Encore Capital Group (Encore Capital Group) EBIT : $21 Mil (TTM As of Mar. 2024)

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What is Encore Capital Group EBIT?

Encore Capital Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Encore Capital Group's annualized ROC % for the quarter that ended in Mar. 2024 was 4.98%. Encore Capital Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 196.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Encore Capital Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.50%.

Encore Capital Group EBIT Historical Data

The historical data trend for Encore Capital 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.

Encore Capital Group EBIT Chart

Encore Capital Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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419.01

492.25

606.19

449.76

5.94

Encore Capital 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															67.63	82.61	77.12	-221.41	82.96

Competitive Comparison of Encore Capital Group's EBIT

For the Mortgage Finance subindustry, Encore Capital 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.

Encore Capital Group's EV-to-EBIT Distribution in the Banks Industry

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

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

Encore Capital 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 $21 Mil.

Encore Capital Group (NAS:ECPG) EBIT Explanation

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

Encore Capital 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 )
=	334.364 * ( 1 - 23.79% )	/	( (4921.043	+	5321.339)	/ 2 )
=	254.8188044	/	5121.191
=	4.98 %

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	))
=	4630.486	-	189.928	-	( 158.364	-	max(0, 689.574	-	209.089	+	158.364	))
=	4921.043

	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	))
=	4687.175	-	180.206	-	( 172.99	-	max(0, 1045.055	-	230.685	+	172.99	))
=	5321.339

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

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

Encore Capital 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 )
=	331.828	/	( ( (170.978 + max(-148.283, 0))	+	(166.019 + max(-132.18, 0)) )	/	2 )
=	331.828	/	( ( 170.978	+	166.019 )	/	2 )
=	331.828	/	168.4985
=	196.93 %

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)
=	(0	+	0	+	41.645)	-	(189.928	+	0	+	-1.1368683772162E-13)
=	-148.283

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	48.026)	-	(180.206	+	0	+	0)
=	-132.18

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	21.274	/	4297.215
	=	0.50 %

Encore Capital Group EBIT Related Terms

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Encore Capital Group (Encore Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Encore Capital Group Inc (NAS:ECPG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ECP:Germany

Address

350 Camino De La Reina, Suite 100, San Diego, CA, USA, 92108

Website

https://www.encorecapital.com

Encore Capital Group Inc is a specialty finance company. It provides debt recovery solutions for consumers and property owners across a broad range of financial assets. The company purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as the consumer repay their obligations and work toward financial recovery. Encore has only a reportable segment being portfolio purchasing and recovery.

Executives

Jonathan C Clark	officer: Executive VP, CFO & Treasurer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Laura Olle	director	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
John Yung	officer: President, Intl. and Cabot	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
William C. Goings	director	1015 A ST, TACOMA WA 98402
Andrew Eric Asch	officer: SVP, General Counsel	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92627
Ryan B Bell	officer: EVP and COO of MCM	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO, CA 92108
Gregory L. Call	officer: Sr. VP, GC & Secretary	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Peter Reck	officer: Chief Accounting Officer	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153
Wendy Hannam	director	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Craig A. Buick	officer: Cabot Credit Management CEO	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
A. Knight Angela	director	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Jeffrey Albert Hilzinger	director	3 CEDAR RIDGE DRIVE, CHESTER NJ 07930
Jcf Iii Europe Holdings L.p.	10 percent owner	C/O J.C. FLOWERS & CO., 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Ashish Masih	officer: EVP, US Debt Purchasing & Ops.	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Kenneth J Stannard	officer: Cabot Credit Management CEO	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108