CoinShares International (OSTO:CS) EBIT : kr-23,300.7 Mil (TTM As of Mar. 2024)

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What is CoinShares International EBIT?

CoinShares International's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was kr-17,427.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was kr-23,300.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CoinShares International's annualized ROC % for the quarter that ended in Mar. 2024 was -157.72%. CoinShares International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -2,737.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CoinShares International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -492.68%.

CoinShares International EBIT Historical Data

The historical data trend for CoinShares International'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.

CoinShares International EBIT Chart

CoinShares International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-759.67

-15,611.81

-29,060.37

6,660.57

-5,786.47

CoinShares International Quarterly Data
	Dec18	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															97.91	159.18	118.76	-6,150.87	-17,427.80

Competitive Comparison of CoinShares International's EBIT

For the Capital Markets subindustry, CoinShares International'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.

CoinShares International's EV-to-EBIT Distribution in the Capital Markets Industry

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

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

CoinShares International 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 kr-23,300.7 Mil.

CoinShares International (OSTO:CS) EBIT Explanation

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

CoinShares International'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 )
=	-70898.652 * ( 1 - -0.01% )	/	( (35120.906	+	54793.931)	/ 2 )
=	-70905.7418652	/	44957.4185
=	-157.72 %

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	))
=	35475.884	-	23.774	-	( 331.204	-	max(0, 32037.718	-	34664.105	+	331.204	))
=	35120.906

	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	))
=	56075.103	-	751.4	-	( 529.772	-	max(0, 52140.478	-	55166.674	+	529.772	))
=	54793.931

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

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

CoinShares International'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 )
=	-69711.208	/	( ( (39.81 + max(2302.765, 0))	+	(38.126 + max(2712.759, 0)) )	/	2 )
=	-69711.208	/	( ( 2342.575	+	2750.885 )	/	2 )
=	-69711.208	/	2546.73
=	-2,737.28 %

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)
=	(17.191	+	0	+	34315.268)	-	(23.774	+	0	+	32005.92)
=	2302.765

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.532	+	0	+	54601.686)	-	(751.4	+	0	+	51163.059)
=	2712.759

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:

CoinShares International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-23300.726	/	4729.345
	=	-492.68 %

CoinShares International EBIT Related Terms

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CoinShares International (OSTO:CS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CoinShares International Ltd (OSTO:CS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CNSRF:USA 3TW:Germany

Address

2 Hill Street, 2nd Floor, Saint Helier, JEY, JE2 4UA

Website

https://www.coinshares.com

CoinShares International Ltd is the European digital asset manager that delivers a broad range of financial services across investment management, trading, securities, and consumer products to a wide array of clients that includes corporations, financial institutions, and individuals. The Group comprises four core operating segments; Asset Management, Capital Markets, Principal Investments, and Consumer Solutions. The company derives a majority of its revenue from the Asset management segment.