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H&R Block (H&R Block) EBIT : $811 Mil (TTM As of Dec. 2023)


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What is H&R Block EBIT?

H&R Block's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-262 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $811 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. H&R Block's annualized ROC % for the quarter that ended in Dec. 2023 was -31.60%. H&R Block's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -196.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. H&R Block's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.16%.


H&R Block EBIT Historical Data

The historical data trend for H&R Block'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.

H&R Block EBIT Chart

H&R Block Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 632.21 92.72 775.61 747.35 784.19

H&R Block Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 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 -279.02 877.73 390.98 -196.49 -261.51

Competitive Comparison of H&R Block's EBIT

For the Personal Services subindustry, H&R Block'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.


H&R Block's EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where H&R Block's EV-to-EBIT falls into.



H&R Block 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 $811 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.


H&R Block  (NYSE:HRB) EBIT Explanation

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

H&R Block'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 )
=-1069.728 * ( 1 - 33.14% )/( (2264.201 + 2262.552)/ 2 )
=-715.2201408/2263.3765
=-31.60 %

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))
=2511.052 - 407.797 - ( 426.99 - max(0, 792.786 - 631.84+426.99))
=2264.201

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))
=2776.295 - 360.445 - ( 321.014 - max(0, 745.587 - 898.885+321.014))
=2262.552

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

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

H&R Block'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 )
=-1046.04/( ( (544.082 + max(-488.53, 0)) + (522.441 + max(-445.938, 0)) )/ 2 )
=-1046.04/( ( 544.082 + 522.441 )/ 2 )
=-1046.04/533.2615
=-196.16 %

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)
=(6.187 + 0 + 102.384) - (407.797 + 0 + 189.304)
=-488.53

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.222 + 0 + 106.003) - (360.445 + 0 + 199.718)
=-445.938

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:

H&R Block's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=810.708/8850.899
=9.16 %

* 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.


H&R Block EBIT Related Terms

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H&R Block (H&R Block) Business Description

Traded in Other Exchanges
Address
One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.
Executives
Tony G Bowen officer: Chief Financial Officer ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Kellie J Logerwell officer: VP & Chief Acct Officer ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Jones Jeffrey J Ii officer: President & CEO - Designate ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Richard A Johnson director FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Robert A Gerard director 161 DUANE ST, NEW YORK NY 10013
Karen A Orosco officer: SVP, U.S. Retail ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Christianna Wood director 330 OLD Y ROAD, GOLDEN CO 80401
Dara S Redler officer: Chief Legal Officer ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Thomas A Gerke officer: SVP and General Counsel GERKE THOMAS A, OVERLAND PARK KS 66251
Mia Mends director 5254 BIRDWOOD ROAD, HOUSTON TX 77096
Sean Cohan director 675 SIXTH AVENUE, 3RD FLOOR, NEW YORK NY 10011
Yolande G Piazza director 111 8TH AVENUE, NEW YORK NY 10011
Anuradha Gupta director 564 PACIFIC AVENUE, SAN FRANCISCO CA 94133
Matthew E Winter director 2775 SANDERS ROAD, NORTHBROOK IL 60062
Kathryn M Collins officer: SVP & Chief Marketing Office ONE H&R BLOCK WAY, KANSAS CITY MO 64105