StarTek (StarTek) EBIT : $-17.1 Mil (TTM As of Sep. 2023)

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What is StarTek EBIT?

StarTek's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-23.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-17.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. StarTek's annualized ROC % for the quarter that ended in Sep. 2023 was 2.77%. StarTek's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -154.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. StarTek's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -6.73%.

StarTek EBIT Historical Data

The historical data trend for StarTek'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.

StarTek EBIT Chart

StarTek Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Mar18

Dec19

Dec20

Dec21

Dec22

EBIT

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5.62

-14.65

12.44

11.53

StarTek Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															3.05	1.82	2.43	1.65	-23.04

Competitive Comparison of StarTek's EBIT

For the Information Technology Services subindustry, StarTek'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.

StarTek's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, StarTek's EV-to-EBIT distribution charts can be found below:

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

StarTek 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.1 Mil.

StarTek (NYSE:SRT) EBIT Explanation

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

StarTek's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	8.664 * ( 1 - 1.75% )	/	( (322.539	+	291.097)	/ 2 )
=	8.51238	/	306.818
=	2.77 %

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	))
=	404.786	-	53.379	-	( 34.908	-	max(0, 103.47	-	132.338	+	34.908	))
=	322.539

	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	))
=	369.485	-	53.097	-	( 36.718	-	max(0, 105.63	-	130.921	+	36.718	))
=	291.097

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-92.144	/	( ( (65.791 + max(-4.237, 0))	+	(53.41 + max(-0.50400000000001, 0)) )	/	2 )
=	-92.144	/	( ( 65.791	+	53.41 )	/	2 )
=	-92.144	/	59.6005
=	-154.60 %

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)
=	(38.243	+	0	+	28.386)	-	(53.379	+	0	+	17.487)
=	-4.237

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41.144	+	0	+	25.95)	-	(53.097	+	0	+	14.501)
=	-0.50400000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-17.14	/	254.509
	=	-6.73 %

StarTek EBIT Related Terms

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StarTek (StarTek) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » StarTek Inc (NYSE:SRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4610 South Ulster Street, Suite 150, Denver, CO, USA, 80111

Website

https://www.startek.com

StarTek Inc is a customer engagement business process outsourcing company. The company operates its business through six reportable segments, based on the geographic regions: Americas, Malaysia, India and Sri Lanka, Australia, South Africa, and Rest of World. Its service offerings include customer care, sales support, inbound sales, complex order processing, accounts receivable management, technical and product support, up-sell and cross-sell opportunities, customer intelligence analytics and other industry-specific processes. Americas contribute the majority of the revenue.

Executives

Neeraj Jain	officer: Chief Financial Officer	C/O STARTEK, INC., 4610 SOUTH ULSTER STREET SUITE 150, DENVER CO 80237
Sudip Banerjee	director	C/O STARTEK, INC., 4610 SOUTH ULSTER STREET, SUITE 150, DENVER CO 80237
Anupam Pahuja	director	C/O STARTEK, INC., 4610 SOUTH ULSTER STREET SUITE 150, DENVER CO 80237
Nallathur Balasubramanian	director	C/O STARTEK, INC., 4610 SOUTH ULSTER STREET SUITE 150, DENVER CO 80237
Nishit Shah	officer: Global Chief Financial Officer	6200 SOUTH SYRACUSE WAY, SUITE 485, GREENWOOD VILLAGE CO 80111
Jerry Schafer	director	C/O STARTEK, INC., 4610 SOUTH ULSTER STREET, SUITE 150, DENVER CO 80237
Albert Aboody	director	C/O STARTEK, INC., 4610 SOUTH ULSTER STREET, SUITE 150, DENVER CO 80237
Julie Schoenfeld	director	C/O STARTEK, INC., 4610 SOUTH ULSTER STREET, SUITE 150, DENVER CO 80237
Surender Mohan Gupta	officer: Global Chief People Officer	C/O STARTEK, INC., 8200 E MAPLEWOOD AVE SUITE 100, GREENWOOD VILLAGE CO 80111
Aparup Sengupta	director	C/O STARTEK, INC.,, 8200 E. MAPLEWOOD AVE., STE. 100, GREENWOOD VILLAGE CO 80111
Vikash Sureka	officer: Global Chief Financial Officer	6200 SOUTH SYRACUSE WAY, SUITE 485, GREENWOOD VILLAGE CO 80111
Mukesh Sharda	director	C/O STARTEK, INC.,, 8200 E. MAPLEWOOD AVE., STE. 100, GREENWOOD VILLAGE CO 80111
Bharat Rao	director	C/O STARTEK, INC.,, 8200 E. MAPLEWOOD AVE., STE. 100, GREENWOOD VILLAGE CO 80111
Csp Management Ltd	director, 10 percent owner	160 ROBINSON ROAD, #10-01, SBF CENTER, SINGAPORE U0 068914
Rajiv Ahuja	officer: Global COO	C/O STARTEK, INC., 8200 E MAPLEWOOD AVE SUITE 100, GREENWOOD VILLAGE CO 80111