ICTSF (ICTS International NV) EBIT : $14.0 Mil (TTM As of Dec. 2023)

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What is ICTS International NV EBIT?

ICTS International NV's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $15.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $14.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ICTS International NV's annualized ROC % for the quarter that ended in Dec. 2023 was 44.00%. ICTS International NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 137.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ICTS International NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.26%.

ICTS International NV EBIT Historical Data

The historical data trend for ICTS International NV'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.

ICTS International NV EBIT Chart

ICTS International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-3.01

7.06

51.39

-3.21

13.99

ICTS International NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															18.69	2.40	-5.61	-1.44	15.43

Competitive Comparison of ICTS International NV's EBIT

For the Airports & Air Services subindustry, ICTS International NV'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.

ICTS International NV's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ICTS International NV's EV-to-EBIT distribution charts can be found below:

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

ICTS International NV 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $14.0 Mil.

ICTS International NV (OTCPK:ICTSF) EBIT Explanation

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

ICTS International NV's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	24.348 * ( 1 - 8.59% )	/	( (55.1	+	46.074)	/ 2 )
=	22.2565068	/	50.587
=	44.00 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	185.576	-	60.2	-	( 70.276	-	max(0, 76.634	-	158.071	+	70.276	))
=	55.1

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	197.096	-	61.798	-	( 89.224	-	max(0, 80.495	-	176.557	+	89.224	))
=	46.074

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

ICTS International NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	30.864	/	( ( (14.745 + max(9.696, 0))	+	(12.592 + max(7.983, 0)) )	/	2 )
=	30.864	/	( ( 24.441	+	20.575 )	/	2 )
=	30.864	/	22.508
=	137.12 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(68.085	+	0	+	12.976)	-	(60.2	+	7.201	+	3.964)
=	9.696

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(70.442	+	0	+	14.023)	-	(61.798	+	9.989	+	4.695)
=	7.983

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

ICTS International NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	13.99	/	98.114
	=	14.26 %

ICTS International NV EBIT Related Terms

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ICTS International NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ICTS International NV (OTCPK:ICTSF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Walaardt Sacrestraat 425-5th floor, Schiphol-Oost, Amsterdam, NH, NLD, 1117 BM

Website

https://www.ictsintl.com

ICTS International NV provides aviation security and other aviation services. Business activity of the firm is operated through Corporate, Airport security and other aviation services, and Authentication Technology segments. The Airport security and other aviation segment provide security and other services to airlines and airport authorities, predominantly in Europe and the U.S. The Authentication technology segment is involved in the development and sale of authentication security software to financial and other institutions. The geographical presence of the company in Germany, United States, Netherlands, Spain and Other countries out of its majority of the revenue generated from Germany.

Executives

Rom Shaked	other: Managing Director	79 EERSTE OOSTERPARKSTRAAT, AMSTERDAM P7 1091GW
Igal Tabori	10 percent owner	19 ALUMIM STREET, TEL AVIV L3 69690
Philip Getter	director, 10 percent owner	PRIME CHARTER LTD, 810 SEVENTH AVE, NEW YORK NY 10019
Spencer Corp	10 percent owner	AM HANSAKAI 14, ROSTOCK 2M 18147
Menachem Atzmon	director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
David W Sass	director, 10 percent owner	260 MADISON AVE 18TH FLR, NEW YORK NY 10016
Gail Lieberman	director	175 EAST 79TH STREET, APT. 4D, NEW YORK NY 10075
Gordon Hausmann	director	C/O CH. HAUSMANN & CO., 5 DE WALDEN COURT 85 NEW CAVENDISH STREE, LONDON X0 W1W6XD
Ron Atzmon	director	18A YAAKOV STREET, TEL AVIV L3 6901552
Gil Atzmon	director	2 HACHERMESH STREET, SAVYON L3 0000000000
Alon Raich	director	C/O ICTS INTERNATIONAL, N.V., BIESBOSCH 225, 1181 JC AMSTELVEEN P7 0000000000
Elie Housman	director	600 WEST END AVENUE 12-CD, NEW YORK NY 10022
Amos Megides	10 percent owner	21 MOROD HANACHAL STREET, HOFIT L3 40300
Ran Langer	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
Dan Avraham	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020