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McMillan Shakespeare (McMillan Shakespeare) EBIT : $81.0 Mil (TTM As of Dec. 2023)


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What is McMillan Shakespeare EBIT?

McMillan Shakespeare's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $49.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $81.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. McMillan Shakespeare's annualized ROC % for the quarter that ended in Dec. 2023 was 9.24%. McMillan Shakespeare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 299.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. McMillan Shakespeare's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.02%.


McMillan Shakespeare EBIT Historical Data

The historical data trend for McMillan Shakespeare'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.

McMillan Shakespeare EBIT Chart

McMillan Shakespeare Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.54 23.26 80.68 72.23 68.15

McMillan Shakespeare Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 32.32 40.49 36.54 31.81 49.23

Competitive Comparison of McMillan Shakespeare's EBIT

For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.


McMillan Shakespeare's EV-to-EBIT Distribution in the Business Services Industry

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

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



McMillan Shakespeare 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 semi-annually data reported by the company within the most recent 12 months, which was $81.0 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.


McMillan Shakespeare  (OTCPK:MCSLF) EBIT Explanation

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

McMillan Shakespeare'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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=83.922 * ( 1 - 29.95% )/( (614.674 + 657.277)/ 2 )
=58.787361/635.9755
=9.24 %

where

Invested Capital(Q: Jun. 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))
=704.404 - 49.072 - ( 40.658 - max(0, 369.585 - 419.074+40.658))
=614.674

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

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

McMillan Shakespeare'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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=98.454/( ( (34.591 + max(4.081, 0)) + (27.099 + max(-18.164, 0)) )/ 2 )
=98.454/( ( 38.672 + 27.099 )/ 2 )
=98.454/32.8855
=299.38 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.093 + 9.095 + 342.485) - (49.072 + 3.144 + 311.376)
=4.081

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.06 + 7.947 + 317.299) - (69.099 + 10.461 + 299.91)
=-18.164

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=81.04/1010.556
=8.02 %

* 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.


McMillan Shakespeare EBIT Related Terms

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McMillan Shakespeare (McMillan Shakespeare) Business Description

Traded in Other Exchanges
Address
360 Elizabeth Street, Floor 21, Melbourne, VIC, AUS, 3000
McMillan Shakespeare Ltd is a provider of salary packaging, novated leasing, disability plan management and support coordination, asset management, and related financial products and services. It also cross-sells its salary packaging services to private entities via its asset management business in Australia and New Zealand, and it has acquired asset management businesses in the U.K. McMillan's asset management businesses provide motor vehicle leasing and fleet management services. The group has three operating segments: Group Remuneration Services, Asset Management Services, and Plan and Support Services. The prime revenue is generated from Asset Management segment.

McMillan Shakespeare (McMillan Shakespeare) Headlines

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