2.87% )	/	( (537.638	+	530.728)	/ 2 )
=	59.8437356	/	534.183
=	11.20 %

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	))
=	823.844	-	15.434	-	( 275.44	-	max(0, 130.669	-	401.441	+	275.44	))
=	537.638

	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	))
=	839.847	-	23.047	-	( 290.811	-	max(0, 134.216	-	420.288	+	290.811	))
=	530.728

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

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

SPS Commerce'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 )
=	61.612	/	( ( (43.905 + max(-0.20800000000001, 0))	+	(42.256 + max(-0.26099999999997, 0)) )	/	2 )
=	61.612	/	( ( 43.905	+	42.256 )	/	2 )
=	61.612	/	43.0805
=	143.02 %

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)
=	(46.84	+	0	+	79.161)	-	(15.434	+	69.187	+	41.588)
=	-0.20800000000001

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(52.135	+	0	+	77.342)	-	(23.047	+	73.701	+	32.99)
=	-0.26099999999997

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:

SPS Commerce's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	75.92	/	6930.093
	=	1.10 %

SPS Commerce EBIT Related Terms

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SPS Commerce (SPS Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SPS Commerce Inc (NAS:SPSC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

S86:Germany

Address

333 South Seventh Street, Suite 1000, Minneapolis, MN, USA, 55402

Website

https://www.spscommerce.com

SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.

Executives

Marty M Reaume	director	TWILIO INC, 375 BEALE STREET SUITE 300, SAN FRANCISCO CA 94105
Archie C. Black	director, officer: President & CEO	333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Philip Soran	director	12982 VALLEY VIEW RD, EDEN PRAIRIE MN 55344
Kimberly K. Nelson	officer: EVP & CFO	2800 MOUNT RIDGE ROAD, ROSEVILLE MN 55113
Sven Wehrwein	director
Chadwick Collins	director, officer: Chief Executive Officer	333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
James J. Frome	officer: EVP & Chief Strategy Officer	333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
James Burr Ramsey	director	C/O NETSUITE INC, 2955 CAMPUS DRIVE SUITE 100, SAN MATEO CA 94403
Anne Sempowski Ward	director	C/O VANDA PHARMACEUTICALS INC., 2200 PENNSYLVANIA AVENUE, SUITE 300E, WASHINGTON DC 20037
Martin J Leestma	director	333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Michael A Smerklo	director	C/O SERVICESOURCE INTERNATIONAL, INC., 634 SECOND STREET, SAN FRANCISCO CA 94107
Michael J Mcconnell	director	P.O. BOX 6280, NEWPORT BEACH CA 92658
Melvin L Keating	director	18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Tami Reller	director	C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Spencer George H. Iii	director, 10 percent owner	C/O SEYEN CAPITAL, 150 NORTH WACKER DR., SUITE 660, CHICAGO IL 60606