AMTD IDEA Group (AMTD IDEA Group) EBIT : $180.1 Mil (TTM As of Jun. 2023)

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What is AMTD IDEA Group EBIT?

AMTD IDEA Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $116.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $180.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AMTD IDEA Group's annualized ROC % for the quarter that ended in Jun. 2023 was 17.04%. AMTD IDEA Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 63.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AMTD IDEA Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 246.94%.

AMTD IDEA Group EBIT Historical Data

The historical data trend for AMTD IDEA 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.

AMTD IDEA Group EBIT Chart

AMTD IDEA Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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78.90

130.57

131.95

172.35

175.14

AMTD IDEA Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial							91.35	81.00	111.59	63.54	116.56

Competitive Comparison of AMTD IDEA Group's EBIT

For the Asset Management subindustry, AMTD IDEA 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.

AMTD IDEA Group's EV-to-EBIT Distribution in the Asset Management Industry

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

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

AMTD IDEA 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $180.1 Mil.

AMTD IDEA Group (NYSE:AMTD) EBIT Explanation

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

AMTD IDEA Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	210.472 * ( 1 - 6.41% )	/	( (892.477	+	1419.483)	/ 2 )
=	196.9807448	/	1155.98
=	17.04 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	1058.59	-	28.094	-	( 138.019	-	max(0, 54.433	-	759.352	+	138.019	))
=	892.477

	Invested Capital		(Q: Jun. 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	))
=	1686.959	-	106.021	-	( 161.455	-	max(0, 176.723	-	1107.799	+	161.455	))
=	1419.483

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

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

AMTD IDEA Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	233.122	/	( ( (0.012 + max(177.936, 0))	+	(242.721 + max(315.263, 0)) )	/	2 )
=	233.122	/	( ( 177.948	+	557.984 )	/	2 )
=	233.122	/	367.966
=	63.35 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24.019	+	0	+	188.268)	-	(28.094	+	2.186	+	4.071)
=	177.936

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.372	+	0	+	399.565)	-	(106.021	+	0	+	4.653)
=	315.263

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	180.105	/	72.935
	=	246.94 %

AMTD IDEA Group EBIT Related Terms

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AMTD IDEA Group (AMTD IDEA Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

HKB:Singapore

Address

41 Connaught Road Central, 23rd Floor Nexxus Building, Hong Kong, HKG

Website

https://www.amtdinc.com

AMTD IDEA Group is a financial institution operating in four business segment: The capital market solutions segment assists customers in raising funds through equity and debt financing, private placements and debt issuances. The digital solutions and other services segment provides institutional and corporate clients with exclusive, paid access to enhance investor communication, investor relations and corporate communication. The fashion and luxury media advertising and marketing services segment, engages in provision of print and digital advertising campaigns, licensing, and value-added marketing services including branded content, video production, social media activation. The strategic investment segment engages in proprietary investments and management of investment portfolio.