GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Green Dot Corp (NYSE:GDOT) » Definitions » EBIT

Green Dot (Green Dot) EBIT : $20 Mil (TTM As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Green Dot EBIT?

Green Dot's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Green Dot's annualized ROC % for the quarter that ended in Dec. 2023 was -1.44%. Green Dot's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -59.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Green Dot's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.66%.


Green Dot EBIT Historical Data

The historical data trend for Green Dot'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.

Green Dot EBIT Chart

Green Dot 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 121.05 29.31 66.32 94.12 19.64

Green Dot 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 7.97 49.35 4.55 -7.08 -27.18

Competitive Comparison of Green Dot's EBIT

For the Credit Services subindustry, Green Dot'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.


Green Dot's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Green Dot's EV-to-EBIT distribution charts can be found below:

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



Green Dot 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 $20 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.


Green Dot  (NYSE:GDOT) EBIT Explanation

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

Green Dot'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 )
=-108.712 * ( 1 - 9.7% )/( (6738.093 + 6914.806)/ 2 )
=-98.166936/6826.4495
=-1.44 %

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))
=4663.573 - 201.926 - ( 750.98 - max(0, 3816.37 - 1539.924+750.98))
=6738.093

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))
=4817.122 - 217.596 - ( 716.122 - max(0, 3953.19 - 1637.91+716.122))
=6914.806

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

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

Green Dot'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 )
=-108.712/( ( (180.556 + max(-3051.264, 0)) + (184.718 + max(-3001.239, 0)) )/ 2 )
=-108.712/( ( 180.556 + 184.718 )/ 2 )
=-108.712/182.637
=-59.52 %

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)
=(29.828 + 0 + 731.774) - (201.926 + 368.415 + 3242.525)
=-3051.264

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33.961 + 0 + 853.621) - (217.596 + 320.621 + 3350.604)
=-3001.239

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=19.643/-168.516
=-11.66 %

* 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.


Green Dot EBIT Related Terms

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


Green Dot (Green Dot) Business Description

Traded in Other Exchanges
N/A
Address
114 West 7th Street, Suite 240, Austin, TX, USA, 78701
Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. Through its Account Services segment, the company offers GoBank mobile checking and Visa- or Mastercard-branded prepaid debit cards, both reloadable and non-reloadable. Green Dot also supplies private-label reloadable cards for Wal-Mart. Account services revenue is generated through monthly maintenance fees, ATM fees, new card fees, and interchange fees. The company's Processing and Settlement Services segment generates revenue through service fees on debit card reloads and tax refund processing. The tax refund processing business earns fees when customers of third-party tax preparers choose to pay the preparer's fee through Green Dot's service.
Executives
Michelleta Razon director 114 WEST 7TH STREET, SUITE 240, AUSTIN TX 78701
Starboard Value Gp Llc 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value Lp 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Lp 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Gp Llc 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity S Llc other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund Ltd other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity C Lp other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Jeffrey C Smith 10 percent owner, other: See Footnote 2 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Starboard Value R Lp other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard X Master Fund Ltd other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value L Lp other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Gp Llc other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund L Lp other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Christian Devin Ruppel officer: Chief Revenue Officer 114 W 7TH STREET,, SUITE 240, AUSTIN TX 78701