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FRP Advisory Group (LSE:FRP) EBIT : £22.4 Mil (TTM As of Oct. 2023)


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What is FRP Advisory Group EBIT?

FRP Advisory Group's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £12.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £22.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FRP Advisory Group's annualized ROC % for the quarter that ended in Oct. 2023 was 30.74%. FRP Advisory Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 276.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FRP Advisory Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 6.62%.


FRP Advisory Group EBIT Historical Data

The historical data trend for FRP Advisory 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.

FRP Advisory Group EBIT Chart

FRP Advisory Group Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
EBIT
Get a 7-Day Free Trial 0.26 3.08 16.84 15.60 16.20

FRP Advisory Group Semi-Annual Data
Apr17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.90 9.70 5.90 10.30 12.10

Competitive Comparison of FRP Advisory Group's EBIT

For the Capital Markets subindustry, FRP Advisory 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.


FRP Advisory Group's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, FRP Advisory Group's EV-to-EBIT distribution charts can be found below:

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



FRP Advisory 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £22.4 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.


FRP Advisory Group  (LSE:FRP) EBIT Explanation

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

FRP Advisory Group's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

ROC % (Q: Oct. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2023 ) + Invested Capital (Q: Oct. 2023 ))/ count )
=23.8 * ( 1 - 23.48% )/( (51.5 + 67)/ 2 )
=18.21176/59.25
=30.74 %

where

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

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

FRP Advisory Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=24.2/( ( (9 + max(-21.8, 0)) + (8.5 + max(-19, 0)) )/ 2 )
=24.2/( ( 9 + 8.5 )/ 2 )
=24.2/8.75
=276.57 %

where Working Capital is:

Working Capital(Q: Apr. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.9 + 0 + 0) - (29.7 + 0 + 0)
=-21.8

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.6 + 0 + 0) - (26.6 + 0 + 0)
=-19

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2023 )
=22.4/338.147
=6.62 %

* 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.


FRP Advisory Group EBIT Related Terms

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FRP Advisory Group (LSE:FRP) Business Description

Traded in Other Exchanges
Address
110 Cannon Street, London, GBR, EC4N 6EU
FRP Advisory Group PLC is a professional services firm offering advisory services to companies, lenders, investors, and other stakeholders, as well as individuals. The company's services include Restructuring advisory; Corporate finance; Debt advisory; Forensic services; and Pension advisory. The group's revenue is derived from the provision of specialist business and advisory services. It advises across multiple sectors and all business sizes, principally servicing smaller and mid-market companies.

FRP Advisory Group (LSE:FRP) Headlines

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