GURUFOCUS.COM » STOCK LIST » Technology » Software » Envestnet Inc (NYSE:ENV) » Definitions » EBIT

Envestnet (Envestnet) EBIT : $-209 Mil (TTM As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Envestnet EBIT?

Envestnet's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-183 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-209 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Envestnet's annualized ROC % for the quarter that ended in Dec. 2023 was 2.81%. Envestnet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -572.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Envestnet's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.83%.


Envestnet EBIT Historical Data

The historical data trend for Envestnet'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.

Envestnet EBIT Chart

Envestnet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -20.07 19.27 36.03 -62.84 -209.11

Envestnet 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 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 -23.35 -11.06 -15.31 0.60 -183.35

Competitive Comparison of Envestnet's EBIT

For the Software - Application subindustry, Envestnet'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.


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

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

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



Envestnet 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 $-209 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.


Envestnet  (NYSE:ENV) EBIT Explanation

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

Envestnet'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 )
=52.42 * ( 1 - 1.38% )/( (1943.539 + 1737.02)/ 2 )
=51.696604/1840.2795
=2.81 %

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))
=2030.889 - 154.442 - ( 43.211 - max(0, 270.245 - 203.153+43.211))
=1943.539

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))
=1877.252 - 168.958 - ( 91.378 - max(0, 292.534 - 263.808+91.378))
=1737.02

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

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

Envestnet'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 )
=-733.384/( ( (138.714 + max(-108.022, 0)) + (117.377 + max(-120.861, 0)) )/ 2 )
=-733.384/( ( 138.714 + 117.377 )/ 2 )
=-733.384/128.0455
=-572.75 %

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)
=(110.643 + 0 + 38.283) - (154.442 + 32.563 + 69.943)
=-108.022

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(120.958 + 0 + 37.806) - (168.958 + 38.201 + 72.466)
=-120.861

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-209.114/4333.380
=-4.83 %

* 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.


Envestnet EBIT Related Terms

Thank you for viewing the detailed overview of Envestnet's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Envestnet (Envestnet) Business Description

Traded in Other Exchanges
Address
1000 Chesterbrook Boulevard, Suite 250, Berwyn, Pennsylvania, IL, USA, 60601
Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provide research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation, which is reported in the firm's data and analytics segment. In 2019, Envestnet acquired MoneyGuidePro to bolster its financial planning tools.
Executives
Barry D. Cooper officer: SVP, Head of Accounting Mgmt. 35 E. WACKER DRIVE, STE 2400, CHICAGO IL 60601
Barbara Turner director 5320 STONY RUN COURT, LIBERTY TOWNSHIP OH 45011
William Crager officer: President 489 FIFTH AVENUE, 26TH FLOOR, NEW YORK NY 10017
Matthew Majoros officer: Principal Accounting Officer 35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Shelly O'brien officer: General Counsel 35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Wendy E Lane director
Lauren Taylor Wolfe director 3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Impactive Capital Llc director 152 WEST 57TH, 17TH FLOOR, NEW YORK CITY NY 10019
Impactive Capital Lp director 450 WEST 14 STREET, 12TH FLOOR, NEW YORK CITY NY 10014
Christian Asmar director 152 WEST 57TH STREET, 17TH FLOOR, NEW YORK CITY NY 10019
Stuart Depina officer: President* 11755 WILSHIRE BLVD., 20TH FLOOR, LOS ANGELES CA 90025
Anil Arora director C/O YODLEE, INC., 3600 BRIDGE PARKWAY, 2ND FLOOR, REDWOOD CITY CA 94065
Brandon Thomas officer: Chief Investment Officer 35 E. WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Joshua Mayer officer: Chief Operating Officer 35 EAST WACKER DRIVE, SUITE 2400, CHICAGO IL 60601
Scott D Grinis officer: Chief Technology Officer 150 MATHILDA PLACE, SUITE 306, SUNNYVALE CA 94086