Canaccord Genuity Group (Canaccord Genuity Group) EBIT : $104 Mil (TTM As of Dec. 2023)

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What is Canaccord Genuity Group EBIT?

Canaccord Genuity Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $104 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canaccord Genuity Group's annualized ROC % for the quarter that ended in Dec. 2023 was 9.95%. Canaccord Genuity Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 127.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canaccord Genuity Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.51%.

Canaccord Genuity Group EBIT Historical Data

The historical data trend for Canaccord Genuity 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.

Canaccord Genuity Group EBIT Chart

Canaccord Genuity Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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88.33

95.77

316.86

317.43

14.69

Canaccord Genuity Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-50.43	21.44	22.27	16.43	44.16

Competitive Comparison of Canaccord Genuity Group's EBIT

For the Capital Markets subindustry, Canaccord Genuity 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.

Canaccord Genuity Group's EV-to-EBIT Distribution in the Capital Markets Industry

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

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

Canaccord Genuity 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $104 Mil.

Canaccord Genuity Group (OTCPK:CCORF) EBIT Explanation

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

Canaccord Genuity Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	176.64 * ( 1 - 24.51% )	/	( (1402.823	+	1277.772)	/ 2 )
=	133.345536	/	1340.2975
=	9.95 %

where

	Invested Capital		(Q: Sep. 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	))
=	4035.319	-	2326.909	-	( 801.593	-	max(0, 2873.035	-	3178.622	+	801.593	))
=	1402.823

	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	))
=	3640.988	-	1826.597	-	( 916.146	-	max(0, 2201.471	-	2738.09	+	916.146	))
=	1277.772

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Canaccord Genuity Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	176.64	/	( ( (117.767 + max(-1512.197, 0))	+	(159.305 + max(-1153.848, 0)) )	/	2 )
=	176.64	/	( ( 117.767	+	159.305 )	/	2 )
=	176.64	/	138.536
=	127.50 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(631.423	+	0	+	208.644)	-	(2326.909	+	0	+	25.355)
=	-1512.197

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(495.008	+	0	+	199.865)	-	(1826.597	+	0	+	22.124)
=	-1153.848

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	104.311	/	563.686
	=	18.51 %

Canaccord Genuity Group EBIT Related Terms

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Canaccord Genuity Group (Canaccord Genuity Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Canaccord Genuity Group Inc (OTCPK:CCORF) » Definitions » EBIT

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Traded in Other Exchanges

C6U:Germany CF.PR.C.PFD:Canada CF.PR.A.PFD:Canada CF:Canada

Address

609 Granville Street, Suite 2200, Vancouver, BC, CAN, V7Y 1H2

Website

https://www.canaccordgenuity.com

Canaccord Genuity Group Inc is an independent, full-service financial services firm. The Company's segment reporting is based on the following operating segments: Canaccord Genuity Capital Markets, Canaccord Genuity Wealth Management, and Corporate and Other. The company is been driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. Its international capital markets division operates in North America, UK and Europe, Asia, Australia and the Middle East.