GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SEI Investments Co (NAS:SEIC) » Definitions » EBIT

SEI Investments Co (SEI Investments Co) EBIT : $626 Mil (TTM As of Dec. 2023)


View and export this data going back to 1981. Start your Free Trial

What is SEI Investments Co EBIT?

SEI Investments Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $150 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $626 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SEI Investments Co's annualized ROC % for the quarter that ended in Dec. 2023 was 23.45%. SEI Investments Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 306.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SEI Investments Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.93%.


SEI Investments Co EBIT Historical Data

The historical data trend for SEI Investments Co'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.

SEI Investments Co EBIT Chart

SEI Investments Co 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 632.07 569.30 694.24 610.03 595.24

SEI Investments Co 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 140.17 155.38 149.32 150.38 170.57

Competitive Comparison of SEI Investments Co's EBIT

For the Asset Management subindustry, SEI Investments Co'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.


SEI Investments Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SEI Investments Co's EV-to-EBIT distribution charts can be found below:

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



SEI Investments Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $626 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.


SEI Investments Co  (NAS:SEIC) EBIT Explanation

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

SEI Investments Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=406.736 * ( 1 - 19.61% )/( (1347.581 + 1441.701)/ 2 )
=326.9750704/1394.641
=23.45 %

where

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))
=2397.236 - 162.464 - ( 887.191 - max(0, 282.052 - 1519.39+887.191))
=1347.581

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))
=2520.003 - 212.271 - ( 866.031 - max(0, 353.047 - 1478.116+866.031))
=1441.701

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

SEI Investments Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=601.5/( ( (198.207 + max(-24.179, 0)) + (193.841 + max(-118.922, 0)) )/ 2 )
=601.5/( ( 198.207 + 193.841 )/ 2 )
=601.5/196.024
=306.85 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(190.333 + 0 + 57.658) - (162.464 + 12.1 + 97.606)
=-24.179

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(171.242 + 0 + 54.765) - (212.271 + 15.366 + 117.292)
=-118.922

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

SEI Investments Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=625.639/7890.074
=7.93 %

* 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.


SEI Investments Co EBIT Related Terms

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


SEI Investments Co (SEI Investments Co) Business Description

Traded in Other Exchanges
Address
1 Freedom Valley Drive, Oaks, PA, USA, 19456
SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with about $99 billion in assets under management. As of December 2022, SEI (including LSV) manages, administers, or advises on over $1.2 trillion in assets.
Executives
West Alfred P Jr director, 10 percent owner, officer: Chairman and Chief Executive 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Carmen Romeo director, officer: Executive Vice President
Wayne Withrow officer: Executive Vice President
Stephanie D. Miller director 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Michael Peterson officer: EXECUTIVE VICE PRESIDENT GC 1 FREEDOM VALLEY DRIVE, OAKS X1 19456
Kathryn Mccarthy director ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Dennis Mcgonigle officer: Executive Vice President/CFO ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Ryan Hicke officer: Executive Vice President ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Mark Andrew Warner officer: VP, Controller and CAO 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Sarah Blumenstein director
Sanjay Sharma officer: EVP (*Remarks) ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Philip Mccabe officer: EVP - Head of Investment Mgr ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Kevin Barr officer: Executive Vice President 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Kathy Heilig officer: Controller/Senior Vice Preside
Jonathan Brassington director ONE FREEDOM VALLEY DRIVE, OAKS PA 19456