HireQuest (HireQuest) EBIT : $8.04 Mil (TTM As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is HireQuest EBIT?

HireQuest's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $2.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $8.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HireQuest's annualized ROC % for the quarter that ended in Mar. 2024 was 7.88%. HireQuest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 27.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HireQuest's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.98%.

HireQuest EBIT Historical Data

The historical data trend for HireQuest'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.

HireQuest EBIT Chart

HireQuest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

3.54

6.15

12.63

14.24

9.17

HireQuest 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															3.41	2.83	2.42	0.51	2.28

Competitive Comparison of HireQuest's EBIT

For the Staffing & Employment Services subindustry, HireQuest'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.

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

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

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

HireQuest 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.04 Mil.

HireQuest (NAS:HQI) EBIT Explanation

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

HireQuest's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	8.408 * ( 1 - 16.73% )	/	( (88.18	+	89.571)	/ 2 )
=	7.0013416	/	88.8755
=	7.88 %

where

	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	))
=	103.826	-	14.304	-	( 1.342	-	max(0, 35.711	-	51.453	+	1.342	))
=	88.18

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	105.945	-	14.805	-	( 1.569	-	max(0, 37.085	-	55.065	+	1.569	))
=	89.571

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

HireQuest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.1	/	( ( (4.28 + max(27.245, 0))	+	(4.239 + max(31.097, 0)) )	/	2 )
=	9.1	/	( ( 31.525	+	35.336 )	/	2 )
=	9.1	/	33.4305
=	27.22 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44.394	+	0	+	3.929)	-	(14.304	+	0	+	6.774)
=	27.245

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(47.712	+	0	+	3.887)	-	(14.805	+	0	+	5.697)
=	31.097

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	8.037	/	201.914
	=	3.98 %

HireQuest EBIT Related Terms

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

HireQuest (HireQuest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HireQuest Inc (NAS:HQI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Springhall Drive, Goose Creek, SC, USA, 29445

Website

https://www.hirequest.com

HireQuest Inc is a nationwide franchisor of offices providing direct-dispatch, executive search, and commercial staffing solutions in the light industrial and blue-collar segments of the staffing industry and traditional commercial staffing. The company's franchisees provide various types of temporary personnel through two business models operating under the trade names HireQuest Direct, HireQuest, Snelling, DriverQuest, HireQuest Health, Northbound Executive Search, and MRI. The primary source of revenue for the company is royalty fees based on the operation of its franchised offices.

Executives

Lawrence F Hagenbuch	director	600 CORPORATION DRIVE, PENDLETON IN 46064
R. Rimmy Malhotra	director	C/O COMMAND CENTER, INC., 3609 S WADSWORTH BLVD., SUITE 250, LAKEWOOD CO 80235
Kathleen M Shanahan	director	24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Jack A. Olmstead	director	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Edward Jackson	director, 10 percent owner	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Richard Hermanns	director, 10 percent owner, officer: President and CEO	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
David S. Burnett	officer: CFO	C/O INTERLINK ELECTRONICS, INC., 31248 OAK CREST DRIVE, SUITE 110, WESTLAKE VILLAGE CA 91361
Richard F & Lisa S Hermanns Dynasty Trust Dated July 16, 2008	10 percent owner	240 S PINEAPPLE AVENUE, 10TH FLOOR, SARASOTA FL 34236
Jd Smith	director	13506 SUMMERPORT VILLAGE PARKWAY #160, WINDERMERE FL 34786
John Mcannar	officer: Secretary, VP and GC	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Smith Cory	officer: CFO and Treasurer	360 S. MONROE STREET, APT. 707, DENVER CO 80209
Payne Brown	director	111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Brendan Simaytis	officer: Executive VP & General Counsel	COMMAND CENTER, INC., 3609 S. WADSWORTH BLVD., SUITE 250, LAKEWOOD CO 80235
Steven Mark Bathgate	director	5350 S ROSLYN, SUITE 380, ENGLEWOOD CO 80111
Galen G Vetter	director	500 EAST GRANT STREET, #2011, MINNEAPOLIS MN 55404