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Corpay (Corpay) EBIT : $1,674 Mil (TTM As of Dec. 2023)


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What is Corpay EBIT?

Corpay's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $426 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,674 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corpay's annualized ROC % for the quarter that ended in Dec. 2023 was 9.98%. Corpay's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 111.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corpay's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.28%.


Corpay EBIT Historical Data

The historical data trend for Corpay'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.

Corpay EBIT Chart

Corpay 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 1,227.87 1,012.33 1,222.51 1,440.32 1,673.61

Corpay 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 371.59 374.64 415.06 458.38 425.54

Competitive Comparison of Corpay's EBIT

For the Software - Infrastructure subindustry, Corpay'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.


Corpay's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Corpay's EV-to-EBIT distribution charts can be found below:

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



Corpay 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 $1,674 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.


Corpay  (NYSE:CPAY) EBIT Explanation

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

Corpay'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 )
=1696.204 * ( 1 - 23.28% )/( (12853.709 + 13236.627)/ 2 )
=1301.3277088/13045.168
=9.98 %

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))
=15264.467 - 2288.719 - ( 1094.234 - max(0, 6738.219 - 6860.258+1094.234))
=12853.709

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))
=15476.252 - 1981.113 - ( 1389.648 - max(0, 6825.753 - 7084.265+1389.648))
=13236.627

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

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

Corpay'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 )
=1702.152/( ( (329.992 + max(1373.608, 0)) + (343.154 + max(995.613, 0)) )/ 2 )
=1702.152/( ( 1703.6 + 1338.767 )/ 2 )
=1702.152/1521.1835
=111.90 %

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)
=(2655.275 + 0 + 3110.749) - (2288.719 + 1783.311 + 320.386)
=1373.608

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2161.586 + 0 + 3533.031) - (1981.113 + 2397.279 + 320.612)
=995.613

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1673.612/26642.498
=6.28 %

* 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.


Corpay EBIT Related Terms

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


Corpay (Corpay) Business Description

Traded in Other Exchanges
Address
3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305
Fleetcor Technologies Inc is a provider of specialised payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialised payment services. Fleetcor's systems enable its customers to manage and control their commercial payments and loyalty-card programmes. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customised analysis solutions to its clients, offering business productivity tracking capabilities. United States is the largest geographic operating segment.
Executives
Gerald C Throop director C/O CERIDIAN HCM HOLDING INC., 3311 EAST OLD SHAKOPEE ROAD, MINNEAPOLIS MN 55425
Thomas E Panther officer: Chief Financial Officer 10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30328
Rahul Gupta director 255 FISERV DRIVE, BROOKFIELD WI 53045
Annabelle G Bexiga director 1075 JORDAN CREEK PARKWAY, SUITE 300, WEST DES MOINES IA 50266
Alan King officer: President UK and Aust/NewZea 5445 TRIANGLE PARKWAY, NORCROSS GA 30092
Eric Dey officer: CFO & Secretary 655 ENGINEERING DRIVE, SUITE 300, NORCROSS GA 30092
Jones Archie L Jr. director 3280 PEACHTREE ROAD, ATLANTA GA 30305
Alissa B Vickery officer: Chief Accounting Officer 3280 PEACHTREE ROAD, SUITE 2400, ATLANTA GA 30305
Alexey Gavrilenya officer: President East/Central Europe 5445 TRIANGLE PARKWAY, NORCROSS GA 30092
David J Krantz officer: Group President, NA Fuel 5445 TRIANGLE PARKWAY, SUITE 400, PEACHTREE CORNERS 2Q 30092
Hala G Moddelmog director
Jeffrey Steven Sloan director 5048 NORTHSIDE DRIVE, ATLANTA GA 30327
John Coughlin officer: Exec VP, Corp Development 655 ENGINEERING DRIVE, SUITE 300, NORCROSS GA 30092
Armando Lins Netto officer: CEO Brazil 5455 TRIANGLE PARKWAY, NORCROSS GA 30092
Richard Macchia director C/O INTERNET SECURITY SYSTEMS INC, 6303 BARFIELD RD, ATLANTA GA 30328