Trinet Group (STU:TN3) EBIT : €456 Mil (TTM As of Mar. 2024)

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What is Trinet Group EBIT?

Trinet Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €129 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €456 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trinet Group's annualized ROC % for the quarter that ended in Mar. 2024 was 23.54%. Trinet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1,438.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trinet Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.99%.

Trinet Group EBIT Historical Data

The historical data trend for Trinet 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.

Trinet Group EBIT Chart

Trinet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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261.90

310.72

407.99

491.82

496.10

Trinet 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															174.66	107.99	125.56	93.53	128.80

Competitive Comparison of Trinet Group's EBIT

For the Staffing & Employment Services subindustry, Trinet 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.

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

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

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

Trinet 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 €456 Mil.

Trinet Group (STU:TN3) EBIT Explanation

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

Trinet 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 )
=	448.96 * ( 1 - 26.61% )	/	( (1401.176	+	1398.4)	/ 2 )
=	329.491744	/	1399.788
=	23.54 %

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	))
=	3386.481	-	1879.85	-	( 322.784	-	max(0, 2258.571	-	2364.026	+	322.784	))
=	1401.176

	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	))
=	3650.56	-	2094.84	-	( 352.36	-	max(0, 2455.48	-	2612.8	+	352.36	))
=	1398.4

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

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

Trinet 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 )
=	515.2	/	( ( (37.597 + max(-514.437, 0))	+	(34.04 + max(-511.52, 0)) )	/	2 )
=	515.2	/	( ( 37.597	+	34.04 )	/	2 )
=	515.2	/	35.8185
=	1,438.36 %

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)
=	(16.506	+	0	+	1614.837)	-	(1879.85	+	59.605	+	206.325)
=	-514.437

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.12	+	0	+	1820.68)	-	(2094.84	+	46.92	+	200.56)
=	-511.52

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	455.883	/	5708.267
	=	7.99 %

Trinet Group EBIT Related Terms

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Trinet Group (STU:TN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (STU:TN3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TNET:USA TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Trinet Group (STU:TN3) Headlines

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