Asseco Business Solutions (WAR:ABS) EBIT : zł115.0 Mil (TTM As of Mar. 2024)

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What is Asseco Business Solutions EBIT?

Asseco Business Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was zł27.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was zł115.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asseco Business Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was 21.37%. Asseco Business Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 119.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asseco Business Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.89%.

Asseco Business Solutions EBIT Historical Data

The historical data trend for Asseco Business Solutions'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.

Asseco Business Solutions EBIT Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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88.57

91.43

94.83

101.08

111.87

Asseco Business Solutions 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															24.31	23.81	30.07	33.75	27.34

Competitive Comparison of Asseco Business Solutions's EBIT

For the Software - Application subindustry, Asseco Business Solutions'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.

Asseco Business Solutions's EV-to-EBIT Distribution in the Software Industry

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

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

Asseco Business Solutions 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 zł115.0 Mil.

Asseco Business Solutions (WAR:ABS) EBIT Explanation

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

Asseco Business Solutions'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 )
=	106.616 * ( 1 - 11.01% )	/	( (435.968	+	451.892)	/ 2 )
=	94.8775784	/	443.93
=	21.37 %

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	))
=	493.219	-	16.959	-	( 52.999	-	max(0, 69.273	-	109.565	+	52.999	))
=	435.968

	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	))
=	519.81	-	5.421	-	( 71.977	-	max(0, 70.312	-	132.809	+	71.977	))
=	451.892

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

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

Asseco Business Solutions'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 )
=	109.372	/	( ( (90.906 + max(-7.543, 0))	+	(92.676 + max(-6.141, 0)) )	/	2 )
=	109.372	/	( ( 90.906	+	92.676 )	/	2 )
=	109.372	/	91.791
=	119.15 %

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)
=	(53.003	+	0.269	+	1.212)	-	(16.959	+	0	+	45.068)
=	-7.543

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(51.682	+	0.448	+	4.43)	-	(5.421	+	0	+	57.28)
=	-6.141

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:

Asseco Business Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	114.97	/	1950.618
	=	5.89 %

Asseco Business Solutions EBIT Related Terms

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Asseco Business Solutions (WAR:ABS) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

9QQ:Germany

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

Asseco Business Solutions (WAR:ABS) Headlines

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