GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Microequities Asset Management Group Ltd (ASX:MAM) » Definitions » EBIT

Microequities Asset Management Group (ASX:MAM) EBIT : A$8.00 Mil (TTM As of Jun. 2023)


View and export this data going back to 2018. Start your Free Trial

What is Microequities Asset Management Group EBIT?

Microequities Asset Management Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$3.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$8.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Microequities Asset Management Group's annualized ROC % for the quarter that ended in Jun. 2023 was 0.00%. Microequities Asset Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 935.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Microequities Asset Management Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 10.94%.


Microequities Asset Management Group EBIT Historical Data

The historical data trend for Microequities Asset Management Group'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.

Microequities Asset Management Group EBIT Chart

Microequities Asset Management Group Annual Data
Trend Dec17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial - 4.94 19.36 18.12 8.00

Microequities Asset Management Group Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 12.69 18.26 -0.14 4.50 3.50

Competitive Comparison of Microequities Asset Management Group's EBIT

For the Asset Management subindustry, Microequities Asset Management Group'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.


Microequities Asset Management Group's EV-to-EBIT Distribution in the Asset Management Industry

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

* The bar in red indicates where Microequities Asset Management Group's EV-to-EBIT falls into.



Microequities Asset Management Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$8.00 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.


Microequities Asset Management Group  (ASX:MAM) EBIT Explanation

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

Microequities Asset Management Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=0 * ( 1 - 20.08% )/( (15.167 + 14.728)/ 2 )
=0/14.9475
=0.00 %

where

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

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

Microequities Asset Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.002/( ( (0.691 + max(0.245, 0)) + (0.518 + max(0.043, 0)) )/ 2 )
=7.002/( ( 0.936 + 0.561 )/ 2 )
=7.002/0.7485
=935.47 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.924 + 0 + 0) - (0.539 + 0.14 + 0)
=0.245

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.899 + 0 + 0) - (0.581 + 0.275 + 2.2204460492503E-16)
=0.043

When net working capital is negative, 0 is used.

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

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

Microequities Asset Management Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=8.001/73.159
=10.94 %

* 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.


Microequities Asset Management Group EBIT Related Terms

Thank you for viewing the detailed overview of Microequities Asset Management Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Microequities Asset Management Group (ASX:MAM) Business Description

Traded in Other Exchanges
N/A
Address
1 Farrer Place, Suite 3105, Level 31, Governor Macquarie Tower, Sydney, NSW, AUS, 2000
Microequities Asset Management Group Ltd is an asset management firm. It provides various funds such as Deep value fund, High-income value microcap fund, Global value microcap fund, and others. The company derives income from three sources: Management Fees, Performance Fees, and other revenue which are derived based on the performance of each Fund on an individual investor basis.

Microequities Asset Management Group (ASX:MAM) Headlines

No Headlines