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Conduent (Conduent) EBIT : $-86 Mil (TTM As of Mar. 2024)


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What is Conduent EBIT?

Conduent's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $154 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-86 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Conduent's annualized ROC % for the quarter that ended in Mar. 2024 was 1.10%. Conduent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 107.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Conduent's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.16%.


Conduent EBIT Historical Data

The historical data trend for Conduent'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.

Conduent EBIT Chart

Conduent 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 -2,028.00 -79.00 30.00 -43.00 -221.00

Conduent 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 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 19.00 20.00 -285.00 25.00 154.00

Competitive Comparison of Conduent's EBIT

For the Information Technology Services subindustry, Conduent'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.


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

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

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



Conduent 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 $-86 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.


Conduent  (NAS:CNDT) EBIT Explanation

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

Conduent'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 )
=32 * ( 1 - 22.05% )/( (2270 + 2245)/ 2 )
=24.944/2257.5
=1.10 %

where

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

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

Conduent'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 )
=616/( ( (388 + max(153, 0)) + (374 + max(230, 0)) )/ 2 )
=616/( ( 541 + 604 )/ 2 )
=616/572.5
=107.60 %

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)
=(559 + 0 + 374) - (394 + 91 + 295)
=153

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(600 + 0 + 392) - (398 + 94 + 270)
=230

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-86/1666.959
=-5.16 %

* 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.


Conduent EBIT Related Terms

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Conduent (Conduent) Business Description

Traded in Other Exchanges
Address
100 Campus Drive, Suite 200, Florham Park, NJ, USA, 07932
Conduent Inc acts as a provider of business process services with expertise in transaction-intensive processing, analytics, and automation. The company provides industry-focused service offerings in growth markets such as Healthcare and Transportation as well as provides multi-industry services such as transaction processing, customer care, and payment services. It operates through three segments namely Commercial Industries which is the key revenue-driving segment, Government Services, and Transportation. The group operates its business in the United States, Europe, and Other areas of which the majority of its revenue is generated in the United States.
Executives
Clifford Skelton officer: Pres.& Chief Operating Officer 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Stephen Henry Wood officer: VP, Corporate Controller 100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
Randall Edmon King officer: EVP, Commercial Solutions 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Mark E King officer: EVP, Government Solutions 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Louis Edward Keyes officer: Executive Vice President & CRO 100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
Michael E Krawitz officer: EVP, GC & Secretary 1690 S CONGRESS AVE, STE 201, DELRAY BEACH FL 33445
Mark Simon Brewer officer: EVP & President -Public Sector 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Mark Prout officer: EVP, Chief Information Officer 100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
A. Scott Letier director 5956 SHERRY LN, SUITE 800, DALLAS TX 75225
Steven D Miller director 16690 COLLINS AVENUE, PH, SUNNY ISLE BEACH FL 33160
Hunter Clark Gary director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Michael Montelongo director 203 EAST MAIN STREET, SPARTANBURG SC 29319
Hernandez Margarita Palau director 300 N. SAN RAFAEL AVE., PASADENA CA 91105
Higgins Victor Kathy J director 7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160