Pioneer Credit (ASX:PNC) EBIT : A$38.54 Mil (TTM As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Pioneer Credit EBIT?

Pioneer Credit's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$19.38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$38.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pioneer Credit's annualized ROC % for the quarter that ended in Dec. 2023 was -19.17%. Pioneer Credit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 500.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pioneer Credit's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.78%.

Pioneer Credit EBIT Historical Data

The historical data trend for Pioneer Credit'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.

Pioneer Credit EBIT Chart

Pioneer Credit Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

15.02

-5.36

9.33

5.54

33.34

Pioneer Credit Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															3.49	2.05	14.17	19.17	19.38

Competitive Comparison of Pioneer Credit's EBIT

For the Credit Services subindustry, Pioneer Credit'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.

Pioneer Credit's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Pioneer Credit's EV-to-EBIT distribution charts can be found below:

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

Pioneer Credit 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 semi-annually data reported by the company within the most recent 12 months, which was A$38.54 Mil.

Pioneer Credit (ASX:PNC) EBIT Explanation

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

Pioneer Credit'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-53.184 * ( 1 - 13.51% )	/	( (224.595	+	255.414)	/ 2 )
=	-45.9988416	/	240.0045
=	-19.17 %

where

	Invested Capital		(Q: Jun. 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	))
=	326.754	-	6.145	-	( 114.506	-	max(0, 20.678	-	116.692	+	114.506	))
=	224.595

	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	))
=	366.105	-	24.842	-	( 127.204	-	max(0, 43.591	-	129.44	+	127.204	))
=	255.414

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Pioneer Credit'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	38.754	/	( ( (8.1 + max(-7.063, 0))	+	(7.4 + max(-24.822, 0)) )	/	2 )
=	38.754	/	( ( 8.1	+	7.4 )	/	2 )
=	38.754	/	7.75
=	500.05 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.468	+	0	+	0.696)	-	(6.145	+	0	+	2.082)
=	-7.063

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.185	+	0	+	1.051)	-	(24.842	+	0	+	2.216)
=	-24.822

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	38.543	/	229.757
	=	16.78 %

Pioneer Credit EBIT Related Terms

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

Pioneer Credit (ASX:PNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Pioneer Credit Ltd (ASX:PNC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

108 St. Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.pioneercredit.com.au

Pioneer Credit Ltd provides financial services in Australia. Its primary business involves the acquisition and servicing of Purchased Debt Portfolios (PDPs). The company has launched its app, called Pioneer Path, which is a personal finance and budget management app that helps customers spend less, save more, and reduce debt.