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PRGX Global's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $4.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-0.8 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PRGX Global's annualized ROC % for the quarter that ended in Sep. 2020 was 15.71%. PRGX Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was 42.22%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. PRGX Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -0.42%.
The historical data trend for PRGX Global'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.
PRGX Global Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
EBIT | Get a 7-Day Free Trial | 1.98 | 3.58 | 9.30 | 6.50 | -11.45 |
PRGX Global Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
EBIT | Get a 7-Day Free Trial | -0.96 | -3.62 | -3.59 | 1.73 | 4.71 |
For the Specialty Business Services subindustry, PRGX Global'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.
For the Business Services industry and Industrials sector, PRGX Global's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where PRGX Global's EV-to-EBIT falls into.
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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.8 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.
PRGX Global (NAS:PRGX) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
PRGX Global's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:
ROC % (Q: Sep. 2020 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2020 ) | + | Invested Capital (Q: Sep. 2020 )) | / count ) |
= | 19.372 * ( 1 - 32.43% ) | / | ( (84.71 | + | 81.91) | / 2 ) |
= | 13.0896604 | / | 83.31 | |||
= | 15.71 % |
where
Invested Capital | (Q: Jun. 2020 ) | |||||||||||
= | 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 | )) |
= | 121.935 | - | 16.164 | - | ( 21.061 | - | max(0, 26.363 | - | 62.046 | + | 21.061 | )) |
= | 84.71 |
Invested Capital | (Q: Sep. 2020 ) | |||||||||||
= | 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 | )) |
= | 126.145 | - | 21.61 | - | ( 22.625 | - | max(0, 31.991 | - | 66.09 | + | 22.625 | )) |
= | 81.91 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.
2. Joel Greenblatt's definition of Return on Capital:
PRGX Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2020 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2020 | Q: Sep. 2020 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 18.824 | / | ( ( (30.181 + max(15.387, 0)) | + | (30.792 + max(12.805, 0)) ) | / | 2 ) |
= | 18.824 | / | ( ( 45.568 | + | 43.597 ) | / | 2 ) |
= | 18.824 | / | 44.5825 | ||||
= | 42.22 % |
where Working Capital is:
Working Capital | (Q: Jun. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (32.748 | + | 0 | + | 4.925) | - | (16.164 | + | 1.97 | + | 4.152) |
= | 15.387 |
Working Capital | (Q: Sep. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (35.977 | + | 0 | + | 4.702) | - | (21.61 | + | 1.821 | + | 4.443) |
= | 12.805 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
PRGX Global's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2020 ) |
= | -0.77 | / | 182.201 | |
= | -0.42 % |
* 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.
Thank you for viewing the detailed overview of PRGX Global's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew A Drapkin | director | 10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820 |
Mylle H Mangum | director | 3231 S E SIXTH AVENUE, TOPEKA KS 66607 |
Kevin Costello | director | C/O ARIBA INC, 807 11TH AVENUE, SUNNYVALE CA 94089 |
Joseph E Whitters | director | |
William F Kimble | director | 6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237 |
Simone C Walsh | officer: Controller | 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339 |
Kurt Abkemeier | officer: Chief Financial Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Victor A Allums | officer: SVP & General Counsel | 600 GALLERIA PKWY SE SUITE 100 ATLANTA GA 30339 |
Ronald E. Stewart | director, officer: President & CEO | 5360 LONG ISLAND DRIVE ATLANTA GA 30327 |
Gregory J Owens | director, officer: Executive Chairman | 2755 CAMPUS DR 3RD FL SAN MATEO CA 94403-2538 |
Michael Cochrane | officer: SVP, COO - Global Audit Oper. | 600 GALLERIA PARKWAY SUITE 100 ATLANTA GA 30342 |
Headlands Strategic Opportunities Fund, Lp (the Partnership) | 10 percent owner | ONE EMBARCADERO CENTER SUITE 1600 SAN FRANCISCO CA 94111 |
Headlands Capital Management, Llc | other: General Partner of 10% Owner | ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111 |
Cost David W Jr | other: Member of investment committee | ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111 |
Park David E Iii | other: Member of investment committee | ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111 |
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