Envision Healthcare (Envision Healthcare) EBIT : $639 Mil (TTM As of Jun. 2018)

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What is Envision Healthcare EBIT?

Envision Healthcare's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2018 was $162 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2018 was $639 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Envision Healthcare's annualized ROC % for the quarter that ended in Jun. 2018 was 5.26%. Envision Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 63.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Envision Healthcare's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 11.45%.

Envision Healthcare EBIT Historical Data

The historical data trend for Envision Healthcare'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.

Envision Healthcare EBIT Chart

Envision Healthcare Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

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327.28

383.90

564.60

561.80

669.70

Envision Healthcare Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
EBIT	Get a 7-Day Free Trial															195.40	177.20	146.10	153.30	162.40

Competitive Comparison of Envision Healthcare's EBIT

For the Medical Care Facilities subindustry, Envision Healthcare'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.

Envision Healthcare's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Envision Healthcare's EV-to-EBIT distribution charts can be found below:

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

Envision Healthcare 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 Jun. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $639 Mil.

Envision Healthcare (NYSE:EVHC) EBIT Explanation

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

Envision Healthcare's annualized ROC % for the quarter that ended in Jun. 2018 is calculated as:

	ROC % (Q: Jun. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2018 )	+	Invested Capital (Q: Jun. 2018 ))	/ count )
=	649.6 * ( 1 - 5.37% )	/	( (12608	+	10764.2)	/ 2 )
=	614.71648	/	11686.1
=	5.26 %

where

	Invested Capital		(Q: Mar. 2018 )
=	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	))
=	14384.5	-	1009.1	-	( 767.4	-	max(0, 1118.3	-	2534	+	767.4	))
=	12608

	Invested Capital		(Q: Jun. 2018 )
=	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	))
=	12313.1	-	955.4	-	( 593.5	-	max(0, 968.4	-	2365.3	+	593.5	))
=	10764.2

Note: The Operating Income data used here is four times the quarterly (Jun. 2018) data.

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

Envision Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2018		Q: Jun. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	649.6	/	( ( (284 + max(661, 0))	+	(288.4 + max(812.4, 0)) )	/	2 )
=	649.6	/	( ( 945	+	1100.8 )	/	2 )
=	649.6	/	1022.9
=	63.51 %

where Working Capital is:

	Working Capital		(Q: Mar. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1532.8	+	22.1	+	211.7)	-	(1009.1	+	16.5	+	80)
=	661

	Working Capital		(Q: Jun. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1543.5	+	22.1	+	202.2)	-	(955.4	+	0	+	0)
=	812.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2018) EBIT data.

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

Envision Healthcare's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2018 )
	=	639	/	5582.800
	=	11.45 %

Envision Healthcare EBIT Related Terms

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Envision Healthcare (Envision Healthcare) Business Description

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Website

https://www.evhc.net

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