Elevate Credit (Elevate Credit) EBIT : $-22.8 Mil (TTM As of Sep. 2022)

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What is Elevate Credit EBIT?

Elevate Credit's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $8.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-22.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elevate Credit's annualized ROC % for the quarter that ended in Sep. 2022 was 15.51%. Elevate Credit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 67.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Elevate Credit's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -4.05%.

Elevate Credit EBIT Historical Data

The historical data trend for Elevate Credit'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.

Elevate Credit EBIT Chart

Elevate Credit Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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76.06

87.42

100.89

96.13

-2.90

Elevate Credit Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial															-3.30	-30.29	-5.98	5.01	8.48

Competitive Comparison of Elevate Credit's EBIT

For the Credit Services subindustry, Elevate Credit'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.

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

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

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

Elevate Credit 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.8 Mil.

Elevate Credit (NYSE:ELVT) EBIT Explanation

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

Elevate Credit's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	35.36 * ( 1 - -190.62% )	/	( (646.946	+	677.825)	/ 2 )
=	102.763232	/	662.3855
=	15.51 %

where

	Invested Capital		(Q: Jun. 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	))
=	782.012	-	61.106	-	( 73.96	-	max(0, 64.365	-	710.521	+	73.96	))
=	646.946

	Invested Capital		(Q: Sep. 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	))
=	789.215	-	38.791	-	( 72.599	-	max(0, 43.271	-	727.448	+	72.599	))
=	677.825

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Elevate Credit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	33.928	/	( ( (49.993 + max(-44.689, 0))	+	(49.997 + max(-26.772, 0)) )	/	2 )
=	33.928	/	( ( 49.993	+	49.997 )	/	2 )
=	33.928	/	49.995
=	67.86 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	19.676)	-	(61.106	+	3.259	+	0)
=	-44.689

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	16.499)	-	(38.791	+	4.48	+	0)
=	-26.772

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

Elevate Credit's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-22.787	/	563.020
	=	-4.05 %

Elevate Credit EBIT Related Terms

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Elevate Credit (Elevate Credit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Elevate Credit Inc (NYSE:ELVT) » Definitions » EBIT

Comparable Companies

NICK JT BWMY AHG NISN YRD FIGI LMFA PT XYF V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

4150 International Plaza, Suite 300, Fort Worth, TX, USA, 76109

Website

https://www.elevate.com

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States.

Executives

Bradley R. Strock	director	C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109
Christopher Lutes	officer: Chief Financial Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Steven Austin Trussell	officer: Chief Financial Officer	4150 INTERNATIONAL PKWY, STE 300, FT. WORTH TX 76109
David Curry Peterson	officer: Chief Credit Officer	C/O ELEVATE CREDIT, 4150 INTERNATIONAL PLAZA, STE 300, FORT WORTH TX 76109
Scott Greever	director, officer: Managing Director, UK	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jason Harvison	director, officer: Chief Operating Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jesse K Bray	director	8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019
Rodriquez Manuel Sanchez	director	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael T. Pugh	director	CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027
Head Tyler W. K.	director	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Linda Stinson	10 percent owner	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Tcv Management 2004 Llc	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Member Fund, L.p.	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Technology Crossover Management V Llc	10 percent owner, other: May be part of a 13(g) group	C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Tcv V Lp	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301