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Laureate Education (Laureate Education) EBIT : $275 Mil (TTM As of Dec. 2023)


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What is Laureate Education EBIT?

Laureate Education's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $275 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Laureate Education's annualized ROC % for the quarter that ended in Dec. 2023 was 11.69%. Laureate Education's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 38.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Laureate Education's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.77%.


Laureate Education EBIT Historical Data

The historical data trend for Laureate Education'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.

Laureate Education EBIT Chart

Laureate Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.38 -349.95 -91.23 262.27 275.45

Laureate Education Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.69 -10.60 123.96 74.62 87.47

Competitive Comparison of Laureate Education's EBIT

For the Education & Training Services subindustry, Laureate Education'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.


Laureate Education's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Laureate Education's EV-to-EBIT distribution charts can be found below:

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



Laureate Education 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 quarterly data reported by the company within the most recent 12 months, which was $275 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.


Laureate Education  (NAS:LAUR) EBIT Explanation

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

Laureate Education'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=445.792 * ( 1 - 43.26% )/( (2125.859 + 2201.516)/ 2 )
=252.9423808/2163.6875
=11.69 %

where

Invested Capital(Q: Sep. 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))
=2097.274 - 122.93 - ( 130.862 - max(0, 431.548 - 280.033+130.862))
=2125.859

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))
=2125.616 - 152.907 - ( 89.392 - max(0, 453.214 - 224.407+89.392))
=2201.516

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Laureate Education'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=349.88/( ( (899.957 + max(-131.682, 0)) + (933.837 + max(-141.623, 0)) )/ 2 )
=349.88/( ( 899.957 + 933.837 )/ 2 )
=349.88/916.897
=38.16 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(159.73 + 0 + 34.818) - (122.93 + 81.039 + 122.261)
=-131.682

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(173.571 + 0 + 27.678) - (152.907 + 69.351 + 120.614)
=-141.623

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=275.447/2820.717
=9.77 %

* 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.


Laureate Education EBIT Related Terms

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Laureate Education (Laureate Education) Business Description

Traded in Other Exchanges
Address
PMB 1158, 1000 Brickell Avenue, Suite 715, Miami, FL, USA, 33131
Laureate Education Inc is an international community of universities. The company provides higher education programs and services to students through an international network of licensed universities and higher education institutions. Its geographical segments include Peru and Mexico.
Executives
Ian Kendell Snow director, 10 percent owner 667 MADISON AVENUE, NEW YORK NY 10021
Wengen Alberta, Lp 10 percent owner C/O LAUREATE EDUCATION, INC., 650 SOUTH EXETER STREET, BALTIMORE MD 21202
Sinkfield Richard Harvey Iii officer: Chief Legal Officer LAUREATE EDUCATION, INC., 650 SOUTH EXETER STREET, BALTIMORE MD 21202
Gerard M. Knauer officer: VP, Acctg, Global Controller LAUREATE EDUCATION, INC., 650 SOUTH EXETER STREET, BALTIMORE MD 21202
Macedo Aristides De director C/O LAUREATE EDUCATION, INC., PMB 1158, 1000 BRICKELL AVE., SUITE 715, MIAMI FL 33131
Marcelo Cardoso officer: Chief Transformation Officer LAUREATE EDUCATION, INC., 650 SOUTH EXETER STREET, BALTIMORE MD 21202
Kkr Group Partnership L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr 2006 Fund (overseas), Limited Partnership 10 percent owner 9 WEST 57TH STREET - SUITE 4200, NEW YORK NY 10019
Kkr Group Co. Inc. 10 percent owner 30 HUDSON YARDS, NEW YORK NY 10001
George Munoz director C/O MARRIOTT INTERNATONAL INC, 10400 FERNWOOD ROAD, BETHESDA MD 20817
Cohen Steven A/sac Capital Mgmt Lp 10 percent owner, other: Director-by-Deputization C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Barbara Mair director LAUREATE EDUCATION, INC., 78 S.W. 7TH STREET, SUITE 900, MIAMI FL 33130
Snow Phipps Group, Llc director, 10 percent owner 545 MADISON AVE., 10TH FLOOR, NEW YORK NY 10022
Eilif Serck-hanssen officer: Executive Vice President, CFO 7823 CHELSEA STREET, RUXTON MD 21204
Michael J Durham director 3416 CARUTH BOULEVARD, DALLAS TX 75225