Barrett Business Services (Barrett Business Services) EBIT : $69 Mil (TTM As of Dec. 2023)

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What is Barrett Business Services EBIT?

Barrett Business Services's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Barrett Business Services's annualized ROC % for the quarter that ended in Dec. 2023 was 16.39%. Barrett Business Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 115.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Barrett Business Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.40%.

Barrett Business Services EBIT Historical Data

The historical data trend for Barrett Business Services'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.

Barrett Business Services EBIT Chart

Barrett Business Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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62.93

43.84

51.03

65.44

69.15

Barrett Business Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															16.47	0.99	23.66	24.75	19.75

Competitive Comparison of Barrett Business Services's EBIT

For the Staffing & Employment Services subindustry, Barrett Business Services'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.

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

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

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

Barrett Business Services 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $69 Mil.

Barrett Business Services (NAS:BBSI) EBIT Explanation

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

Barrett Business Services's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	72.792 * ( 1 - 26.12% )	/	( (324.391	+	331.927)	/ 2 )
=	53.7787296	/	328.159
=	16.39 %

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	))
=	690.008	-	279.265	-	( 129.232	-	max(0, 341.109	-	427.461	+	129.232	))
=	324.391

	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	))
=	721.538	-	285.361	-	( 152.195	-	max(0, 343.252	-	447.502	+	152.195	))
=	331.927

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Barrett Business Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	79.012	/	( ( (67.107 + max(-36.127, 0))	+	(70.193 + max(-49.309, 0)) )	/	2 )
=	79.012	/	( ( 67.107	+	70.193 )	/	2 )
=	79.012	/	68.65
=	115.09 %

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)
=	(205.217	+	0	+	93.012)	-	(279.265	+	0	+	55.091)
=	-36.127

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(171.407	+	0	+	115.913)	-	(285.361	+	0	+	51.268)
=	-49.309

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Barrett Business Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	69.154	/	664.968
	=	10.40 %

Barrett Business Services EBIT Related Terms

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Barrett Business Services (Barrett Business Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Barrett Business Services Inc (NAS:BBSI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BB1:Germany

Address

8100 NE Parkway Drive, Suite 200, Vancouver, WA, USA, 98662

Website

https://www.bbsi.com

Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll taxes services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.

Executives

Joseph Stephen Clabby	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Anthony Meeker	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Thomas J Carley	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Jon L Justesen	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Alexandra Morehouse Mcreynolds	director	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gary Kramer	officer: VP - Finance, Treas. & Sec.	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Diane L Dewbrey	director	FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Vincent P Price	director	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James B Hicks	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Carla A Moradi	director	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James R Potts	officer: EVP Gen Counsel & Secretary	8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Anthony J Harris	officer: Chief Financial Officer	8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Gerald Blotz	officer: VP and COO--Field Operations	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Michael L Elich	officer: VP and Chief Operating Officer	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gregory R Vaughn	officer: Vice President	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662