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HUB24 (ASX:HUB) EBIT : A$55.9 Mil (TTM As of Dec. 2023)


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What is HUB24 EBIT?

HUB24's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$29.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$55.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HUB24's annualized ROC % for the quarter that ended in Dec. 2023 was 9.47%. HUB24's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 373.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HUB24's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.57%.

HUB24 EBIT Historical Data

The historical data trend for HUB24'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.

HUB24 EBIT Chart

HUB24 Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.54 12.24 12.66 21.66 50.36

HUB24 Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 12.10 9.55 23.97 26.39 29.52

Competitive Comparison of HUB24's EBIT

For the Capital Markets subindustry, HUB24'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.

HUB24's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HUB24's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HUB24's EV-to-EBIT falls into.


HUB24 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 semi-annually data reported by the company within the most recent 12 months, which was A$55.9 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.

HUB24  (ASX:HUB) EBIT Explanation

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

HUB24'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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=64.688 * ( 1 - 24.69% )/( (514.056 + 514.974)/ 2 )
=48.7165328/514.515
=9.47 %

where

Invested Capital(Q: Jun. 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))
=596.681 - 16.63 - ( 72.747 - max(0, 44.947 - 110.942+72.747))
=514.056

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))
=589.659 - 13.861 - ( 60.824 - max(0, 39.353 - 105.501+60.824))
=514.974

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

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

HUB24'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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=59.048/( ( (12.573 + max(-3.134, 0)) + (10.415 + max(8.625, 0)) )/ 2 )
=59.048/( ( 12.573 + 19.04 )/ 2 )
=59.048/15.8065
=373.57 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.384 + 0 + 8.664) - (16.63 + 0.685 + 23.867)
=-3.134

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.528 + 0 + 10.149) - (13.861 + 0 + 22.191)
=8.625

When net working capital is negative, 0 is used.

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

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

HUB24's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=55.915/3556.535
=1.57 %

* 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.

HUB24 EBIT Related Terms

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HUB24 (ASX:HUB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HUB24 Ltd (ASX:HUB) » Definitions » EBIT
Comparable Companies
ASX:NWL ASX:LNK ASX:WHF ASX:OFX ASX:BFG ASX:COG ASX:PPS ASX:RZI ASX:AFA ASX:SWF MS GS SCHW ASX:MQG SHSE:600030 BSP:BPAC3 RJF TW LPLA SHSE:601066
Traded in Other Exchanges
N/A
Address
7 Macquarie Place, Level 2, Sydney, NSW, AUS, 2000
Website
https://www.hub24.com.au
Hub24 is a diversified financial services business. The firm's core platform segment engages in the development and provision of custodial and noncustodial administration services to financial advisers, stockbrokers, accountants, and their clients. The tech solutions segment provides a range of technology and data services, as well as cloud-based software. Hub24 serves individuals, companies, trusts, associations, or self-managed superannuation funds. The firm has 6.3% share of the Australian platform market, in contrast to the largest five providers with an average market share of 14.5% each.

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