Wavestone (XPAR:WAVE) EBIT : €78.3 Mil (TTM As of Sep. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Wavestone EBIT?

Wavestone's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was €33.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was €78.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wavestone's annualized ROC % for the quarter that ended in Sep. 2023 was 12.45%. Wavestone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 318.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wavestone's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 5.09%.

Wavestone EBIT Historical Data

The historical data trend for Wavestone'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.

Wavestone EBIT Chart

Wavestone Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

Get a 7-Day Free Trial

52.32

52.29

41.82

72.81

70.35

Wavestone Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															29.85	42.97	25.24	45.11	33.21

Competitive Comparison of Wavestone's EBIT

For the Information Technology Services subindustry, Wavestone'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.

Wavestone's EV-to-EBIT Distribution in the Software Industry

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

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

Wavestone 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €78.3 Mil.

Wavestone (XPAR:WAVE) EBIT Explanation

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

Wavestone's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	71.686 * ( 1 - 28.59% )	/	( (410.937	+	411.219)	/ 2 )
=	51.1909726	/	411.078
=	12.45 %

where

	Invested Capital		(Q: Mar. 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	))
=	536.788	-	55.027	-	( 70.824	-	max(0, 174.254	-	263.968	+	70.824	))
=	410.937

	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	))
=	517.424	-	52.068	-	( 54.137	-	max(0, 147.605	-	247.616	+	54.137	))
=	411.219

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Wavestone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	66.41	/	( ( (21.993 + max(-35.676, 0))	+	(19.718 + max(-2.425, 0)) )	/	2 )
=	66.41	/	( ( 21.993	+	19.718 )	/	2 )
=	66.41	/	20.8555
=	318.43 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(113.403	+	0	+	14.864)	-	(55.027	+	0	+	108.916)
=	-35.676

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(118.937	+	0	+	15.803)	-	(52.068	+	0	+	85.097)
=	-2.425

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	78.312	/	1538.871
	=	5.09 %

Wavestone EBIT Related Terms

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

Wavestone (XPAR:WAVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wavestone SA (XPAR:WAVE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2WSA:Germany

Address

100-101 Terrasse Boieldieu, Tour Franklin, Paris La Defense Cedex, Paris, FRA, 92042

Website

https://www.wavestone.com

Wavestone SA is a management and Information Technology consulting firm. The company serves Services, Consumer goods and distribution, Energy and Utilities, Manufacturing, Public sector and International Institutions, and the Transport and Travel sector. Its technologies include IT and Data architecture, Cybersecurity and digital trust, and others. It provides services such as financial risks and purchases, management and financing of innovation, supply chain, and others. Geographically, it generates the majority of its revenue from France.