Avast (AVASF) EBIT : $382.7 Mil (TTM As of Jun. 2022)

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What is Avast EBIT?

Avast's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2022 was $189.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $382.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avast's annualized ROC % for the quarter that ended in Jun. 2022 was 8.80%. Avast's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 485.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avast's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 4.09%.

Avast EBIT Historical Data

The historical data trend for Avast'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.

Avast EBIT Chart

Avast Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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61.50

268.30

373.30

271.80

477.10

Avast Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
EBIT	Get a 7-Day Free Trial							133.80	138.00	283.60	193.50	189.20

Competitive Comparison of Avast's EBIT

For the Software - Infrastructure subindustry, Avast'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.

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

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

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

Avast 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 Jun. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $382.7 Mil.

Avast (OTCPK:AVASF) EBIT Explanation

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

Avast's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	345.2 * ( 1 - 18.92% )	/	( (2945.9	+	3413.6)	/ 2 )
=	279.88816	/	3179.75
=	8.80 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	2896	-	47.2	-	( 434.7	-	max(0, 634.6	-	537.5	+	434.7	))
=	2945.9

	Invested Capital		(Q: Jun. 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	))
=	3105.2	-	85.5	-	( 338.2	-	max(0, 839.8	-	445.9	+	338.2	))
=	3413.6

Note: The Operating Income data used here is two times the semi-annual (Jun. 2022) data.

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

Avast's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	378.4	/	( ( (80.4 + max(-483.8, 0))	+	(75.4 + max(-486.7, 0)) )	/	2 )
=	378.4	/	( ( 80.4	+	75.4 )	/	2 )
=	378.4	/	77.9
=	485.75 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.4	+	0	+	49.4)	-	(47.2	+	0	+	539.4)
=	-483.8

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.3	+	0	+	49.4)	-	(85.5	+	0	+	508.9)
=	-486.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2022 )
	=	382.7	/	9351.968
	=	4.09 %

Avast EBIT Related Terms

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Avast (AVASF) Business Description

Industry

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Address

110 High Holborn, London, GBR, WC1V 6JS

Website

https://www.avast.com

Avast PLC is a provider of security software to the consumer market as measured by the number of users. The company operates in two segments: consumer products and products for small & medium businesses. Its product portfolio includes Avast SecureLine VPN, Avast AntiTrack, and Avast BreachGuard solutions. Avast's geographical segments are United States, United Kingdom, France, Germany, and other countries.