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CRA International's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $17.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $64.2 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CRA International's annualized ROC % for the quarter that ended in Sep. 2024 was 10.34%. CRA International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 55.77%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. CRA International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.51%.
The historical data trend for CRA International'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.
CRA International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 28.05 | 34.84 | 55.25 | 60.63 | 56.10 |
CRA International Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial | 11.55 | 16.16 | 19.48 | 11.10 | 17.49 |
For the Consulting Services subindustry, CRA International'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, CRA International's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where CRA International'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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $64.2 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.
CRA International (NAS:CRAI) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
CRA International's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 73.564 * ( 1 - 28.65% ) | / | ( (490.539 | + | 525.108) | / 2 ) |
= | 52.487914 | / | 507.8235 | |||
= | 10.34 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | 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 | )) |
= | 546.012 | - | 36.964 | - | ( 24.649 | - | max(0, 252.671 | - | 271.18 | + | 24.649 | )) |
= | 490.539 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | 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 | )) |
= | 582.343 | - | 39.952 | - | ( 24.481 | - | max(0, 268.257 | - | 285.54 | + | 24.481 | )) |
= | 525.108 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
CRA International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 69.948 | / | ( ( (118.155 + max(7.184, 0)) | + | (125.528 + max(-19.789, 0)) ) | / | 2 ) |
= | 69.948 | / | ( ( 125.339 | + | 125.528 ) | / | 2 ) |
= | 69.948 | / | 125.4335 | ||||
= | 55.77 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (140.141 | + | 0 | + | 15.748) | - | (36.964 | + | 3.976 | + | 107.765) |
= | 7.184 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (152.116 | + | 0 | + | 17.726) | - | (39.952 | + | 6.466 | + | 143.213) |
= | -19.789 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
CRA International's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2024 ) |
= | 64.219 | / | 1424.854 | |
= | 4.51 % |
* 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 CRA International's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul A Maleh | officer: EVP, Platform Leader | 200 CLARENDON STREET, T-9, BOSTON MA 02116 |
Jonathan D Yellin | officer: EVP and General Counsel | 200 CLARENDON STREET, T-9, BOSTON MA 02116 |
Daniel K. Mahoney | officer: CFO, EVP and Treasurer | C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116 |
Christine Rose Detrick | director | 200 CLARENDON STREET, T-9, BOSTON MA 02116 |
Thomas Aiken Avery | director | 465 LAUREL CHASE COURT, ATLANTA GA 30327 |
Chad M Holmes | officer: CFO, EVP and Treasurer | 200 CLARENDON STREET, T-9, BOSTON MA 02116 |
Heather Tookes | director | C/O FTAC OLYMPUS ACQUISITION CORP., 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104 |
Robert W Holthausen | director | 200 CLARENDON STREET, T-9, BOSTON MA 02116 |
Alva Taylor | director | C/O CRA INTERNATIONAL, INC., 200 CLARENDON STREET, BOSTON MA 02116 |
Nancy Hawthorne | director | AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803 |
Richard Douglas Booth | director | 200 CLARENDON STREET, T-9, BOSTON MA 02116 |
William F Concannon | director | 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166 |
Rowland Moriarty | director | 200 CLARENDON ST T33, BOSTON MA 02116 |
Robert A Whitman | director | 4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE, DALLAS TX 75201 |
Douglas C Miller | officer: VP, Chief Accounting Officer | ONE AMERICAN ROW, P.O. BOX 5056, HARTFORD CT 06052 |
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