Karooooo (Karooooo) EBIT : $57.4 Mil (TTM As of Feb. 2024)

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What is Karooooo EBIT?

Karooooo's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $16.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $57.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Karooooo's annualized ROC % for the quarter that ended in Feb. 2024 was 25.79%. Karooooo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 58.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Karooooo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 6.48%.

Karooooo EBIT Historical Data

The historical data trend for Karooooo'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.

Karooooo EBIT Chart

Karooooo Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

EBIT

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42.17

47.72

45.57

50.45

56.87

Karooooo Quarterly Data
	Feb19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
EBIT	Get a 7-Day Free Trial														13.65	12.36	13.66	15.27	16.14

Competitive Comparison of Karooooo's EBIT

For the Software - Application subindustry, Karooooo'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.

Karooooo's EV-to-EBIT Distribution in the Software Industry

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

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

Karooooo 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $57.4 Mil.

Karooooo (NAS:KARO) EBIT Explanation

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

Karooooo's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	62.308 * ( 1 - 28.56% )	/	( (170.191	+	174.992)	/ 2 )
=	44.5128352	/	172.5915
=	25.79 %

where

	Invested Capital		(Q: Nov. 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	))
=	221.647	-	31.38	-	( 42.215	-	max(0, 52.889	-	72.965	+	42.215	))
=	170.191

	Invested Capital		(Q: Feb. 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	))
=	228.214	-	29.058	-	( 24.164	-	max(0, 51.184	-	76.16	+	24.164	))
=	174.992

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

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

Karooooo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	64.552	/	( ( (107.039 + max(-18.47, 0))	+	(109.252 + max(5.29, 0)) )	/	2 )
=	64.552	/	( ( 107.039	+	114.542 )	/	2 )
=	64.552	/	110.7905
=	58.26 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(28.024	+	2.235	+	0)	-	(31.38	+	17.283	+	0.066000000000003)
=	-18.47

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(51.191	+	0.346	+	0.0010000000000048)	-	(29.058	+	17.135	+	0.054999999999993)
=	5.29

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	57.433	/	886.191
	=	6.48 %

Karooooo EBIT Related Terms

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Karooooo (Karooooo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Karooooo Ltd (NAS:KARO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

KRO:South Africa

Address

1 Harbourfront Avenue, Keppel Bay Tower No. 14-07, Singapore, SGP, 098632

Website

https://www.karooooo.com

Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.