GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RE/MAX Holdings Inc (NYSE:RMAX) » Definitions » EBIT

RE/MAX Holdings (RE/MAX Holdings) EBIT : $-8.6 Mil (TTM As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is RE/MAX Holdings EBIT?

RE/MAX Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $5.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RE/MAX Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 5.73%. RE/MAX Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 66.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RE/MAX Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.48%.


RE/MAX Holdings EBIT Historical Data

The historical data trend for RE/MAX Holdings'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.

RE/MAX Holdings EBIT Chart

RE/MAX Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.53 38.93 -10.82 39.03 -5.80

RE/MAX Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.96 14.51 -19.70 -8.56 5.15

Competitive Comparison of RE/MAX Holdings's EBIT

For the Real Estate Services subindustry, RE/MAX Holdings'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.


RE/MAX Holdings's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, RE/MAX Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where RE/MAX Holdings's EV-to-EBIT falls into.



RE/MAX Holdings 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 $-8.6 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.


RE/MAX Holdings  (NYSE:RMAX) EBIT Explanation

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

RE/MAX Holdings'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 )
=18.096 * ( 1 - -36.66% )/( (436.182 + 426.831)/ 2 )
=24.7299936/431.5065
=5.73 %

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))
=577.15 - 113.722 - ( 82.623 - max(0, 149.319 - 176.565+82.623))
=436.182

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))
=566.722 - 109.03 - ( 82.077 - max(0, 144.872 - 175.733+82.077))
=426.831

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

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

RE/MAX Holdings'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 )
=20.612/( ( (31.646 + max(-44.563, 0)) + (30.646 + max(-40.603, 0)) )/ 2 )
=20.612/( ( 31.646 + 30.646 )/ 2 )
=20.612/31.146
=66.18 %

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)
=(33.427 + 0 + 58.809) - (113.722 + 23.077 + 0)
=-44.563

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33.182 + 0 + 58.459) - (109.03 + 23.214 + 0)
=-40.603

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:

RE/MAX Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-8.603/582.391
=-1.48 %

* 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.


RE/MAX Holdings EBIT Related Terms

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


RE/MAX Holdings (RE/MAX Holdings) Business Description

Traded in Other Exchanges
Address
5075 South Syracuse Street, Denver, CO, USA, 80237
RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Other. It generates maximum revenue from the Real Estate segment.
Executives
Magnolia Capital Fund, Lp 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Leah R Jenkins officer: VP, Chief Accounting Officer 5075 S. SYRACUSE ST., DENVER CO 80237
Kathleen J Cunningham director 5075 S. SYRACUSE ST., DENVER CO 80237
Norman K. Jenkins director 9211 GLADYS FARM WAY, GAITHERSBURG MD 20882
Adam W Grosshans officer: VP, Chief Accounting Officer 5075 S SYRACUSE ST, DENVER CO 80218
Katherine Lee Scherping director 6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111
Ronald E. Harrison director 5075 S. SYRACUSE ST., DENVER CO 80237
William Grady Ligon officer: Chief Information Officer 5075 S. SYRACUSE ST., DENVER CO 80237
Susan L Winders officer: Vice President General Counsel 5075 S. SYRACUSE ST., DENVER CO 80237
Adam K Peterson 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Magnolia Group, Llc 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Annita M Menogan director 5075 S. SYRACUSE ST., DENVER CO 80237
Brett A Ritchie officer: VP, Chief Accounting Officer 5075 S. SYRACUSE ST., DENVER CO 80237
Daniel J. Predovich director 5075 S. SYRACUSE ST., DENVER CO 80237
Laura G. Kelly director PO BOX 807, 663 HIGHWAY 60, MONETT MO 65708