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World Acceptance Corporation (NAS:WRLD)
EV/EBIT
8.57 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, World Acceptance Corporation's enterprise value is $1,439.3 Mil. World Acceptance Corporation's operating income for the trailing twelve months (TTM) ended in Dec. 2013 was $168.0 Mil. Therefore, World Acceptance Corporation's EV/EBIT ratio for today is 8.57.

WRLD' s 10-Year EV/EBIT Range
Min: 3.7   Max: 15.2
Current: 8.57

3.7
15.2

During the past 13 years, the highest EV/EBIT Ratio of World Acceptance Corporation was 15.20. The lowest was 3.70. And the median was 10.60.

WRLD's EV/EBITis ranked higher than
92% of the 118 Companies
in the Global Credit Services industry.

( Industry Median: 17.15 vs. WRLD: 8.57 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). World Acceptance Corporation's enterprise value for the quarter that ended in Dec. 2013 was $2,152.0 Mil. World Acceptance Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was $168.0 Mil. World Acceptance Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was 7.81%.


Definition

World Acceptance Corporation's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=1439.277/168.027
=8.57

World Acceptance Corporation's current Enterprise Value is $1,439.3 Mil.
World Acceptance Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 60.339 (Mar. 2013 ) + 36.648 (Jun. 2013 ) + 34.507 (Sep. 2013 ) + 36.533 (Dec. 2013 ) = $168.0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

World Acceptance Corporation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2013 )=Operating Income (TTM)/Enterprise Value (Q: Dec. 2013 )
=168.027/2151.9564
=7.81 %

World Acceptance Corporation's Enterprise Value for the quarter that ended in Dec. 2013 was $2,152.0 Mil.
World Acceptance Corporation's Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was 60.339 (Mar. 2013 ) + 36.648 (Jun. 2013 ) + 34.507 (Sep. 2013 ) + 36.533 (Dec. 2013 ) = $168.0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

World Acceptance Corporation Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
ev2ebit 10.1310.509.7211.218.514.996.378.407.0011.03

World Acceptance Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebit 10.0611.347.009.509.9711.4411.0311.4512.1012.81
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