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VeriFone Systems's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2018 was $3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2018 was $-12 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VeriFone Systems's annualized ROC % for the quarter that ended in Apr. 2018 was 6.41%. VeriFone Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2018 was 4.55%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. VeriFone Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2018 was -0.35%.
The historical data trend for VeriFone Systems'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.
VeriFone Systems Annual Data | |||||||||||||||||||||
Trend | Oct08 | Oct09 | Oct10 | Oct11 | Oct12 | Oct13 | Oct14 | Oct15 | Oct16 | Oct17 | |||||||||||
EBIT | Get a 7-Day Free Trial | -62.61 | 2.59 | 104.40 | 36.39 | -109.62 |
VeriFone Systems Quarterly Data | ||||||||||||||||||||
Jul13 | Oct13 | Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | Jul16 | Oct16 | Jan17 | Apr17 | Jul17 | Oct17 | Jan18 | Apr18 | |
EBIT | Get a 7-Day Free Trial | -72.60 | -52.12 | 21.76 | 15.56 | 2.54 |
For the Business Equipment & Supplies subindustry, VeriFone Systems'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.
For the Industrial Products industry and Industrials sector, VeriFone Systems's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where VeriFone Systems's EV-to-EBIT falls into.
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 Apr. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12 Mil.
* 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.
VeriFone Systems (NYSE:PAY) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
VeriFone Systems's annualized ROC % for the quarter that ended in Apr. 2018 is calculated as:
ROC % (Q: Apr. 2018 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jan. 2018 ) | + | Invested Capital (Q: Apr. 2018 )) | / count ) |
= | 58.024 * ( 1 - -117.78% ) | / | ( (1998.851 | + | 1942.884) | / 2 ) |
= | 126.3646672 | / | 1970.8675 | |||
= | 6.41 % |
where
Invested Capital | (Q: Jan. 2018 ) | |||||||||||
= | 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 | )) |
= | 2358.452 | - | 206.779 | - | ( 152.822 | - | max(0, 516.294 | - | 696.738 | + | 152.822 | )) |
= | 1998.851 |
Invested Capital | (Q: Apr. 2018 ) | |||||||||||
= | 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 | )) |
= | 2343.38 | - | 232.091 | - | ( 168.405 | - | max(0, 514.286 | - | 749.408 | + | 168.405 | )) |
= | 1942.884 |
Note: The Operating Income data used here is four times the quarterly (Apr. 2018) data.
2. Joel Greenblatt's definition of Return on Capital:
VeriFone Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2018 is calculated as:
ROC (Joel Greenblatt) % | (Q: Apr. 2018 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jan. 2018 | Q: Apr. 2018 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 10.168 | / | ( ( (129.111 + max(94.215, 0)) | + | (126.246 + max(97.153, 0)) ) | / | 2 ) |
= | 10.168 | / | ( ( 223.326 | + | 223.399 ) | / | 2 ) |
= | 10.168 | / | 223.3625 | ||||
= | 4.55 % |
where Working Capital is:
Working Capital | (Q: Jan. 2018 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (295.19 | + | 127.394 | + | 121.332) | - | (206.779 | + | 108.965 | + | 133.957) |
= | 94.215 |
Working Capital | (Q: Apr. 2018 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (320.072 | + | 123.989 | + | 136.942) | - | (232.091 | + | 106.466 | + | 145.293) |
= | 97.153 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Apr. 2018) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
VeriFone Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Apr. 2018 ) |
= | -12.267 | / | 3510.441 | |
= | -0.35 % |
* 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.
Thank you for viewing the detailed overview of VeriFone Systems's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert B Henske | director | 2535 GARCIA AVE, MOUNTAIN VIEW CA 94043 |
Paul Galant | director, officer: CEO | 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134 |
Jane J. Thompson | director | 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408 |
Karen A Austin | director | 3100 WEST BIG BEAVER ROAD, TROY MI 48084 |
Marc E Rothman | officer: EVP & CFO | 1303 E ALGONQUIN ROAD, SCHAUMBURG X1 60196 |
Larry A Klane | director | 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134 |
Robert W Alspaugh | director | C/O AUTOLIV INC, KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-111 64 |
Rowan M Trollope | director | 4000 EXECUTIVE PARKWAY, SUITE #400, SAN RAMON CA 94583 |
Alex W Hart | director | 600 B STREET, SUITE 100, SAN DIEGO CA 92101 |
Ronald D Black | director | 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089 |
Albert Liu | officer: EVP, Corp Dev & Gen Counsel | 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134 |
Wenda Harris Millard | director | C/O YAHOO INC, 701 FIRST AVE, SUNNYVALLE CA 94089 |
William Kenneth Nelson | officer: EVP Global Product Mgmt & Serv | ONE WAYSIDE ROAD BURLINGTON MA 01803 |
Leslie G Denend | director | C/O RATIONAL SOFTWARE CORP, 18880 HOMESTEAD ROAD, CUPERTINO CA 95014 |
Jeffrey E Stiefler | director | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
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