ESINQ has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
ESINQ has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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.
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.
ITT Educational Services Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
EBIT | Get a 7-Day Free Trial | 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 | 11.66 | 12.53 | 27.40 | 14.29 | 13.34 |
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.
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.
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.
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.
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 |
From GuruFocus
By gurufocus • 04-01-2009
By Sydnee Gatewood Sydnee Gatewood • 09-06-2016
By Monica Wolfe Monica Wolfe • 06-07-2013
By guruek Ockham Research Staff • 01-22-2010
By gurufocus • 07-23-2009
By gurufocus • 04-23-2009
By GuruFocus GuruFocus • 11-08-2012
By pigsgetrich Pigsgetrich • 04-28-2010
By Holly LaFon Holly LaFon • 12-24-2012
By guruek Steve Alexander • 11-24-2009
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.