Smart Employee Benefits (TSXV:SEB) EBIT : C$-3.25 Mil (TTM As of Aug. 2022)

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What is Smart Employee Benefits EBIT?

Smart Employee Benefits's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2022 was C$-0.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2022 was C$-3.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smart Employee Benefits's annualized ROC % for the quarter that ended in Aug. 2022 was -3.18%. Smart Employee Benefits's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2022 was -42.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smart Employee Benefits's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2022 was -3.47%.

Smart Employee Benefits EBIT Historical Data

The historical data trend for Smart Employee Benefits'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.

Smart Employee Benefits EBIT Chart

Smart Employee Benefits Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

EBIT

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-6.02

-11.04

-2.52

-2.24

-0.90

Smart Employee Benefits Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
EBIT	Get a 7-Day Free Trial															0.05	-1.00	-0.75	-0.85	-0.65

Competitive Comparison of Smart Employee Benefits's EBIT

For the Information Technology Services subindustry, Smart Employee Benefits'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.

Smart Employee Benefits's EV-to-EBIT Distribution in the Software Industry

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

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

Smart Employee Benefits 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.25 Mil.

Smart Employee Benefits (TSXV:SEB) EBIT Explanation

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

Smart Employee Benefits's annualized ROC % for the quarter that ended in Aug. 2022 is calculated as:

	ROC % (Q: Aug. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2022 )	+	Invested Capital (Q: Aug. 2022 ))	/ count )
=	-1.352 * ( 1 - 0% )	/	( (41.579	+	43.366)	/ 2 )
=	-1.352	/	42.4725
=	-3.18 %

where

	Invested Capital		(Q: May. 2022 )
=	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	))
=	37.138	-	13.105	-	( 0.356	-	max(0, 34.584	-	17.038	+	0.356	))
=	41.579

	Invested Capital		(Q: Aug. 2022 )
=	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	))
=	38.33	-	14.403	-	( 0.178	-	max(0, 36.505	-	17.066	+	0.178	))
=	43.366

Note: The Operating Income data used here is four times the quarterly (Aug. 2022) data.

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

Smart Employee Benefits's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2022		Q: Aug. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.592	/	( ( (5.527 + max(-7.176, 0))	+	(6.659 + max(-4.216, 0)) )	/	2 )
=	-2.592	/	( ( 5.527	+	6.659 )	/	2 )
=	-2.592	/	6.093
=	-42.54 %

where Working Capital is:

	Working Capital		(Q: May. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.006	+	0.235	+	1.386)	-	(13.105	+	0.682	+	9.016)
=	-7.176

	Working Capital		(Q: Aug. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.448	+	0.285	+	1.09)	-	(14.403	+	0.634	+	5.002)
=	-4.216

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2022) EBIT data.

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

Smart Employee Benefits's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2022 )
	=	-3.254	/	93.701
	=	-3.47 %

Smart Employee Benefits EBIT Related Terms

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Smart Employee Benefits (TSXV:SEB) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

5500 Explorer Drive, 4th Floor, Mississauga, ON, CAN, L4W 5C7

Website

https://www.seb-inc.com

Smart Employee Benefits Inc is a Canadian technology company providing software-enabled services in the areas of healthcare transaction processing, software solutions, and professional services for corporate and government clients. The company's business segments are Benefits and Technology. Its Benefits segment provides software, solutions, services, and products focused on managing group benefit and wellness solutions and healthcare claims processing environments for corporate and government clients. The Technology segment provides solutions in the areas of supply change management, integration, and energy, as well as training and resource provisioning. It earns most of its revenue from the Technology segment.