LexinFintech Holdings (NAS:LX) EBIT

: $199 Mil (TTM As of Mar. 2023)

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LexinFintech Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $199 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LexinFintech Holdings's annualized ROC % for the quarter that ended in Mar. 2023 was 4.09%. LexinFintech Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 14.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LexinFintech Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 13.28%.

LexinFintech Holdings EBIT Historical Data

The historical data trend for LexinFintech Holdings'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.

LexinFintech Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

309.80

391.48

116.70

444.74

155.52

LexinFintech Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT																18.31	33.39	51.67	54.76	58.90

LexinFintech Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $199 Mil.

LexinFintech Holdings (NAS:LX) EBIT Explanation

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

LexinFintech Holdings's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	137.388 * ( 1 - 18.49% )	/	( (2708.085	+	2772.179)	/ 2 )
=	111.9849588	/	2740.132
=	4.09 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	3266.162	-	305.033	-	( 253.044	-	max(0, 1790.369	-	2550.613	+	253.044	))
=	2708.085

	Invested Capital		(Q: Mar. 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	))
=	3569.556	-	464.766	-	( 332.611	-	max(0, 1920.647	-	2828.68	+	332.611	))
=	2772.179

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

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

LexinFintech Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	235.596	/	( ( (40.821 + max(1501.275, 0))	+	(47.481 + max(1708.714, 0)) )	/	2 )
=	235.596	/	( ( 1542.096	+	1756.195 )	/	2 )
=	235.596	/	1649.1455
=	14.29 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(917.699	+	7.734	+	1266.394)	-	(305.033	+	133.452	+	252.067)
=	1501.275

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(808.084	+	7.388	+	1679.66)	-	(464.766	+	163.014	+	158.638)
=	1708.714

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	198.722	/	1496.249
	=	13.28 %

LexinFintech Holdings EBIT Related Terms

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LexinFintech Holdings (NAS:LX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LexinFintech Holdings Ltd (NAS:LX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

1LFA:Germany

Address

No. 3099 Keyuan South Road, 27th Floor, China Energy Storage Tower, Nanshan District, Shenzhen, CHN, 518057

Website

http://ir.lexin.com

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged primarily in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.