Healthcare Services Group (Healthcare Services Group) EBIT : $59 Mil (TTM As of Dec. 2023)

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What is Healthcare Services Group EBIT?

Healthcare Services Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Healthcare Services Group's annualized ROC % for the quarter that ended in Dec. 2023 was 19.35%. Healthcare Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 47.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Healthcare Services Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.28%.

Healthcare Services Group EBIT Historical Data

The historical data trend for Healthcare Services 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.

Healthcare Services Group EBIT Chart

Healthcare Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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88.56

130.56

66.90

47.54

60.91

Healthcare Services Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															19.31	13.33	-4.82	33.10	17.61

Competitive Comparison of Healthcare Services Group's EBIT

For the Medical Care Facilities subindustry, Healthcare Services 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.

Healthcare Services Group's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Healthcare Services Group's EV-to-EBIT distribution charts can be found below:

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

Healthcare Services 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 $59 Mil.

Healthcare Services Group (NAS:HCSG) EBIT Explanation

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

Healthcare Services 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 )
=	125.048 * ( 1 - 27.2% )	/	( (487.994	+	452.764)	/ 2 )
=	91.034944	/	470.379
=	19.35 %

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	))
=	750.716	-	141.405	-	( 121.317	-	max(0, 187.774	-	533.363	+	121.317	))
=	487.994

	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	))
=	790.652	-	190.427	-	( 147.461	-	max(0, 216.928	-	571.696	+	147.461	))
=	452.764

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

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

Healthcare Services 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 )
=	132.396	/	( ( (29.145 + max(268.104, 0))	+	(28.774 + max(232.307, 0)) )	/	2 )
=	132.396	/	( ( 297.249	+	261.081 )	/	2 )
=	132.396	/	279.165
=	47.43 %

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)
=	(367.807	+	19.188	+	23.883)	-	(141.405	+	1.369	+	0)
=	268.104

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(383.509	+	18.479	+	22.247)	-	(190.427	+	1.501	+	0)
=	232.307

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	59.216	/	715.098
	=	8.28 %

Healthcare Services Group EBIT Related Terms

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Healthcare Services Group (Healthcare Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Healthcare Services Group Inc (NAS:HCSG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3220 Tillman Drive, Suite 300, Bensalem, PA, USA, 19020

Website

https://www.hcsg.com

Healthcare Services Group Inc is a provider of housekeeping and facility management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: Housekeeping, laundry, linen, and other services; and Dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, bed linen, and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.

Executives

Kurt Jr Simmons	director	3220 TILLMAN DRIVE, BENSALEM PA 19020
Andrew M Brophy	officer: Acting Accounting Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
John Briggs	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Patrick J Orr	officer: EVP & Chief Revenue Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Andrew Kush	officer: Executive Vice President	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Dino D Ottaviano	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Michael E Mcbryan	director, officer: Executive Vice President	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Robert L Frome	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Laura K Grant	director	3220 TILLMAN, DRIVE, BENSALEM PA 19020
Robert J Moss	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Daniela Castagnino	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Diane S Casey	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
John Christopher Shea	officer: Chief Financial Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
David Hurlock	officer: Executive Vice President & COO	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Daniel P Mccartney	director, officer: Chief Executive Officer	3220 TILLMAN DR, SUITE 300, BENSALEM PA 19020