WT Financial Group (ASX:WTL) EBIT : A$5.8 Mil (TTM As of Dec. 2023)

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What is WT Financial Group EBIT?

WT Financial Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$2.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$5.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WT Financial Group's annualized ROC % for the quarter that ended in Dec. 2023 was 11.60%. WT Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 437.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WT Financial Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.12%.

WT Financial Group EBIT Historical Data

The historical data trend for WT Financial 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.

WT Financial Group EBIT Chart

WT Financial Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.94

-0.45

-3.33

2.80

5.49

WT Financial Group Semi-Annual Data
	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													1.36	1.44	2.36	3.12	2.66

Competitive Comparison of WT Financial Group's EBIT

For the Asset Management subindustry, WT Financial 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.

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

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

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

WT Financial 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$5.8 Mil.

WT Financial Group (ASX:WTL) EBIT Explanation

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

WT Financial Group'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 )
=	4.51 * ( 1 - 3.01% )	/	( (37.037	+	38.403)	/ 2 )
=	4.374249	/	37.72
=	11.60 %

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	))
=	47.847	-	10.792	-	( 5.313	-	max(0, 13.141	-	13.159	+	5.313	))
=	37.037

	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	))
=	52.935	-	13.914	-	( 5.232	-	max(0, 15.621	-	16.239	+	5.232	))
=	38.403

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:

WT Financial Group'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 )
=	5.31	/	( ( (1.355 + max(-4.701, 0))	+	(1.071 + max(-4.023, 0)) )	/	2 )
=	5.31	/	( ( 1.355	+	1.071 )	/	2 )
=	5.31	/	1.213
=	437.76 %

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)
=	(6.11	+	0	+	1.706)	-	(10.792	+	0	+	1.725)
=	-4.701

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.273	+	0	+	1.734)	-	(13.914	+	0	+	1.116)
=	-4.023

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:

WT Financial Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5.778	/	27.354
	=	21.12 %

WT Financial Group EBIT Related Terms

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WT Financial Group (ASX:WTL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 Pitt Street, Level 5, Australia Square Plaza Building, Sydney, NSW, AUS, 2000

Website

https://www.wtfglimited.com

WT Financial Group Ltd is a diversified financial services company. The company's operating segment includes B2B and B2C. It includes financial planning, investment advice and product sales; Accounting and taxation services, and others. It generates maximum revenue from the financial planning, investment advice and product sales segment. Its Financial planning, investment advice and product sales segment include the provision of a diverse range of financial services encompassing financial planning in self-managed superannuation funds (SMSFs) and direct and SMSF residential real estate investment.

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