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Broadridge Financial Solutions (Broadridge Financial Solutions) EBIT : $1,024 Mil (TTM As of Dec. 2023)


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What is Broadridge Financial Solutions EBIT?

Broadridge Financial Solutions's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $128 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,024 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Broadridge Financial Solutions's annualized ROC % for the quarter that ended in Dec. 2023 was 5.40%. Broadridge Financial Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 99.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Broadridge Financial Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.84%.


Broadridge Financial Solutions EBIT Historical Data

The historical data trend for Broadridge Financial 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.

Broadridge Financial Solutions EBIT Chart

Broadridge Financial Solutions Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 653.20 642.00 753.70 759.90 938.60

Broadridge Financial Solutions 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 108.20 290.40 456.60 149.30 127.60

Competitive Comparison of Broadridge Financial Solutions's EBIT

For the Information Technology Services subindustry, Broadridge Financial 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.


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

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

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



Broadridge Financial 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 quarterly data reported by the company within the most recent 12 months, which was $1,024 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.


Broadridge Financial Solutions  (NYSE:BR) EBIT Explanation

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

Broadridge Financial 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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=497.6 * ( 1 - 19.86% )/( (7426.7 + 7331.2)/ 2 )
=398.77664/7378.95
=5.40 %

where

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

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

Broadridge Financial 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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=510.4/( ( (335.1 + max(209, 0)) + (326.5 + max(154.6, 0)) )/ 2 )
=510.4/( ( 544.1 + 481.1 )/ 2 )
=510.4/512.6
=99.57 %

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)
=(916.2 + 0 + 176.7) - (410.5 + 233.1 + 240.3)
=209

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(892.2 + 0 + 194.4) - (391.6 + 256.6 + 283.8)
=154.6

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1023.9/26670.755
=3.84 %

* 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.


Broadridge Financial Solutions EBIT Related Terms

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Broadridge Financial Solutions (Broadridge Financial Solutions) Business Description

Traded in Other Exchanges
Address
5 Dakota Drive, Suite 300, Lake Success, NY, USA, 11042
Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.
Executives
Christopher John Perry officer: Corporate SVP 1981 MARCUS AVENUE, LAKE SUCCESS NY 11042
Laura Matlin officer: VP, Deputy GC and CGO C/O BROADRIDGE, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Keir D Gumbs officer: CVP and Chief Legal Officer C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Timothy C Gokey officer: Senior Vice President 5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Richard J Daly director, officer: Chief Executive Officer 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas P Carey officer: Corporate VP C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DR., STE 300, LAKE SUCCESS NY 11042
Douglas Richard Deschutter officer: Corporate Vice President 5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Leslie A Brun director 435 DEVON PARK DRIVE, 700 BUILDING, WAYNE PA 19087
Robert Schifellite officer: Corporate Vice President 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert N Duelks director 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert F Kalenka officer: Corporate Vice President 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Richard John Stingi officer: Corporate VP and CHRO C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas J Perna director 89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922
Eileen K Murray director 1585 BROADWAY, NEW YORK NY 10036
Vijay Mayadas officer: VP, Strategy C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NE 11042