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GCM Grosvenor (GCM Grosvenor) EBIT : $-1.6 Mil (TTM As of Mar. 2024)


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What is GCM Grosvenor EBIT?

GCM Grosvenor's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-11.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GCM Grosvenor's annualized ROC % for the quarter that ended in Mar. 2024 was -10.67%. GCM Grosvenor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -96.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GCM Grosvenor's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.19%.


GCM Grosvenor EBIT Historical Data

The historical data trend for GCM Grosvenor'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.

GCM Grosvenor EBIT Chart

GCM Grosvenor Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 88.00 -55.25 173.15 112.41 2.23

GCM Grosvenor Quarterly Data
Dec18 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 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 -8.07 -28.52 26.65 12.17 -11.87

Competitive Comparison of GCM Grosvenor's EBIT

For the Asset Management subindustry, GCM Grosvenor'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.


GCM Grosvenor's EV-to-EBIT Distribution in the Asset Management Industry

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

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



GCM Grosvenor 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 $-1.6 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.


GCM Grosvenor  (NAS:GCMG) EBIT Explanation

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

GCM Grosvenor'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 )
=-41.132 * ( 1 - -6.24% )/( (406.498 + 412.84)/ 2 )
=-43.6986368/409.669
=-10.67 %

where

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

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

GCM Grosvenor'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 )
=-47.496/( ( (45.932 + max(-10.519, 0)) + (52.624 + max(-53.228, 0)) )/ 2 )
=-47.496/( ( 45.932 + 52.624 )/ 2 )
=-47.496/49.278
=-96.38 %

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)
=(52.367 + 0 + 1.4210854715202E-14) - (54.091 + 8.795 + 0)
=-10.519

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.316 + 0 + 0) - (85.544 + 0 + 0)
=-53.228

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-1.573/822.702
=-0.19 %

* 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.


GCM Grosvenor EBIT Related Terms

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GCM Grosvenor (GCM Grosvenor) Business Description

Traded in Other Exchanges
N/A
Address
900 North Michigan Avenue, Suite 1100, Chicago, IL, USA, 60611
GCM Grosvenor Inc is a global alternative asset management firm. It invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, ESG and absolute return strategies. The company's offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments. It also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.
Executives
Pamela L Bentley officer: Chief Financial Officer C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Sandra Hurse officer: Chief HR Officer C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Kathleen Patricia Sullivan officer: M D and Head of Accounting 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Gcm Progress Llc 10 percent owner C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm Progress Subsidiary Llc 10 percent owner C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Cf Finance Holdings Llc 10 percent owner 110 EAST 59TH STREET, NEW YORK NY 10022
Stephen Malkin director C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Francesca Cornelli director C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Angela Blanton director C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm V, Llc 10 percent owner C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Grosvenor Holdings, L.l.c. 10 percent owner 900 NORTH MICHIGAN AVE, SUITE 1100, CHICAGO IL 60611
Jonathan Reisin Levin director, officer: President 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Frederick Pollock officer: Chief Investment Officer 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Michael Jay Sacks director, 10 percent owner, officer: Chief Executive Officer 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611