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Kforce (Kforce) EBIT : $79 Mil (TTM As of Mar. 2024)


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What is Kforce EBIT?

Kforce's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kforce's annualized ROC % for the quarter that ended in Mar. 2024 was 17.54%. Kforce's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 37.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kforce's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.41%.


Kforce EBIT Historical Data

The historical data trend for Kforce'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.

Kforce EBIT Chart

Kforce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 74.82 80.26 106.64 116.87 87.12

Kforce 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.40 25.93 16.03 21.75 15.73

Competitive Comparison of Kforce's EBIT

For the Staffing & Employment Services subindustry, Kforce'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.


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

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

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



Kforce 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 $79 Mil.

* 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.


Kforce  (NYSE:KFRC) EBIT Explanation

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

Kforce'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 )
=62.908 * ( 1 - 27.1% )/( (258.9 + 264.079)/ 2 )
=45.859932/261.4895
=17.54 %

where

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

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

Kforce'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 )
=62.908/( ( (23.786 + max(144.954, 0)) + (23.44 + max(143.388, 0)) )/ 2 )
=62.908/( ( 168.74 + 166.828 )/ 2 )
=62.908/167.784
=37.49 %

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)
=(233.428 + 0 + 10.912) - (98.96 + 0 + 0.426)
=144.954

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(236.923 + 0 + 9.146) - (102.148 + 0 + 0.533)
=143.388

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=79.445/1238.629
=6.41 %

* 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.


Kforce EBIT Related Terms

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Kforce (Kforce) Business Description

Traded in Other Exchanges
Address
1150 Assembly Drive, Suite 500, Tampa, FL, USA, 33607
Kforce Inc provides professional and technical specialty staffing services and solutions. The company operates two business segments: 1) technology segment where the company provides talent solutions with candidates skilled in areas including systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security. 2) FA segment where the company offers consultants in traditional finance and accounting roles such as finance, planning and analysis; business intelligence analysis; general accounting; transactional accounting business and cost analysis; and taxation and treasury. The majority of revenue is earned through the technology segment.
Executives
David M Kelly officer: Sr VP, Chief Financial Officer
N John Simmons director 33 NORTH PINE CIRCLE, BELLEAIR FL 33756
Elaine Rosen director
Andrew G Thomas officer: CHIEF MARKETING OFFICER 1001 E PALM AVE, TAMPA FL 33605
Joseph J Liberatore officer: President
David L Dunkel director, officer: Chief Executive Officer
Jeffrey B. Hackman officer: SVP Finance & Accounting 1001 EAST PALM AVENUE, TAMPA FL 33605
Ralph Struzziero director
Derrick Dewan Brooks director 1001 EAST PALM AVENUE, TAMPA FL 33605
Kye L. Mitchell officer: Chief Operations Officer 1001 EAST PALM AVENUE, TAMPA FL 33605
Mark F Furlong director 770 M WATER ST, MILWAUKEE WI 53202
Michael R Blackman officer: Chief Corporate Dev. Officer
Ann E. Dunwoody director 600 THIRD AVENUE, NEW YORK NY 10016
Catherine Cloudman director 1001 E. PALM AVENUE, TAMPA FL 33605
Richard M Cocchiaro director, officer: Vice Chairman