GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » ITT Educational Services Inc (OTCPK:ESINQ) » Definitions » EBIT

ESINQ (ITT Educational Services) EBIT : $67.6 Mil (TTM As of Jun. 2016)


View and export this data going back to 1994. Start your Free Trial

What is ITT Educational Services EBIT?

ITT Educational Services's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2016 was $13.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $67.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ITT Educational Services's annualized ROC % for the quarter that ended in Jun. 2016 was 5.70%. ITT Educational Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 39.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.


ITT Educational Services EBIT Historical Data

The historical data trend for ITT Educational Services'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.

ITT Educational Services EBIT Chart

ITT Educational Services Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 512.16 231.71 -11.96 77.95 79.25

ITT Educational Services Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.66 12.53 27.40 14.29 13.34

Competitive Comparison of ITT Educational Services's EBIT

For the Education & Training Services subindustry, ITT Educational Services'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.


ITT Educational Services's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, ITT Educational Services's EV-to-EBIT distribution charts can be found below:

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



ITT Educational Services 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $67.6 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.


ITT Educational Services  (OTCPK:ESINQ) EBIT Explanation

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

ITT Educational Services's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

ROC % (Q: Jun. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2016 ) + Invested Capital (Q: Jun. 2016 ))/ count )
=59.048 * ( 1 - 40.17% )/( (642.724 + 597.733)/ 2 )
=35.3284184/620.2285
=5.70 %

where

Invested Capital(Q: Mar. 2016 )
=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))
=622.391 - 56.694 - ( 108.663 - max(0, 291.592 - 214.565+108.663))
=642.724

Invested Capital(Q: Jun. 2016 )
=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))
=584.875 - 58.427 - ( 77.999 - max(0, 255.263 - 183.978+77.999))
=597.733

Note: The Operating Income data used here is four times the quarterly (Jun. 2016) data.

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

ITT Educational Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2016  Q: Jun. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=53.36/( ( (138.242 + max(-102.368, 0)) + (134.402 + max(-84.535, 0)) )/ 2 )
=53.36/( ( 138.242 + 134.402 )/ 2 )
=53.36/136.322
=39.14 %

where Working Capital is:

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.086 + 0 + 58.816) - (56.694 + 105.996 + 45.58)
=-102.368

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.242 + 0 + 56.737) - (58.427 + 85.83 + 46.257)
=-84.535

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2016) EBIT data.

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

ITT Educational Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2016 )
=67.56/0.000
= %

* 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.


ITT Educational Services EBIT Related Terms

Thank you for viewing the detailed overview of ITT Educational Services's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


ITT Educational Services Business Description

Traded in Other Exchanges
N/A
Address
13000 North Meridian Street, Carmel, IN, USA, 46032-1404
ITT Educational Services Inc is a United States based proprietary provider of postsecondary degree programs in the United States based on revenue and student enrollment. The company provides technology-oriented undergraduate and graduate degree programs through its accredited postsecondary institutions, ITT Technical Institutes and Daniel Webster College, to help students develop skills and knowledge that can be used to pursue career opportunities in a variety of fields.
Executives
Tarasi Rocco F Iii officer: EVP, Chief Financial Officer C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032
June M Mccormack officer: EVP & President Online Div 13000 NORTH MERIDIAN STREET, CARMEL IN 46032
Brown C David Ii director 3000 GALLERIA TOWER, STE 1000, BIRMINGHAM AL 35244
Thomas I Morgan director 30541 CARNEY CREEK ROAD, BIGFORK MT 59911
Joanna T Lau director 30 MONUMENT SQUARE, SUITE 220, CONCORD MA 01742
Ryan L Roney officer: EVP,Chief Admin&Legal Officer 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Richard C Blum & Associates Inc 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Capital Partners Lp 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Strategic Gp Iii, L.l.c. 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Strategic Gp Iv, L.l.c. 10 percent owner 909 MONTOGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Saddlepoint Partners Gp, L.l.c. 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Jeffrey R Cooper officer: SVP, Chief Compliance Officer 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Blum Strategic Gp Ii Llc 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Rand V Araskog director -, 125 WORTH AVENUE, SUITE 300, PALM BEACH FL 33480
Richard C Blum 10 percent owner BLUM CAPITAL PARTNERS, LP, 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133