TrueBlue (TrueBlue) EBIT : $-14 Mil (TTM As of Dec. 2023)

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What is TrueBlue EBIT?

TrueBlue's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TrueBlue's annualized ROC % for the quarter that ended in Dec. 2023 was -1.66%. TrueBlue's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TrueBlue's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.36%.

TrueBlue EBIT Historical Data

The historical data trend for TrueBlue'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.

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TrueBlue EBIT Chart

TrueBlue Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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66.18

0.31

68.44

72.19

-14.37

TrueBlue 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															6.86	-5.94	2.93	-2.73	-8.63

Competitive Comparison of TrueBlue's EBIT

For the Staffing & Employment Services subindustry, TrueBlue'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.

TrueBlue's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TrueBlue's EV-to-EBIT distribution charts can be found below:

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

TrueBlue 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 $-14 Mil.

TrueBlue (NYSE:TBI) EBIT Explanation

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

TrueBlue'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 )
=	-34.5 * ( 1 - 65.54% )	/	( (731.801	+	700.538)	/ 2 )
=	-11.8887	/	716.1695
=	-1.66 %

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	))
=	915.031	-	136.117	-	( 47.113	-	max(0, 200.574	-	359.606	+	47.113	))
=	731.801

	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	))
=	899.383	-	136.96	-	( 61.885	-	max(0, 204.099	-	354.993	+	61.885	))
=	700.538

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

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

TrueBlue'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 )
=	-34.5	/	( ( (155.202 + max(111.118, 0))	+	(154.725 + max(89.235, 0)) )	/	2 )
=	-34.5	/	( ( 266.32	+	243.96 )	/	2 )
=	-34.5	/	255.14
=	-13.52 %

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)
=	(276.233	+	0	+	23.021)	-	(136.117	+	0	+	52.019)
=	111.118

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(252.538	+	0	+	28.894)	-	(136.96	+	1.844	+	53.393)
=	89.235

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-14.365	/	329.351
	=	-4.36 %

TrueBlue EBIT Related Terms

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TrueBlue (TrueBlue) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TrueBlue Inc (NYSE:TBI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1015 A Street, Tacoma, WA, USA, 98402

Website

https://www.trueblue.com

TrueBlue Inc is a provider of staffing and workforce management solutions. The company's reportable segments include PeopleReady offers industrial staffing services. PeopleManagement offers contingent and productivity-based on-site industrial staffing services and PeopleScout offers recruitment process outsourcing, talent advisory services, and managed service provider services. It generates maximum revenue from the PeopleReady segment.

Executives

Kim Harris Jones	director	THREE LAKES DRIVE, NORTHFIELD IL 60093
Sonita Lontoh	director	C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
Robert C. Kreidler	director	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Richard P. Betori	officer: EVP; President - PeopleScout	1015 A STREET, TACOMA WA 98402
Taryn R Owen	officer: EVP,President - PeopleScout	1015 A ST, TACOMA WA 98402
Kristi A Savacool	director	100 HALF DAY ROAD, LINCOLNSHIRE IL 60069
Paul G Reitz	director	1301 FIRST AVENUE, COLUMBUS GA 31901
Carl Schweihs	officer: EVP, President - PeopleMgmt	1015 A STREET, TACOMA WA 98402
Kristy A. Fitzsimmons-willis	officer: EVP; President - PeopleReady	1015 A STREET, TACOMA WA 98402
Garrett Ferencz	officer: EVP, Chief Legal Officer	1015 A STREET, TACOMA WA 98402
William C. Goings	director	1015 A ST, TACOMA WA 98402
Derrek Lane Gafford	officer: EVP and CFO	1015 A STREET, P.O. BOX 2910, TACOMA WA 98402
Richard Christensen	officer: SVP, Chief Accounting Officer	1015 A STREET, TACOMA WA 98402
Steven C Cooper	director	PO BOX 2910, TACOMA WA 98401-2910
A. Patrick Beharelle	officer: CEO	1015 A STREET, TACOMA WA 98402