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Xerox Holdings (Xerox Holdings) EBIT

: $40 Mil (TTM As of Dec. 2023)
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Xerox Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xerox Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 2.74%. Xerox Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -26.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xerox Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.77%.


Xerox Holdings EBIT Historical Data

The historical data trend for Xerox 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.

Xerox Holdings 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 927.00 346.00 -376.00 -234.00 40.00

Xerox Holdings 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 167.00 99.00 -77.00 77.00 -59.00

Competitive Comparison

For the Information Technology Services subindustry, Xerox Holdings'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.


Xerox Holdings EV-to-EBIT Distribution

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

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



Xerox 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $40 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.


Xerox Holdings  (NAS:XRX) EBIT Explanation

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

Xerox Holdings'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 )
=344 * ( 1 - 34.48% )/( (8236 + 8192)/ 2 )
=225.3888/8214
=2.74 %

where

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

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

Xerox Holdings'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 )
=-236/( ( (530 + max(547, 0)) + (703 + max(-508, 0)) )/ 2 )
=-236/( ( 1077 + 703 )/ 2 )
=-236/890
=-26.52 %

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)
=(1727 + 728 + 228) - (1860 + 0 + 276)
=547

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(781 + 661 + 221) - (1418 + 147 + 606)
=-508

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=40/5199.329
=0.77 %

* 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.


Xerox Holdings EBIT Related Terms

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Xerox Holdings (Xerox Holdings) Business Description

Address
201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.
Executives
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Darwin Deason 10 percent owner 2828 N HASKELL AVENUE, BLDG 1 FL-10, DALLAS TX 75204
Suzan Morno-wade officer: EVP & CHRO XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851-1056
Steven John Bandrowczak officer: President and COO C/O NORTEL NETWORKS CORPORATION, 195 THE WEST MALL, TORONTO A6 M9C 5K1
Mirlanda Gecaj officer: VP & CAO XEROX HOLDINGS CORPORATION, 201 MERRITT 7, NORWALK CT 06851
Philip Giordano director 100 EAST DILDO DRIVE, MIAMI BEACH FL 33139
A. Scott Letier director 5956 SHERRY LN, SUITE 800, DALLAS TX 75225
Jesse Lynn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Nichelle Maynard-elliott director PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Hernandez Margarita Palau director 300 N. SAN RAFAEL AVE., PASADENA CA 91105
Steven D Miller director 16690 COLLINS AVENUE, PH, SUNNY ISLE BEACH FL 33160
James Larry Nelson director 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Jacques-edouard Gueden officer: Executive Vice President XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851
John G Bruno officer: President and COO
Naresh Shanker officer: SVP, Chief Technology Officer XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851