Billing Services Group (LSE:BILL) EBIT : £-6.99 Mil (TTM As of Jun. 2019)

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What is Billing Services Group EBIT?

Billing Services Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2019 was £-0.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was £-6.99 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Billing Services Group's annualized ROC % for the quarter that ended in Jun. 2019 was -3.29%. Billing Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -5.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Billing Services Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 160.39%.

Billing Services Group EBIT Historical Data

The historical data trend for Billing Services 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.

Billing Services Group EBIT Chart

Billing Services Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

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2.10

6.08

10.67

-6.62

-7.43

Billing Services Group Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
EBIT	Get a 7-Day Free Trial															-0.12	-6.51	-0.48	-6.93	-0.07

Competitive Comparison of Billing Services Group's EBIT

For the Specialty Business Services subindustry, Billing Services 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.

Billing Services Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Billing Services Group's EV-to-EBIT distribution charts can be found below:

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

Billing Services 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 Jun. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-6.99 Mil.

Billing Services Group (LSE:BILL) EBIT Explanation

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

Billing Services Group's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

	ROC % (Q: Jun. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2018 )	+	Invested Capital (Q: Jun. 2019 ))	/ count )
=	-0.136 * ( 1 - -105.88% )	/	( (8.35	+	8.689)	/ 2 )
=	-0.2799968	/	8.5195
=	-3.29 %

where

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	17.702	-	4.115	-	( 7.295	-	max(0, 4.38	-	9.617	+	7.295	))
=	8.35

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	16.209	-	3.265	-	( 5.599	-	max(0, 3.887	-	8.142	+	5.599	))
=	8.689

Note: The Operating Income data used here is two times the semi-annual (Jun. 2019) data.

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

Billing Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2018		Q: Jun. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.136	/	( ( (2.467 + max(-1.962, 0))	+	(2.527 + max(-0.951, 0)) )	/	2 )
=	-0.136	/	( ( 2.467	+	2.527 )	/	2 )
=	-0.136	/	2.497
=	-5.45 %

where Working Capital is:

	Working Capital		(Q: Dec. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.834	+	0	+	0.488)	-	(4.115	+	0	+	0.169)
=	-1.962

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.001	+	0	+	0.542)	-	(3.265	+	0	+	0.229)
=	-0.951

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2019) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2019 )
	=	-6.993	/	-4.360
	=	160.39 %

Billing Services Group EBIT Related Terms

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Billing Services Group (LSE:BILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Billing Services Group Ltd (LSE:BILL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canonâ€™s Court, Hamilton, BMU, HM 12

Website

http://www.bsgclearing.com

Billing Services Group Ltd is focused on payment solutions. The company offers a powerful suite of financial clearinghouse services for merchants, online stores, and telecommunications companies. Its services include local exchange carrier (LEC) phone clearing, billing and settlement solutions, toll clearing services, a Wi-Fi wholesale settlement solution, and VoiceLog Third Party Verification. The company generates a majority of revenue from LEC billing. Its geographical segment includes North America and Europe, the Middle East and Africa. The company derives the maximum revenue from North America.