SThree (LSE:STEM) EBIT : £79 Mil (TTM As of Nov. 2023)

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What is SThree EBIT?

SThree's earnings before interest and taxes (EBIT) for the six months ended in Nov. 2023 was £40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was £79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SThree's annualized ROC % for the quarter that ended in Nov. 2023 was 26.90%. SThree's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 76.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SThree's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 14.87%.

SThree EBIT Historical Data

The historical data trend for SThree'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.

SThree EBIT Chart

SThree Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

EBIT

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57.81

31.87

61.03

77.69

78.61

SThree Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
EBIT	Get a 7-Day Free Trial															32.79	44.66	33.03	38.81	39.80

Competitive Comparison of SThree's EBIT

For the Staffing & Employment Services subindustry, SThree'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.

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

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

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

SThree 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £79 Mil.

SThree (LSE:STEM) EBIT Explanation

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

SThree's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	88.764 * ( 1 - 28.02% )	/	( (162.96	+	311.998)	/ 2 )
=	63.8923272	/	237.479
=	26.90 %

where

	Invested Capital		(Q: May. 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	))
=	436.643	-	199.497	-	( 74.186	-	max(0, 216.815	-	398.402	+	74.186	))
=	162.96

	Invested Capital		(Q: Nov. 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	))
=	472.303	-	77.103	-	( 83.202	-	max(0, 229.548	-	428.322	+	83.202	))
=	311.998

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

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

SThree's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2023		Q: Nov. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	79.602	/	( ( (30.593 + max(118.639, 0))	+	(31.116 + max(26.905, 0)) )	/	2 )
=	79.602	/	( ( 149.232	+	58.021 )	/	2 )
=	79.602	/	103.6265
=	76.82 %

where Working Capital is:

	Working Capital		(Q: May. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(324.216	+	0	+	-5.6843418860808E-14)	-	(199.497	+	0	+	6.08)
=	118.639

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(236.886	+	0	+	8.27)	-	(77.103	+	0	+	141.148)
=	26.905

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2023 )
	=	78.613	/	528.797
	=	14.87 %

SThree EBIT Related Terms

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SThree (LSE:STEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SThree PLC (LSE:STEM) » Definitions » EBIT

Comparable Companies

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STEMl:UK

Address

75 King William Street, 1st Floor, London, GBR, EC4N 7BE

Website

https://www.sthree.com

SThree PLC is involved in the staffing business. It provides contract and permanent recruitment services. The company operates in information and communication, engineering, energy, life sciences, banking, and finance sectors. It provides its service through various brands such as computer future, progressive, Huxley, real, orgtel, jpgray, Newington international and enterprise partners. The company operates in the UK, Ireland, Continental Europe, America, Asia Pacific and the Middle east.