CPI Card Group (NAS:PMTS) EBIT

: $82.0 Mil (TTM As of Mar. 2023)

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CPI Card Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $20.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $82.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CPI Card Group's annualized ROC % for the quarter that ended in Mar. 2023 was 27.67%. CPI Card Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 56.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CPI Card Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 14.13%.

CPI Card Group EBIT Historical Data

The historical data trend for CPI Card Group'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.

CPI Card Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

4.29

23.37

38.28

59.46

79.13

CPI Card Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT																17.59	15.04	23.38	23.12	20.48

CPI Card Group 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 $82.0 Mil.

CPI Card Group (NAS:PMTS) EBIT Explanation

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

CPI Card Group'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 )
=	82.392 * ( 1 - 20.65% )	/	( (235.461	+	237.131)	/ 2 )
=	65.378052	/	236.296
=	27.67 %

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	))
=	296.666	-	50.168	-	( 11.037	-	max(0, 68.012	-	167.57	+	11.037	))
=	235.461

	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	))
=	298.208	-	46.92	-	( 14.157	-	max(0, 57.46	-	168.332	+	14.157	))
=	237.131

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

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

CPI Card Group'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 )
=	81.936	/	( ( (57.178 + max(82.349, 0))	+	(60.215 + max(91.428, 0)) )	/	2 )
=	81.936	/	( ( 139.527	+	151.643 )	/	2 )
=	81.936	/	145.585
=	56.28 %

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)
=	(68.886	+	68.399	+	7.379)	-	(50.168	+	3.571	+	8.576)
=	82.349

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(64.91	+	69.715	+	8.229)	-	(46.92	+	2.115	+	2.391)
=	91.428

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:

CPI Card Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	82.029	/	580.439
	=	14.13 %

CPI Card Group EBIT Related Terms

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CPI Card Group (NAS:PMTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » CPI Card Group Inc (NAS:PMTS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CPB1:Germany

Address

10368 West Centennial Road, Littleton, CO, USA, 80127

Website

https://www.cpicardgroup.com

CPI Card Group Inc is a payment technology company engaged in providing financial payment card solutions and services. It offers credit, debit and prepaid cards. The business segments of the group are Debit and Credit, which produces Financial Payment Cards and provides integrated card services to card-issuing banks primarily in the United States, and Prepaid Debit, which provides integrated card services to Prepaid Debit Card program managers primarily in the United States and Others. It derives key revenue from the Debit and Credit segment.

Executives

Margaret Elizabeth O'leary	officer: SVP, Prepaid Solutions	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Donna Renee Abbey	officer: Controller & Chief Acct. Off.	10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Sonya Vollmer	officer: Chief Human Resources Officer	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Amintore Schenkel	officer: CFO	7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Lauren Kay Baer	officer: Chief Human Resources Officer	10368 WEST CENTENNIAL ROAD, LITTLETON CO 80127
Thomas M Furey	director	839 W T STREET, WASHOUGAL WA 98671
Marc Sheinbaum	director	24 DEERFIELD ROAD, CHAPPAQUA NY 10514
Scott Scheirman	director, officer: President & CEO	THE WESTERN UNION COMPANY, 12500 EAST BELFORD AVENUE, ENGLEWOOD CO 80112
Kevin Patrick O'brien	officer: Chief Accounting Officer	C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127
Loretta G Frasier	officer: Chief Human Resources Officer	C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, LITTLETON CO 80127
Sarah Elizabeth Williams	officer: Chief Technology Officer	C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, LITTLETON CO 80127
Sarah Kilgore	officer: Chief Legal & Compliance Off.	C/O CPI CARD GROUP, INC., 10026 WEST SAN JUAN WAY, LITTLETON CO 80127
John Daniel Lowe	officer: CFO	C/O CPI CARD GROUP, 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127
Guy Dimaggio	officer: SVP and GM of Secure Card	C/O CPI CARD GROUP INC., 10026 WEST SAN JUAN WAY, LITTLETON CO 80127
Jorg Schneewind	director	10026 WEST SAN JUAN WAY, SUITE 200, LITTLETON CO 80127