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EZPW (EZCORP) Operating Income : $102 Mil (TTM As of Jun. 2024)


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What is EZCORP Operating Income?

EZCORP's Operating Income for the three months ended in Jun. 2024 was $22 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was $102 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. EZCORP's Operating Income for the three months ended in Jun. 2024 was $22 Mil. EZCORP's Revenue for the three months ended in Jun. 2024 was $281 Mil. Therefore, EZCORP's Operating Margin % for the quarter that ended in Jun. 2024 was 7.88%.

Good Sign:

EZCORP Inc operating margin is expanding. Margin expansion is usually a good sign.

EZCORP's 5-Year average Growth Rate for Operating Margin % was 8.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EZCORP's annualized ROC % for the quarter that ended in Jun. 2024 was 5.61%. EZCORP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 22.60%.


EZCORP Operating Income Historical Data

The historical data trend for EZCORP's Operating Income 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.

EZCORP Operating Income Chart

EZCORP Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.41 7.08 31.48 74.25 91.60

EZCORP Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Operating Income 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 20.58 15.99 36.91 27.29 22.17

EZCORP Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $102 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.


EZCORP  (NAS:EZPW) Operating Income Explanation

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

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

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=88.696 * ( 1 - 21.96% )/( (1232.685 + 1236.984)/ 2 )
=69.2183584/1234.8345
=5.61 %

where

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))
=1508.142 - 46.346 - ( 229.111 - max(0, 173.195 - 722.304+229.111))
=1232.685

Invested Capital(Q: Jun. 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))
=1510.163 - 55.141 - ( 218.038 - max(0, 286.04 - 741.928+218.038))
=1236.984

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

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=106.156/( ( (307.058 + max(169.783, 0)) + (294.956 + max(167.568, 0)) )/ 2 )
=106.156/( ( 476.841 + 462.524 )/ 2 )
=106.156/469.6825
=22.60 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.117 + 163.429 + 17.427) - (46.346 + 20.352 + 16.492)
=169.783

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(71.483 + 171.937 + 13.957) - (55.141 + 20.067 + 14.601)
=167.568

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

EZCORP's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=22.174/281.421
=7.88 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


EZCORP Operating Income Related Terms

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


EZCORP Business Description

Traded in Other Exchanges
Address
2500 Bee Cave Road, Suite 200, Building One, Rollingwood, TX, USA, 78746
EZCORP Inc is a United States-based company engaged in offering pawn loans in the United States and Mexico. It also offers short-term unsecured loans and other consumer financial products, and buy and sell second-hand goods. The operating segments of the company are us Pawn, Latin America Pawn, and other international. us Pawn segment includes all pawn activities in the United States. Latin America Pawn segment includes all pawn activities in Mexico and other parts of Latin America. The company generates revenue from merchandise sales, jewelry scrapping sales, and pawn service charges, of which key revenue is derived from the merchandise sales which are primarily collateral forfeited from pawn lending operations and used merchandise purchased from the customers.
Executives
Matthew Appel director C/O EXLSERVICE HOLDINGS, INC., 350 PARK AVENUE, NEW YORK NY 10022
Nicole Swies officer: Chief Revenue, Operations Off 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Ellen H Bryant officer: V.P., Deputy General Counsel 2500 BEE CAVE ROAD, BLDG. 1, STE. 200, ROLLINGWOOD TX 78746
Robert J Hicks officer: Chief Accounting Officer 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Jason A. Kulas director C/O EZCORP, INC., 2500 BEE CAVE ROAD, BLDG 1 STE 200, ROLLINGWOOD TX 78746
Lisa Vanroekel officer: Chief HR Officer 1601 ELM STREET, SUITE 800, DALLAS TX 75201
Sunil Sajnani officer: VP, Chief Audit Executive 1601 ELM STREET, SUITE 800, DALLAS TX 75201
Timothy Jugmans officer: Interim CFO 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Fred E. Herman officer: Chief Accounting Officer 5501 HEADQUARTERS DRIVE, PLANO TX 75024
Hugo R. Dooner director 2500 BEE CAVE RD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Wedin Jacob Gustaf Lennart officer: Chief Product & Process Office 9500 VELETTA PLACE, AUSTIN TX 78735
Powell John Blair Jr. officer: Chief Customer Service Officer 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Keith John Robertson officer: Chief Information Officer 2500 BEE CAVE RD., BLD 1 STE 200, ROLLINGWOOD TX 78746
Zena Srivatsa Arnold director 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Rosa C Zeegers director 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746

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