Life Healthcare Group Holdings (JSE:LHC) EBIT : R2,489 Mil (TTM As of Sep. 2023)

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What is Life Healthcare Group Holdings EBIT?

Life Healthcare Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was R978 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was R2,489 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Life Healthcare Group Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 2.74%. Life Healthcare Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 8.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Life Healthcare Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 8.92%.

Life Healthcare Group Holdings EBIT Historical Data

The historical data trend for Life Healthcare Group 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.

Life Healthcare Group Holdings EBIT Chart

Life Healthcare Group Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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4,453.00

2,113.00

3,043.00

2,548.00

2,489.00

Life Healthcare Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															1,630.00	1,333.00	1,215.00	1,511.00	978.00

Competitive Comparison of Life Healthcare Group Holdings's EBIT

For the Medical Care Facilities subindustry, Life Healthcare Group 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.

Life Healthcare Group Holdings's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Life Healthcare Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Life Healthcare Group Holdings's EV-to-EBIT falls into.

Life Healthcare Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R2,489 Mil.

Life Healthcare Group Holdings (JSE:LHC) EBIT Explanation

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

Life Healthcare Group Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	1432 * ( 1 - 18.14% )	/	( (44063	+	41376)	/ 2 )
=	1172.2352	/	42719.5
=	2.74 %

where

	Invested Capital		(Q: Mar. 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	))
=	44272	-	0	-	( 1368	-	max(0, 7789	-	7998	+	1368	))
=	44063

	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	))
=	45615	-	3393	-	( 846	-	max(0, 11198	-	29414	+	846	))
=	41376

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

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

Life Healthcare Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1956	/	( ( (15971 + max(838, 0))	+	(10572 + max(19258, 0)) )	/	2 )
=	1956	/	( ( 16809	+	29830 )	/	2 )
=	1956	/	23319.5
=	8.39 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	6630)	-	(0	+	0	+	5792)
=	838

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3081	+	451	+	24745)	-	(3393	+	0	+	5626)
=	19258

When net working capital is negative, 0 is used.

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

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

Life Healthcare Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	2489	/	27896.967
	=	8.92 %

Life Healthcare Group Holdings EBIT Related Terms

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Life Healthcare Group Holdings (JSE:LHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Life Healthcare Group Holdings Ltd (JSE:LHC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LTGHY:USA L53:Germany

Address

203 Oxford Road, Building 2, Oxford Parks, Corner Eastwood and Oxford Roads, Dunkeld, Johannesburg, GT, ZAF, 2196

Website

https://www.lifehealthcare.co.za

Life Healthcare Group Holdings Ltd is an international and diversified healthcare organization based in South Africa. The firm's segments include hospitals and complementary services, healthcare services, and Radiopharmaceutical products. The hospitals and complementary services segment generates majority of the revenue. Its services include mental healthcare, acute rehabilitation, renal dialysis, and oncology. The smaller growth initiatives segment focuses on clinical quality products, and outpatient business in South Africa.

Life Healthcare Group Holdings (JSE:LHC) Headlines

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