STRA (Strategic Education) EBIT : $172 Mil (TTM As of Sep. 2024)

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What is Strategic Education EBIT?

Strategic Education's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $172 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Strategic Education's annualized ROC % for the quarter that ended in Sep. 2024 was 5.35%. Strategic Education's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 64.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Strategic Education's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.25%.

Strategic Education EBIT Historical Data

The historical data trend for Strategic Education'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.

Strategic Education EBIT Chart

Strategic Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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132.46

135.54

110.59

73.99

113.12

Strategic Education Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															29.22	55.48	35.85	43.92	37.08

Competitive Comparison of Strategic Education's EBIT

For the Education & Training Services subindustry, Strategic Education'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.

Strategic Education's EV-to-EBIT Distribution in the Education Industry

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

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

Strategic Education 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $172 Mil.

Strategic Education (NAS:STRA) EBIT Explanation

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

Strategic Education's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	148.336 * ( 1 - 28.1% )	/	( (1965.588	+	2022.485)	/ 2 )
=	106.653584	/	1994.0365
=	5.35 %

where

	Invested Capital		(Q: Jun. 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	))
=	2177.524	-	66.507	-	( 256.239	-	max(0, 253.439	-	398.868	+	256.239	))
=	1965.588

	Invested Capital		(Q: Sep. 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	))
=	2187.524	-	67.365	-	( 222.071	-	max(0, 285.84	-	383.514	+	222.071	))
=	2022.485

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	148.336	/	( ( (228.505 + max(-86.837, 0))	+	(232.905 + max(-101.57, 0)) )	/	2 )
=	148.336	/	( ( 228.505	+	232.905 )	/	2 )
=	148.336	/	230.705
=	64.30 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(89.639	+	0	+	52.99)	-	(66.507	+	133.612	+	29.347)
=	-86.837

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(105.795	+	0	+	55.648)	-	(67.365	+	154.144	+	41.504)
=	-101.57

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	172.33	/	2376.001
	=	7.25 %

Strategic Education EBIT Related Terms

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Strategic Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Strategic Education Inc (NAS:STRA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2303 Dulles Station Boulevard, Herndon, VA, USA, 20171

Website

https://www.strategiceducation.com

Strategic Education Inc. is an education services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. The company operates through wholly-owned subsidiaries Strayer University and Capella University, both accredited post-secondary institutions of higher education located in the United States, as well as Torrens University, an accredited post-secondary institution of higher education located in Australia. It provide employees with access to affordable and industry relevant training, certificate, and degree programs. The reportable segments of the company are U.S. Higher Education, Australia/New Zealand, and Education Technology Services.

Executives

Lizette Benedi Herraiz	officer: SVP and General Counsel	2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Viet D Dinh	director	GEORGETOWN UNIVERSITY LAW CENTER, 600 NEW JERSEY AVENUE NW, WASHINGTON DC 20001
Robert R Grusky	director	C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Raymond Karl Mcdonnell	officer: President and COO	C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Daniel Wayne Jackson	officer: Vice President - Operations	C/O STRAYER EDUCATION INC., 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Michael Thawley	director	C/O STRATEGIC EDUCATION, INC., 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Robert S Silberman	director, officer: Chairman & CEO	C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Michael A. Mcrobbie	director	C/O STRATEGIC EDUCATION, INC., 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
William J Slocum	director	C/O INCLUSIVE CAPITAL PARTNERS, L.P., 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Tal Darmon	officer: Chief Accounting Officer	650 SOUTH EXETER STREET, BALTIMORE MD 21202
Jerry Lavell Johnson	director	512 HERNDON PARKWAY, SUITE A, HERNDON VA 20170
Casteen John T Iii	director	301 S. COLLEGE STREET, 30TH FLOOR, NC0630, CHARLOTTE NC 28288-0630
J Kevin Gilligan	director, officer: Executive Vice Chairman	P O BOX 1441, MINNEAPOLIS MN 55440-1441
Andrew E Watt	officer: Chief Operating Officer	225 SOUTH SIXTH STREET, 9TH FLOOR, MINNEAPOLIS MN 55402
Thomas J Aprahamian	officer: Chief Accounting Officer	2303 DULLES STATION BOULEVARD, HERNDON VA 20171