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BlackLine (BlackLine) EBIT : $66.4 Mil (TTM As of Dec. 2023)


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What is BlackLine EBIT?

BlackLine's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $27.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $66.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BlackLine's annualized ROC % for the quarter that ended in Dec. 2023 was 4.14%. BlackLine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 319.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BlackLine's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.70%.


BlackLine EBIT Historical Data

The historical data trend for BlackLine'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.

BlackLine EBIT Chart

BlackLine Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.77 -15.39 -37.91 -41.56 66.41

BlackLine Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.30 -4.65 30.46 12.96 27.64

Competitive Comparison of BlackLine's EBIT

For the Software - Application subindustry, BlackLine'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.


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

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

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



BlackLine 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 quarterly data reported by the company within the most recent 12 months, which was $66.4 Mil.

* 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.


BlackLine  (NAS:BL) EBIT Explanation

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

BlackLine'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=55.864 * ( 1 - 7.27% )/( (1236.698 + 1267.693)/ 2 )
=51.8026872/1252.1955
=4.14 %

where

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))
=2016.135 - 66.154 - ( 1161.969 - max(0, 605.857 - 1319.14+1161.969))
=1236.698

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))
=2100.765 - 68.313 - ( 1204.472 - max(0, 642.565 - 1407.324+1204.472))
=1267.693

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

BlackLine'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=110.548/( ( (35.226 + max(-194.787, 0)) + (34.04 + max(-185.594, 0)) )/ 2 )
=110.548/( ( 35.226 + 34.04 )/ 2 )
=110.548/34.633
=319.20 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(130.477 + 0 + 26.694) - (66.154 + 277.804 + 8)
=-194.787

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(171.608 + 0 + 31.244) - (68.313 + 320.133 + 0)
=-185.594

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=66.407/3909.821
=1.70 %

* 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.


BlackLine EBIT Related Terms

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


BlackLine (BlackLine) Business Description

Traded in Other Exchanges
Address
21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The majority of the revenue of the company is earned in the United States.
Executives
Mark Woodhams officer: Chief Revenue Officer 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Thomas Unterman director 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Mika Yamamoto director 21300 VICTORY BLVD.,, 12TH FLOOR, WOODLAND HILLS CA 91367
William Raymond Wagner director C/O VOCUS, INC., 4296 FORBES BOULEVARD, LANHAM MD 20706
Peter Hirsch officer: Chief Technology Officer C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, PLEASANTON CA 94588
Mark Partin officer: Chief Financial Officer 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Marc Huffman officer: Chief Operating Officer C/O NETSUITE INC., 2955 CAMPUS DRIVE, SUITE 100, SAN MATEO CA 94403
Amit Yoran director C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Brunilda Rios director C/O DELL TECHNOLOGIES INC., ONE DELL WAY, ROUND ROCK TX 78682
Owen Ryan director C/O BLACKLINE INC, 21300 VICTORY BOULEVARD 12TH FLOOR, WOODLAND HILLS CA 91367
Therese Tucker director, 10 percent owner, officer: Chief Executive Officer 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Graham Smith director 301 BRANNMAN ST, SAN FRANCISCO CA 94107
Barbara Whye director 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Morgan Karole Prager officer: Chief Legal Officer & Sec'y C/O MCCLATCHY CO, 2100 Q STREET, SACRAMENTO CA 95816
Patrick Villanova officer: Controller 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367

BlackLine (BlackLine) Headlines