Third Age Health Services (NZSE:TAH) EBIT : NZ$1.19 Mil (TTM As of Sep. 2023)

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What is Third Age Health Services EBIT?

Third Age Health Services's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was NZ$0.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$1.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Third Age Health Services's annualized ROC % for the quarter that ended in Sep. 2023 was 15.97%. Third Age Health Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 54.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Third Age Health Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 7.24%.

Third Age Health Services EBIT Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services EBIT Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

EBIT

1.60

1.58

0.87

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial			0.94	0.65	0.51	0.36	0.83

Competitive Comparison of Third Age Health Services's EBIT

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Third Age Health Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Third Age Health Services's EV-to-EBIT falls into.

Third Age Health Services 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$1.19 Mil.

Third Age Health Services (NZSE:TAH) EBIT Explanation

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

Third Age Health Services's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	1.776 * ( 1 - 28.3% )	/	( (8.15	+	7.794)	/ 2 )
=	1.273392	/	7.972
=	15.97 %

where

	Invested Capital		(Q: Mar. 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	))
=	10.044	-	1.395	-	( 1.355	-	max(0, 2.053	-	2.552	+	1.355	))
=	8.15

	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	))
=	9.358	-	1.552	-	( 0.825	-	max(0, 2.184	-	2.196	+	0.825	))
=	7.794

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

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

Third Age Health Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.668	/	( ( (3.121 + max(-0.372, 0))	+	(2.949 + max(-0.284, 0)) )	/	2 )
=	1.668	/	( ( 3.121	+	2.949 )	/	2 )
=	1.668	/	3.035
=	54.96 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.925	+	0	+	0.192)	-	(1.395	+	0.094	+	0)
=	-0.372

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.371	+	0	+	4.4408920985006E-16)	-	(1.552	+	0.103	+	0)
=	-0.284

When net working capital is negative, 0 is used.

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

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

Third Age Health Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	1.191	/	16.458
	=	7.24 %

Third Age Health Services EBIT Related Terms

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Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » EBIT

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Traded in Other Exchanges

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Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.