Integrated Research (Integrated Research) EBIT : $-1.85 Mil (TTM As of Dec. 2023)

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What is Integrated Research EBIT?

Integrated Research's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $8.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Integrated Research's annualized ROC % for the quarter that ended in Dec. 2023 was 34.91%. Integrated Research's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 128.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Integrated Research's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.52%.

Integrated Research EBIT Historical Data

The historical data trend for Integrated Research'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.

Integrated Research EBIT Chart

Integrated Research Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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20.62

21.84

7.39

-1.68

-8.63

Integrated Research 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															-6.62	4.83	1.47	-10.10	8.25

Competitive Comparison of Integrated Research's EBIT

For the Software - Application subindustry, Integrated Research'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.

Integrated Research's EV-to-EBIT Distribution in the Software Industry

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

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

Integrated Research 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 $-1.85 Mil.

Integrated Research (OTCPK:IREHF) EBIT Explanation

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

Integrated Research'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 )
=	16.492 * ( 1 - 6.72% )	/	( (42.454	+	45.682)	/ 2 )
=	15.3837376	/	44.068
=	34.91 %

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	))
=	60.209	-	5.303	-	( 12.452	-	max(0, 18.262	-	42.315	+	12.452	))
=	42.454

	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	))
=	64.802	-	4.706	-	( 14.414	-	max(0, 16.039	-	42.121	+	14.414	))
=	45.682

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:

Integrated Research'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 )
=	16.492	/	( ( (0 + max(12.725, 0))	+	(0.205 + max(12.829, 0)) )	/	2 )
=	16.492	/	( ( 12.725	+	13.034 )	/	2 )
=	16.492	/	12.8795
=	128.05 %

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)
=	(27.52	+	0	+	2.405)	-	(5.303	+	9.582	+	2.315)
=	12.725

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.658	+	0	+	2.049)	-	(4.706	+	0.303	+	9.869)
=	12.829

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.849	/	73.431
	=	-2.52 %

Integrated Research EBIT Related Terms

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Integrated Research (Integrated Research) Business Description

Industry

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IRI:Australia

Address

100 Pacific Highway, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ir.com

Integrated Research Ltd is one of the providers of proactive experience management solutions for critical IT infrastructure, payments, and communications ecosystems. Many banks, airlines, and telecommunications companies rely on IR Prognosis to provide business-critical insights and ensure continuity-critical systems deliver high availability and performance for millions of their customers across the globe. The business is spread across the Americas, Europe, and the Asia Pacific. The company generates maximum revenue from the Americas.