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TAL Education Group (MEX:TAL) EBIT : MXN1,376 Mil (TTM As of Aug. 2024)


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What is TAL Education Group EBIT?

TAL Education Group's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2024 was MXN939 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was MXN1,376 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TAL Education Group's annualized ROC % for the quarter that ended in Aug. 2024 was 7.08%. TAL Education Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 25.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TAL Education Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 2.01%.


TAL Education Group EBIT Historical Data

The historical data trend for TAL Education 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.

TAL Education Group EBIT Chart

TAL Education Group Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -766.18 -4,347.72 -15,715.59 -2,012.80 298.23

TAL Education Group Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 536.65 -559.24 1,290.46 -294.51 939.37

Competitive Comparison of TAL Education Group's EBIT

For the Education & Training Services subindustry, TAL Education 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.


TAL Education Group's EV-to-EBIT Distribution in the Education Industry

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

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



TAL Education 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN1,376 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.


TAL Education Group  (MEX:TAL) EBIT Explanation

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

TAL Education Group's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=3757.472 * ( 1 - 30.68% )/( (34973.245 + 38593.629)/ 2 )
=2604.6795904/36783.437
=7.08 %

where

Invested Capital(Q: May. 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))
=90116.412 - 11084.523 - ( 58095.213 - max(0, 22737.972 - 66796.616+58095.213))
=34973.245

Invested Capital(Q: Aug. 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))
=105352.464 - 14256.02 - ( 68138.556 - max(0, 25525.637 - 78028.452+68138.556))
=38593.629

Note: The Operating Income data used here is four times the quarterly (Aug. 2024) data.

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

TAL Education Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3757.472/( ( (13236.644 + max(-12841.041, 0)) + (15783.721 + max(-13948.48, 0)) )/ 2 )
=3757.472/( ( 13236.644 + 15783.721 )/ 2 )
=3757.472/14510.1825
=25.90 %

where Working Capital is:

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1376.242 + 7292.55) - (11084.523 + 10425.309 + 0.0010000000038417)
=-12841.041

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1624.83 + 8257.294) - (14256.02 + 9574.585 + -0.0010000000002037)
=-13948.48

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2024 )
=1376.077/68625.280
=2.01 %

* 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.


TAL Education Group EBIT Related Terms

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TAL Education Group Business Description

Traded in Other Exchanges
Address
Xiaoying West Street, 5th Floor, Tower B, Heying Center, Haidian District, Beijing, CHN, 100085
TAL Education Group is a smart learning solutions provider in China. It operates a few business lines including enrichment learning, high school academic tutoring, learning technology, and content solutions, and the like. Among those business lines, TAL focuses on enrichment learning and content solutions.