SPAR Group (SPAR Group) EBIT : $9.1 Mil (TTM As of Dec. 2023)

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What is SPAR Group EBIT?

SPAR Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $2.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $9.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPAR Group's annualized ROC % for the quarter that ended in Dec. 2023 was 13.71%. SPAR Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SPAR Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.42%.

SPAR Group EBIT Historical Data

The historical data trend for SPAR 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.

SPAR Group EBIT Chart

SPAR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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10.46

9.96

4.69

5.87

9.05

SPAR Group 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															-0.64	3.21	2.12	1.71	2.02

Competitive Comparison of SPAR Group's EBIT

For the Specialty Business Services subindustry, SPAR 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.

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

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

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

SPAR 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.1 Mil.

SPAR Group (NAS:SGRP) EBIT Explanation

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

SPAR Group'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 )
=	12.472 * ( 1 - 40.94% )	/	( (55.849	+	51.595)	/ 2 )
=	7.3659632	/	53.722
=	13.71 %

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	))
=	94.015	-	30.206	-	( 7.96	-	max(0, 52.246	-	79.773	+	7.96	))
=	55.849

	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	))
=	90.281	-	27.967	-	( 10.719	-	max(0, 48.565	-	76.109	+	10.719	))
=	51.595

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

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

SPAR Group'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 )
=	8.068	/	( ( (5.117 + max(39.836, 0))	+	(5.194 + max(27.309, 0)) )	/	2 )
=	8.068	/	( ( 44.953	+	32.503 )	/	2 )
=	8.068	/	38.728
=	20.83 %

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)
=	(65.65	+	0	+	6.163)	-	(30.206	+	1.771	+	7.105427357601E-15)
=	39.836

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(51.567	+	0	+	5.614)	-	(27.967	+	1.905	+	0)
=	27.309

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	9.052	/	51.950
	=	17.42 %

SPAR Group EBIT Related Terms

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SPAR Group (SPAR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SPAR Group Inc (NAS:SGRP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PMH:Germany

Address

1910 Opdyke Court, Auburn Hills, MI, USA, 48326

Website

https://www.sparinc.com

SPAR Group Inc is a supplier of merchandising and other marketing services. It also provides in-store event staffing, product sampling, audit services, furniture and other product assembly services, technology services and marketing research services. The company divides its operations into two reportable segments: Domestic division is comprised of all operations within the United States; and The International division is a consolidation of all other operations and joint ventures. Its customers are from retail and manufacturing segments. Its geographic presence is in Brazil, South Africa, Mexico, China, Japan, India, Canada, Australia, Turkey, and United States from where it generates maximum revenue.

Executives

Pato Antonio Calisto	officer: Chief Financial Officer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Robert G/ Brown	director, 10 percent owner, officer: Chairman, Chief Executive Offi
Spar Business Services Inc	other: Affiliated with Robert G Brown	7711 N MILITARY TRAIL, SUITE 1000, WEST PALM BEACH FL 33410
Williams H Bartels	director, 10 percent owner, officer: Vice Chairman
Sean Whelan	director	C/O ZOMEDICA CORP., 100 PHOENIX DRIVE, SUITE 125, ANN ARBOR MI 48108
Michael Wager	director	100 BURTT ROAD, SUITE 115, BOSTON MA 01810
Kori Belzer	officer: Chief Operations Officer	SPAR GROUP INC, 580 WHITE PLAINS RD., TARRYTOWN NY 10591
Fay Devriese	officer: Chief Financial Officer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Ronald Wayne Lutz	officer: Chief Global CommercialOfficer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
William Linnane	officer: Chief Strategy & GrowthOfficer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Arthur H Baer	director	61 BUSHNELL ROAD, HILLSDALE NY 12529
Mike R. Matacunas	director, officer: Chief Executive Officer	500 VOLVO PARKWAY, CHESAPEAKE VA 23320
James Richard Brown	director	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Igor Novgorodtsev	director	C/O SPAR GROUP, INC. 333 WESTCHESTER AVE, SOUTH BUILDING, SUITE 204, WHITE PLAINS NY 10604
James R Segreto	officer: Controller	C/O SPAR GROUP INC, 580 WHITE PLAINS RD, TARRYTOWN NY 10591