The GEO Group (The GEO Group) EBIT : $356 Mil (TTM As of Dec. 2023)

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The GEO Group EBIT Definition

The GEO Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $356 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The GEO Group's annualized ROC % for the quarter that ended in Dec. 2023 was 8.38%. The GEO Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The GEO Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.62%.

The GEO Group EBIT Historical Data

The historical data trend for The GEO 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.

The GEO Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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324.55

250.97

322.28

394.37

356.34

The GEO Group 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															108.50	93.69	94.23	86.09	82.32

Competitive Comparison

For the Security & Protection Services subindustry, The GEO 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.

The GEO Group EV-to-EBIT Distribution

For the Business Services industry and Industrials sector, The GEO Group's EV-to-EBIT distribution charts can be found below:

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

The GEO 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 $356 Mil.

The GEO Group (NYSE:GEO) EBIT Explanation

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

The GEO 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 )
=	335.04 * ( 1 - 18.42% )	/	( (3273.537	+	3248.423)	/ 2 )
=	273.325632	/	3260.98
=	8.38 %

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	))
=	3724.383	-	345.513	-	( 141.02	-	max(0, 433.326	-	538.659	+	141.02	))
=	3273.537

	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	))
=	3696.406	-	356.942	-	( 93.971	-	max(0, 437.464	-	528.505	+	93.971	))
=	3248.423

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

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

The GEO 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 )
=	329.288	/	( ( (2058.076 + max(52.126, 0))	+	(2046.482 + max(77.592, 0)) )	/	2 )
=	329.288	/	( ( 2110.202	+	2124.074 )	/	2 )
=	329.288	/	2117.138
=	15.55 %

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)
=	(356.501	+	0	+	41.138)	-	(345.513	+	0	+	5.6843418860808E-14)
=	52.126

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(390.023	+	0	+	44.511)	-	(356.942	+	0	+	0)
=	77.592

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:

The GEO Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	356.34	/	3705.903
	=	9.62 %

The GEO Group EBIT Related Terms

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The GEO Group (The GEO Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The GEO Group Inc (NYSE:GEO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GEO1:Mexico GEG:Germany GEG:Germany

Address

4955 Technology Way, Boca Raton, FL, USA, 33431

Website

https://www.geogroup.com

The GEO Group Inc specializes in detention facilities and community-reentry centers. It operates in four segments: U.S. Secure Services, which primarily encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; Reentry Services conducts its services in the United States represents services provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs; and International Services.

Executives

Shayn P. March	officer: VP of Finance and Treasurer	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Scott Michael Kernan	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
James H. Black	officer: SVP & Pres, Secure Services	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Christopher D. Ryan	officer: Senior VP, Human Resources	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Lindsay L. Koren	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Matthew Albence	officer: Senior VP, Client Relations	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Andrew N Shapiro	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Thomas C. Bartzokis	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Terry P. Mayotte	director	C/O TREAN INSURANCE GROUP, INC., 150 LAKE STREET WEST, WAYZATA MN 55391
Jack Brewer	director	6200 EXCELSIOR BLVD., SUITE 104, ST. LOUIS PARK MN 55416
George C Zoley	director, officer: Chairman & CEO	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Anne N Foreman	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Richard H Glanton	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Duane Helkowski	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Blake Davis	officer: Pres. GEO Secure Services	4955 TECHNOLOGY WAY, BOCA RATON FL 33431