Sapiens International NV (Sapiens International NV) EBIT : $78.9 Mil (TTM As of Dec. 2023)

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What is Sapiens International NV EBIT?

Sapiens International NV's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $20.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $78.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sapiens International NV's annualized ROC % for the quarter that ended in Dec. 2023 was 15.46%. Sapiens International NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 226.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sapiens International NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.84%.

Sapiens International NV EBIT Historical Data

The historical data trend for Sapiens International NV'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.

Sapiens International NV EBIT Chart

Sapiens International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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38.13

45.12

60.19

66.98

78.87

Sapiens International NV 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															16.97	18.89	19.62	20.27	20.09

Competitive Comparison of Sapiens International NV's EBIT

For the Software - Application subindustry, Sapiens International NV'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.

Sapiens International NV's EV-to-EBIT Distribution in the Software Industry

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

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

Sapiens International NV 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 $78.9 Mil.

Sapiens International NV (NAS:SPNS) EBIT Explanation

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

Sapiens International NV'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 )
=	80.356 * ( 1 - 17.55% )	/	( (417.601	+	439.681)	/ 2 )
=	66.253522	/	428.641
=	15.46 %

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	))
=	650.153	-	81.766	-	( 172.461	-	max(0, 139.601	-	290.387	+	172.461	))
=	417.601

	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	))
=	689.624	-	84.164	-	( 202.116	-	max(0, 149.124	-	314.903	+	202.116	))
=	439.681

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

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

Sapiens International NV'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 )
=	80.356	/	( ( (34.759 + max(-14.053, 0))	+	(36.218 + max(-62.681, 0)) )	/	2 )
=	80.356	/	( ( 34.759	+	36.218 )	/	2 )
=	80.356	/	35.4885
=	226.43 %

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)
=	(98.833	+	0	+	0)	-	(81.766	+	31.12	+	0)
=	-14.053

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.024	+	0	+	0)	-	(84.164	+	38.541	+	0)
=	-62.681

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:

Sapiens International NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	78.868	/	1629.380
	=	4.84 %

Sapiens International NV EBIT Related Terms

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Sapiens International NV (Sapiens International NV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SPNS:Israel S3P:Germany S3P:Germany

Address

26 Harokmim Street, Azrieli Center, Holon, ISR, 5885800

Website

https://www.sapiens.com

Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modelling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, and other European countries and Rest of the World and derives the majority of its income from North American region.