Grayscale Decentralized Finance (DeFi) Fund LLC (Grayscale Decentralized Finance (DeFi) Fund LLC) EBIT : $-0.96 Mil (TTM As of Mar. 2024)

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What is Grayscale Decentralized Finance (DeFi) Fund LLC EBIT?

Grayscale Decentralized Finance (DeFi) Fund LLC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $2.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.96 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROC % for the quarter that ended in Mar. 2024 was 176.25%. Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grayscale Decentralized Finance (DeFi) Fund LLC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -13.65%.

Grayscale Decentralized Finance (DeFi) Fund LLC EBIT Historical Data

The historical data trend for Grayscale Decentralized Finance (DeFi) Fund LLC'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.

Grayscale Decentralized Finance (DeFi) Fund LLC EBIT Chart

Grayscale Decentralized Finance (DeFi) Fund LLC Annual Data

Trend

Jun22

Jun23

EBIT

-0.50

-3.23

Grayscale Decentralized Finance (DeFi) Fund LLC Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial					0.72	-3.74	-1.18	1.49	2.48

Competitive Comparison of Grayscale Decentralized Finance (DeFi) Fund LLC's EBIT

For the Asset Management subindustry, Grayscale Decentralized Finance (DeFi) Fund LLC'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.

Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT falls into.

Grayscale Decentralized Finance (DeFi) Fund LLC 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 $-0.96 Mil.

Grayscale Decentralized Finance (DeFi) Fund LLC (OTCPK:DEFG) EBIT Explanation

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

Grayscale Decentralized Finance (DeFi) Fund LLC'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 )
=	9.928 * ( 1 - 0% )	/	( (4.392	+	6.874)	/ 2 )
=	9.928	/	5.633
=	176.25 %

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	))
=	4.392	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	4.392

	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	))
=	6.874	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	6.874

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

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

Grayscale Decentralized Finance (DeFi) Fund LLC'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 )
=	9.928	/	( ( (0 + max(0, 0))	+	(0 + max(0, 0)) )	/	2 )
=	9.928	/	( ( 0	+	0 )	/	2 )
=	9.928	/	0
=	%

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

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

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:

Grayscale Decentralized Finance (DeFi) Fund LLC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.955	/	6.995
	=	-13.65 %

Grayscale Decentralized Finance (DeFi) Fund LLC EBIT Related Terms

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Grayscale Decentralized Finance (DeFi) Fund LLC (Grayscale Decentralized Finance (DeFi) Fund LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Grayscale Decentralized Finance (DeFi) Fund LLC (OTCPK:DEFG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

290 Harbor Drive, 4th Floor, Stamford, CT, USA, 06902

Website

https://www.grayscale.com

Grayscale Decentralized Finance (DeFi) Fund LLC seeks to provide investors with exposure to a selection of industry decentralized finance platforms through a market cap-weighted portfolio designed to track the CoinDesk DeFi Select Index. DeFi Fund holds the liquid digital assets that meet certain trading and custody requirements and are classified in the DeFi sector defined by CoinDesk Digital Asset Classification Standard.

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