PRGX Global (PRGX Global) EBIT : $-0.8 Mil (TTM As of Sep. 2020)

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What is PRGX Global EBIT?

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%.

PRGX Global EBIT Historical Data

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.

* Premium members only.

PRGX Global EBIT Chart

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

Competitive Comparison of PRGX Global's EBIT

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.

PRGX Global's EV-to-EBIT Distribution in the Business Services Industry

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.

PRGX Global 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.8 Mil.

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 %

PRGX Global EBIT Related Terms

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PRGX Global (PRGX Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PRGX Global Inc (NAS:PRGX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Galleria Parkway, Suite 100, Atlanta, GA, USA, 30339-5986

Website

https://www.prgx.com

PRGX Global Inc is engaged in providing recovery audit and spends analytics service. Its services include recovery audit, spend analytics and supplier information management services. The company conducts its operations through three reportable segments: Recovery Audit Services - Americas, Recovery Audit Services - Europe/Asia-Pacific and Adjacent Services. The Recovery Audit Services - Americas segment are the largest segment in terms of clients served and revenue generated. The Recovery Audit Services - Europe/Asia-Pacific segment represents recovery audit services provided in Europe, Asia, and the Pacific region. Adjacent Services offerings are generally provided to clients on a global basis. The vast majority of the firm's revenue comes from recovery audit.

Executives

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