Express Scripts Holding Co (Express Scripts Holding Co) EBIT : $5,393 Mil (TTM As of Sep. 2018)

View and export this data going back to 1992. Start your Free Trial

What is Express Scripts Holding Co EBIT?

Express Scripts Holding Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2018 was $1,502 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2018 was $5,393 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Express Scripts Holding Co's annualized ROC % for the quarter that ended in Sep. 2018 was 10.99%. Express Scripts Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 452.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Express Scripts Holding Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 10.36%.

Express Scripts Holding Co EBIT Historical Data

The historical data trend for Express Scripts Holding Co'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.

Express Scripts Holding Co EBIT Chart

Express Scripts Holding Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

Get a 7-Day Free Trial

3,626.40

3,649.10

4,364.10

5,121.90

5,536.90

Express Scripts Holding Co Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
EBIT	Get a 7-Day Free Trial															1,492.00	1,596.60	973.60	1,321.00	1,501.60

Competitive Comparison of Express Scripts Holding Co's EBIT

For the Healthcare Plans subindustry, Express Scripts Holding Co'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.

Express Scripts Holding Co's EV-to-EBIT Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Express Scripts Holding Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Express Scripts Holding Co's EV-to-EBIT falls into.

Express Scripts Holding Co 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,393 Mil.

Express Scripts Holding Co (NAS:ESRX) EBIT Explanation

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

Express Scripts Holding Co's annualized ROC % for the quarter that ended in Sep. 2018 is calculated as:

	ROC % (Q: Sep. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2018 )	+	Invested Capital (Q: Sep. 2018 ))	/ count )
=	5954.4 * ( 1 - 20.49% )	/	( (43040.8	+	43110.7)	/ 2 )
=	4734.34344	/	43075.75
=	10.99 %

where

	Invested Capital		(Q: Jun. 2018 )
=	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	))
=	54677.8	-	17053.6	-	( 2942.3	-	max(0, 18586.7	-	13170.1	+	2942.3	))
=	43040.8

	Invested Capital		(Q: Sep. 2018 )
=	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	))
=	55441.6	-	16670.1	-	( 3705.7	-	max(0, 18691.4	-	14352.2	+	3705.7	))
=	43110.7

Note: The Operating Income data used here is four times the quarterly (Sep. 2018) data.

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

Express Scripts Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2018		Q: Sep. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6006.4	/	( ( (1337.8 + max(-10058.5, 0))	+	(1318.4 + max(-9777.3, 0)) )	/	2 )
=	6006.4	/	( ( 1337.8	+	1318.4 )	/	2 )
=	6006.4	/	1328.1
=	452.26 %

where Working Capital is:

	Working Capital		(Q: Jun. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4105.4	+	2293.1	+	596.6)	-	(17053.6	+	0	+	3.6379788070917E-12)
=	-10058.5

	Working Capital		(Q: Sep. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4070.4	+	2168.9	+	653.5)	-	(16670.1	+	0	+	3.6379788070917E-12)
=	-9777.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

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

Express Scripts Holding Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2018 )
	=	5392.8	/	52061.190
	=	10.36 %

Express Scripts Holding Co EBIT Related Terms

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

Express Scripts Holding Co (Express Scripts Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Express Scripts Holding Co (NAS:ESRX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.express-scripts.com

Express Scripts is the largest pharmacy benefit manager in the United States. Through its mail-order pharmacy and network of retail pharmacies, Express Scripts processes approximately 1.3 billion adjusted prescriptions annually for its payer clients.