Sureserve Group (LSE:SUR) EBIT : £18.8 Mil (TTM As of Mar. 2023)

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What is Sureserve Group EBIT?

Sureserve Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was £7.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was £18.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sureserve Group's annualized ROC % for the quarter that ended in Mar. 2023 was 10.67%. Sureserve Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 48.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sureserve Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 8.66%.

Sureserve Group EBIT Historical Data

The historical data trend for Sureserve 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.

Sureserve Group EBIT Chart

Sureserve Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

EBIT

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3.42

6.39

8.73

11.97

16.36

Sureserve Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
EBIT	Get a 7-Day Free Trial															3.63	8.33	4.70	11.66	7.16

Competitive Comparison of Sureserve Group's EBIT

For the Building Products & Equipment subindustry, Sureserve 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.

Sureserve Group's EV-to-EBIT Distribution in the Construction Industry

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

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

Sureserve 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £18.8 Mil.

Sureserve Group (LSE:SUR) EBIT Explanation

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

Sureserve Group's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	13.062 * ( 1 - 22% )	/	( (94.5	+	96.488)	/ 2 )
=	10.18836	/	95.494
=	10.67 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	155.337	-	41.518	-	( 19.319	-	max(0, 68.532	-	93.712	+	19.319	))
=	94.5

	Invested Capital		(Q: Mar. 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	))
=	166.855	-	57.583	-	( 12.784	-	max(0, 72.716	-	102.549	+	12.784	))
=	96.488

Note: The Operating Income data used here is two times the semi-annual (Mar. 2023) data.

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

Sureserve Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14.316	/	( ( (16.352 + max(-13.402, 0))	+	(19.098 + max(23.353, 0)) )	/	2 )
=	14.316	/	( ( 16.352	+	42.451 )	/	2 )
=	14.316	/	29.4015
=	48.69 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.117	+	5.059	+	18.46)	-	(41.518	+	0	+	21.52)
=	-13.402

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(66.801	+	7.275	+	15.689)	-	(57.583	+	0	+	8.829)
=	23.353

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	18.819	/	217.293
	=	8.66 %

Sureserve Group EBIT Related Terms

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Sureserve Group (LSE:SUR) Business Description

Industry

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Traded in Other Exchanges

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Address

Crossways Business Park, Crossways Point 15, Victory Way, Dartford, Kent, GBR, DA2 6DT

Website

https://www.sureservegroup.co.uk

Sureserve Group PLC is a compliance and energy support services group that performs critical functions in homes, and public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Its services are delivered through two divisions: Compliance and Energy Services. The Compliance segment is focused on gas, fire, electrics, air, water, and lifts where it contracts under framework agreements. The Energy Services offers services in the energy efficiency sector, including external, internal, and cavity wall insulation, loft insulation, gas central heating, boiler upgrades, and other renewable technologies. All revenue and profit of the company are derived from operations in the United Kingdom.

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