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Fair Isaac's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $155 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $663 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fair Isaac's annualized ROC % for the quarter that ended in Dec. 2023 was 40.26%. Fair Isaac's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 381.30%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fair Isaac's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.18%.
The historical data trend for Fair Isaac'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.
Fair Isaac Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 255.82 | 299.18 | 513.23 | 540.28 | 649.17 |
Fair Isaac 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 | 140.70 | 161.37 | 182.33 | 164.77 | 154.75 |
For the Software - Application subindustry, Fair Isaac'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.
For the Software industry and Technology sector, Fair Isaac's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Fair Isaac's EV-to-EBIT falls into.
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 $663 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.
Fair Isaac (NYSE:FICO) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Fair Isaac'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 ) |
= | 605.436 * ( 1 - 7.29% ) | / | ( (1376.352 | + | 1411.934) | / 2 ) |
= | 561.2997156 | / | 1394.143 | |||
= | 40.26 % |
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 | )) |
= | 1575.281 | - | 62.151 | - | ( 136.778 | - | max(0, 367.688 | - | 556.448 | + | 136.778 | )) |
= | 1376.352 |
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 | )) |
= | 1593.518 | - | 49.43 | - | ( 160.421 | - | max(0, 433.109 | - | 565.263 | + | 160.421 | )) |
= | 1411.934 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Fair Isaac'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 ) |
= | 619.008 | / | ( ( (36.669 + max(118.318, 0)) | + | (29.322 + max(140.374, 0)) ) | / | 2 ) |
= | 619.008 | / | ( ( 154.987 | + | 169.696 ) | / | 2 ) |
= | 619.008 | / | 162.3415 | ||||
= | 381.30 % |
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) |
= | (387.947 | + | 0 | + | 31.723) | - | (62.151 | + | 136.73 | + | 102.471) |
= | 118.318 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (367.478 | + | 0 | + | 37.364) | - | (49.43 | + | 146.822 | + | 68.216) |
= | 140.374 |
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:
Fair Isaac's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | 663.219 | / | 30425.042 | |
= | 2.18 % |
* 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.
Thank you for viewing the detailed overview of Fair Isaac's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven P. Weber | officer: Interim Chief Financial Ofc. | 5 WEST MENDENHALL, SUITE 105, BOZEMAN MT 59715 |
Eva Manolis | director | C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065 |
David A Rey | director | 181 METRO DRIVE, SAN JOSE CA 95110 |
Michael S Leonard | officer: CAO and Vice President | 181 METRO DRIVE, SAN JOSE CA 95110 |
Joanna Rees | director | LEAPFROG ENTERPRISES, INC., 6401 HOLLIS STREET SUITE 100, EMERYVILLE CA 94608 |
Braden R Kelly | director | 181 METRO DRIVE, SAN JOSE CA 95110 |
Marc F Mcmorris | director | 181 METRO DRIVE, SAN JOSE CA 95110 |
James M Wehmann | officer: Executive Vice President | 181 METRO DRIVE, SAN JOSE CA 95110 |
Henry Tayloe Stansbury | director | C/O COUPA SOFTWARE INC., 1855 S. GRANT STREET, SAN MATEO CA 94402 |
Nikhil Behl | officer: Executive Vice President | 601 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98004 |
Stephanie Covert | officer: Executive Vice President | 181 METRO DR., SAN JOSE CA 95110 |
James Kirsner | director | 5858 HORTON STREET, SUITE 350, EMERYVILLE CA 94608 |
Thomas A. Bowers | officer: Executive Vice President | 181 METRO DR., #600, SAN JOSE CA 95110 |
Richard Deal | officer: Vice President | 181 METRO DRIVE, SAN JOSE CA 95110 |
Mark R Scadina | officer: V.P., General Counsel & Sec. | 181 METRO DRIVE, SAN JOSE CA 95110 |
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