Robert Walters (FRA:RBW) EBIT : €30 Mil (TTM As of Dec. 2023)

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What is Robert Walters EBIT?

Robert Walters's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Robert Walters's annualized ROC % for the quarter that ended in Dec. 2023 was 9.01%. Robert Walters's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Robert Walters's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.38%.

Robert Walters EBIT Historical Data

The historical data trend for Robert Walters'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.

Robert Walters EBIT Chart

Robert Walters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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60.63

17.57

62.61

67.95

29.72

Robert Walters Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															34.95	32.62	35.76	12.24	17.53

Competitive Comparison of Robert Walters's EBIT

For the Staffing & Employment Services subindustry, Robert Walters'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.

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

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

* The bar in red indicates where Robert Walters's EV-to-EBIT falls into.

Robert Walters 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 semi-annually data reported by the company within the most recent 12 months, which was €30 Mil.

Robert Walters (FRA:RBW) EBIT Explanation

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

Robert Walters'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	35.054 * ( 1 - 36.22% )	/	( (206.627	+	289.842)	/ 2 )
=	22.3574412	/	248.2345
=	9.01 %

where

	Invested Capital		(Q: Jun. 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	))
=	495.763	-	185.532	-	( 103.604	-	max(0, 229.468	-	346.125	+	103.604	))
=	206.627

	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	))
=	482.528	-	81.601	-	( 111.085	-	max(0, 217.41	-	328.843	+	111.085	))
=	289.842

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Robert Walters'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	35.054	/	( ( (102.089 + max(55.823, 0))	+	(96.111 + max(-27.975, 0)) )	/	2 )
=	35.054	/	( ( 157.912	+	96.111 )	/	2 )
=	35.054	/	127.0115
=	27.60 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(235.645	+	0	+	6.876)	-	(185.532	+	0	+	1.166)
=	55.823

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(135.228	+	0	+	14.973)	-	(81.601	+	0	+	96.575)
=	-27.975

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Robert Walters's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	29.764	/	355.199
	=	8.38 %

Robert Walters EBIT Related Terms

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Robert Walters (FRA:RBW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Robert Walters PLC (FRA:RBW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

RWAl:UK RWA.GB:UK RWA:UK

Address

11 Slingsby Place, St Martin's Courtyard, London, GBR, WC2E 9AB

Website

https://www.robertwaltersgroup.com

Robert Walters PLC is a specialist professional recruitment group. The company specialises in the placement of the highest calibre professionals across the disciplines of accountancy and finance, banking, engineering, HR, healthcare, IT, legal, sales, marketing, secretarial and support and supply chain, logistics and procurement. Its client base ranges from blue-chip corporates and financial services organisations to SMEs and start-ups. The Group's outsourcing division, Resource Solutions, is engaged in recruitment process outsourcing and managed services. Its geographical area of operation includes Asia Pacific, UK, Europe, and Other International. It generates the most of the revenue from the Asia Pacific.

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