Bytes Technology Group (JSE:BYI) EBIT : R1,483 Mil (TTM As of Feb. 2024)

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What is Bytes Technology Group EBIT?

Bytes Technology Group's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2024 was R682 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was R1,483 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bytes Technology Group's annualized ROC % for the quarter that ended in Feb. 2024 was 29.05%. Bytes Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 579.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bytes Technology Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 4.79%.

Bytes Technology Group EBIT Historical Data

The historical data trend for Bytes Technology Group'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.

Bytes Technology Group EBIT Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

EBIT

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583.89

550.50

868.03

1,100.42

1,488.43

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
EBIT	Get a 7-Day Free Trial							390.87	545.48	510.13	801.26	681.94

Competitive Comparison of Bytes Technology Group's EBIT

For the Software - Infrastructure subindustry, Bytes Technology Group'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.

Bytes Technology Group's EV-to-EBIT Distribution in the Software Industry

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

* The bar in red indicates where Bytes Technology Group's EV-to-EBIT falls into.

Bytes Technology Group 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R1,483 Mil.

Bytes Technology Group (JSE:BYI) EBIT Explanation

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

Bytes Technology Group's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	1319.026 * ( 1 - 24.03% )	/	( (2868.229	+	4031.609)	/ 2 )
=	1002.0640522	/	3449.919
=	29.05 %

where

	Invested Capital		(Q: Aug. 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	))
=	7236.082	-	4242.588	-	( 1232.442	-	max(0, 5739.681	-	5864.946	+	1232.442	))
=	2868.229

	Invested Capital		(Q: Feb. 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	))
=	9117.451	-	4496.705	-	( 2133.051	-	max(0, 7153.654	-	7742.791	+	2133.051	))
=	4031.609

Note: The Operating Income data used here is two times the semi-annual (Feb. 2024) data.

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

Bytes Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1363.88	/	( ( (233.497 + max(-1722.932, 0))	+	(237.446 + max(-1994.074, 0)) )	/	2 )
=	1363.88	/	( ( 233.497	+	237.446 )	/	2 )
=	1363.88	/	235.4715
=	579.21 %

where Working Capital is:

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3943.131	+	1.384	+	67.749)	-	(4242.588	+	0	+	1492.608)
=	-1722.932

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5100.728	+	1.441	+	47.254)	-	(4496.705	+	0	+	2646.792)
=	-1994.074

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

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

Bytes Technology Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	1483.195	/	30938.222
	=	4.79 %

Bytes Technology Group EBIT Related Terms

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Bytes Technology Group (JSE:BYI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BYITl:UK BYIT:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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