iOCO (JSE:IOC) EBIT : R43 Mil (TTM As of Jul. 2024)

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What is iOCO EBIT?

iOCO's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2024 was R25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2024 was R43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. iOCO's annualized ROC % for the quarter that ended in Jul. 2024 was 10.67%. iOCO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 32.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. iOCO's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 3.42%.

iOCO EBIT Historical Data

The historical data trend for iOCO'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.

iOCO EBIT Chart

iOCO Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

EBIT

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-1,236.57

-163.03

-63.28

-8.78

43.38

iOCO Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
EBIT	Get a 7-Day Free Trial															-230.11	114.94	-123.72	18.48	24.90

Competitive Comparison of iOCO's EBIT

For the Information Technology Services subindustry, iOCO'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.

iOCO's EV-to-EBIT Distribution in the Software Industry

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

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

iOCO 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R43 Mil.

iOCO (JSE:IOC) EBIT Explanation

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

iOCO's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

	ROC % (Q: Jul. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2024 )	+	Invested Capital (Q: Jul. 2024 ))	/ count )
=	238.864 * ( 1 - 15.27% )	/	( (1509.844	+	2285.102)	/ 2 )
=	202.3894672	/	1897.473
=	10.67 %

where

	Invested Capital		(Q: Jan. 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	))
=	3603.865	-	1905.341	-	( 467.881	-	max(0, 2402.237	-	2590.917	+	467.881	))
=	1509.844

	Invested Capital		(Q: Jul. 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	))
=	3086.263	-	605.242	-	( 362.703	-	max(0, 1963.866	-	2159.785	+	362.703	))
=	2285.102

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

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

iOCO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2024		Q: Jul. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	49.796	/	( ( (154.237 + max(-248.003, 0))	+	(153.782 + max(-336.038, 0)) )	/	2 )
=	49.796	/	( ( 154.237	+	153.782 )	/	2 )
=	49.796	/	154.0095
=	32.33 %

where Working Capital is:

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1959.727	+	90.642	+	72.667)	-	(1905.341	+	0	+	465.698)
=	-248.003

	Working Capital		(Q: Jul. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1177.9	+	70.73	+	330.512)	-	(605.242	+	0	+	1309.938)
=	-336.038

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2024 )
	=	43.38	/	1268.913
	=	3.42 %

iOCO EBIT Related Terms

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iOCO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iOCO Ltd (JSE:IOC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

164 Katherine Street, 1st Floor, Block E, Pinmill Farm, Sandton, GT, ZAF, 2148

Website

https://www.eoh.co.za

EOH Holdings Ltd is a South Africa-based firm offering IT services, software, IT infrastructure, industrial technologies, and outsourcing services. The company operates through three segments. iOCO segment consists of the Information and Communications Technology (ICT) operations in South Africa and internationally. NEXTEC segment consists of Industrial Technologies and Business Process Outsourcing. IP segment comprises proprietary software and solutions for customers.