Bravura Solutions (ASX:BVS) EBIT : A$-89.4 Mil (TTM As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Bravura Solutions EBIT?

Bravura Solutions's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$0.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-89.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bravura Solutions's annualized ROC % for the quarter that ended in Dec. 2023 was -3.26%. Bravura Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bravura Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.86%.

Bravura Solutions EBIT Historical Data

The historical data trend for Bravura 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.

Bravura Solutions EBIT Chart

Bravura Solutions Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

41.70

47.95

40.79

35.05

-280.61

Bravura Solutions Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial										18.63	16.42	-190.46	-90.14	0.70

Competitive Comparison of Bravura Solutions's EBIT

For the Software - Application subindustry, Bravura 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.

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

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

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

Bravura 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-89.4 Mil.

Bravura Solutions (ASX:BVS) EBIT Explanation

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

Bravura Solutions'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 )
=	1.738 * ( 1 - 408.55% )	/	( (168.903	+	160.538)	/ 2 )
=	-5.362599	/	164.7205
=	-3.26 %

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	))
=	254.472	-	17.89	-	( 75.749	-	max(0, 101.433	-	169.112	+	75.749	))
=	168.903

	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	))
=	238.73	-	9.163	-	( 88.344	-	max(0, 87.94	-	156.969	+	88.344	))
=	160.538

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:

Bravura Solutions'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 )
=	1.4	/	( ( (38.578 + max(-3.965, 0))	+	(35.807 + max(-12.726, 0)) )	/	2 )
=	1.4	/	( ( 38.578	+	35.807 )	/	2 )
=	1.4	/	37.1925
=	3.76 %

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)
=	(56.555	+	0	+	33.798)	-	(17.89	+	36.777	+	39.651)
=	-3.965

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.023	+	0	+	28.602)	-	(9.163	+	0.042	+	72.146)
=	-12.726

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-89.441	/	564.045
	=	-15.86 %

Bravura Solutions EBIT Related Terms

Thank you for viewing the detailed overview of Bravura Solutions's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Bravura Solutions (ASX:BVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bravura Solutions Ltd (ASX:BVS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BRA:Germany

Address

345 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.bravurasolutions.com

Bravura Solutions Ltd is engaged in the development, licensing and maintenance of highly specialized administration and management software applications as well as the provision of professional consulting services. It has two operating segments: Wealth Management and Funds Administration. The company generates maximum revenue from the Wealth Management segment. Wealth Management segment platforms provide end-to-end processing to support all back-office functions relating to the daily management of superannuation, pensions, life insurance, investment, private wealth and portfolio administration. Geographically, it derives a majority of revenue from Australia and also has a presence in the UK, New Zealand, and Other Countries.