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Mr. Cooper Group (Mr. Cooper Group) EBIT

: $613 Mil (TTM As of Dec. 2023)
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Mr. Cooper Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $613 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mr. Cooper Group's annualized ROC % for the quarter that ended in Dec. 2023 was 1.26%. Mr. Cooper Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 151.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mr. Cooper Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.18%.


Mr. Cooper Group EBIT Historical Data

The historical data trend for Mr. Cooper Group'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => -39.00 [6] => 537.00 [7] => 1,409.00 [8] => 1,027.00 [9] => 613.00 )
Mr. Cooper Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -39.00 537.00 1,409.00 1,027.00 613.00

Mr. Cooper Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only - 44.00 203.00 294.00 72.00

Competitive Comparison

For the Mortgage Finance subindustry, Mr. Cooper Group'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.


Mr. Cooper Group EV-to-EBIT Distribution

For the Banks industry and Financial Services sector, Mr. Cooper Group's EV-to-EBIT distribution charts can be found below:

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



Mr. Cooper Group 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 $613 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.


Mr. Cooper Group  (NAS:COOP) EBIT Explanation

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

Mr. Cooper Group'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 )
=288 * ( 1 - 33.33% )/( (14617 + 15835)/ 2 )
=192.0096/15226
=1.26 %

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:

Mr. Cooper Group'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 )
=288/( ( (59 + max(2, 0)) + (53 + max(267, 0)) )/ 2 )
=288/( ( 61 + 320 )/ 2 )
=288/190.5
=151.18 %

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)
=(922 + 0 + 1044) - (1964 + 0 + 0)
=2

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1166 + 0 + 1096) - (1995 + 0 + 0)
=267

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:

Mr. Cooper Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=613/11826.404
=5.18 %

* 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.


Mr. Cooper Group EBIT Related Terms

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Mr. Cooper Group (Mr. Cooper Group) Business Description

Traded in Other Exchanges
Address
8950 Cypress Waters Boulevard, Coppell, TX, USA, 75019
Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has two operating segments namely Servicing segment which performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, and customer service and The Originations segment originates residential mortgage loans through a direct-to-consumer channel, which provides refinance options for existing customers, and through a correspondent channel, which purchases or originates loans from mortgage bankers and brokers.
Executives
Jesse K Bray director, officer: President and CEO 8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019
Shveta Mujumdar director 8950 CYPRESS WATERS BLVD., COPPELL TX 75019
Michael R Rawls officer: EVP, Servicing 8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019
Carlos M Pelayo officer: EVP & Chief Legal Officer 8950 CYPRESS WATERS BLVD., COPPELL TX 75019
Jaime Gow officer: EVP & Chief Financial Officer 8950 CYPRESS WATERS BLVD., COPPELL TX 75019
Eldridge A. Burns officer: EVP and Chief Legal Officer 8950 CYPRESS WATERS BLVD., COPPELL TX 75019
Daniela Jorge director 8950 CYPRESS WATERS BLVD., COPPELL TX 75019
Kurt G Johnson officer: EVP, Chief Risk & Compliance 8950 CYPRESS WATERS BLVD., COPPELL TX 75019
Robert H Gidel director 677 N WASHINGTON BLVD, SARASOTA FL 34236
Kkr Group Partnership L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Wand Investors Corp 10 percent owner 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Tagar Olson director C/O KKR & CO. L.P., 9 W. 57TH ST., SUITE 4200, NEW YORK NY 10019
Anthony L Ebers officer: EVP and COO 888 E. WALNUT STREET, PASADENA CA 91101
Simon Greene 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Christopher G Marshall officer: Vice Chairman 8950 CYPRESS WATERS BLVD., COPPELL TX 75019