BrightSphere Investment Group (BrightSphere Investment Group) EBIT : $120.9 Mil (TTM As of Mar. 2024)

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What is BrightSphere Investment Group EBIT?

BrightSphere Investment Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $26.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $120.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BrightSphere Investment Group's annualized ROC % for the quarter that ended in Mar. 2024 was 15.79%. BrightSphere Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 54.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BrightSphere Investment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.36%.

BrightSphere Investment Group EBIT Historical Data

The historical data trend for BrightSphere Investment 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.

BrightSphere Investment Group EBIT Chart

BrightSphere Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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245.40

373.30

202.90

165.30

116.10

BrightSphere Investment Group 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															22.00	22.40	32.30	39.40	26.80

Competitive Comparison of BrightSphere Investment Group's EBIT

For the Asset Management subindustry, BrightSphere Investment 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.

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

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

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

BrightSphere Investment 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $120.9 Mil.

BrightSphere Investment Group (NYSE:BSIG) EBIT Explanation

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

BrightSphere Investment Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	91.6 * ( 1 - 27.98% )	/	( (422.7	+	412.9)	/ 2 )
=	65.97032	/	417.8
=	15.79 %

where

	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	))
=	611.4	-	41.9	-	( 146.8	-	max(0, 41.9	-	293.7	+	146.8	))
=	422.7

	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	))
=	544.9	-	29.8	-	( 102.2	-	max(0, 102.8	-	222	+	102.2	))
=	412.9

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

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

BrightSphere Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	107.2	/	( ( (101.4 + max(102.3, 0))	+	(97.6 + max(90, 0)) )	/	2 )
=	107.2	/	( ( 203.7	+	187.6 )	/	2 )
=	107.2	/	195.65
=	54.79 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(143.4	+	0	+	0.80000000000001)	-	(41.9	+	0	+	0)
=	102.3

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(119	+	0	+	0.80000000000001)	-	(29.8	+	0	+	0)
=	90

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	120.9	/	1167.349
	=	10.36 %

BrightSphere Investment Group EBIT Related Terms

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BrightSphere Investment Group (BrightSphere Investment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BrightSphere Investment Group Inc (NYSE:BSIG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2B9:Germany

Address

200 State Street, 13th Floor, Boston, MA, USA, 02109

Website

https://www.bsig.com

BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.

Executives

Richard Jonathan Hart	officer: Chief Legal Officer	200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Christina Wiater	officer: Principal Accounting Officer	200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Suren Rana	director, officer: President and CEO	245 PARK AVENUE, 40TH FLOOR, NEW YORK NY 10167
Paulson & Co. Inc.	10 percent owner	1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
John Paulson	director, 10 percent owner	1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
Daniel K. Mahoney	officer: Head of Finance/PAO	C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116
Guang Yang	director, officer: President and CEO	850 THIRD AVENUE, 16TH FLOOR, NEW YORK NY 10022
Robert J Chersi	director	C/O OMAM INC, 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Maliz E Beams	director	C/O PORT FINANCIAL CORP, 1380 SOLDIERS FIELD RD, BRIGHTON MA 02135
Barbara Trebbi	director	C/O OMAM INC., 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Reginald Love	director	C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Andrew D Kim	director	1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036