Silvercrest Asset Management Group (Silvercrest Asset Management Group) EBIT : $19.9 Mil (TTM As of Dec. 2023)

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What is Silvercrest Asset Management Group EBIT?

Silvercrest Asset Management Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $19.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Silvercrest Asset Management Group's annualized ROC % for the quarter that ended in Dec. 2023 was -4.45%. Silvercrest Asset Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.97%.

Silvercrest Asset Management Group EBIT Historical Data

The historical data trend for Silvercrest Asset Management 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.

Silvercrest Asset Management Group EBIT Chart

Silvercrest Asset Management Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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21.07

23.44

32.25

38.82

19.91

Silvercrest Asset Management 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															4.25	6.82	6.57	6.86	-0.33

Competitive Comparison of Silvercrest Asset Management Group's EBIT

For the Asset Management subindustry, Silvercrest Asset Management 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.

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

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

* The bar in red indicates where Silvercrest Asset Management Group's EV-to-EBIT falls into.

Silvercrest Asset Management 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 $19.9 Mil.

Silvercrest Asset Management Group (NAS:SAMG) EBIT Explanation

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

Silvercrest Asset Management 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 )
=	-3.876 * ( 1 - -48.27% )	/	( (130.762	+	127.283)	/ 2 )
=	-5.7469452	/	129.0225
=	-4.45 %

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	))
=	191.291	-	1.662	-	( 58.867	-	max(0, 5.286	-	69.863	+	58.867	))
=	130.762

	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	))
=	199.574	-	1.99	-	( 70.301	-	max(0, 4.709	-	80.385	+	70.301	))
=	127.283

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

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

Silvercrest Asset Management 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 )
=	-1.304	/	( ( (28.224 + max(0.942, 0))	+	(27.364 + max(1.31, 0)) )	/	2 )
=	-1.304	/	( ( 29.166	+	28.674 )	/	2 )
=	-1.304	/	28.92
=	-4.51 %

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)
=	(2.604	+	0	+	0)	-	(1.662	+	0	+	0)
=	0.942

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.3	+	0	+	0)	-	(1.99	+	0	+	0)
=	1.31

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:

Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	19.914	/	99.699
	=	19.97 %

Silvercrest Asset Management Group EBIT Related Terms

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Silvercrest Asset Management Group (Silvercrest Asset Management Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Silvercrest Asset Management Group Inc (NAS:SAMG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1330 Avenue of the Americas, 38th Floor, New York, NY, USA, 10019

Website

https://www.silvercrestgroup.com

Silvercrest Asset Management Group Inc is a wealth management firm focused on providing financial advisory and related family office services to ultra-high net-worth individuals and institutional investors. It advises clients on traditional investment strategies focused on equities, fixed income and cash as well as non-traditional investment strategies including hedge funds, private equity funds, real estate and commodities. It also provides clients with family office services and related administrative services, which include financial planning, tax planning and preparation, partnership accounting and fund administration, and consolidated wealth reporting. The company derives revenues principally from assets under management.

Executives

Darla Romfo	director	C/O SILVERCREST ASSET MANAGEMENT GROUP, 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Brian D Dunn	director	SILVERCREST ASSET MANAGEMENT GROUP LLC, 1330 AVE. OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Richard Jonathan Burns	director	SILVERCREST ASSET MANAGEMENT GROUP INC., 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Conrad Winthrop B Jr	director	1120 FIFTH AVENUE APT 12B, NEW YORK NY 10128
Scott A Gerard	officer: Chief Financial Officer	C/O SILVERCREST ASSET MANAGEMENT GROUP, 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
David J Campbell	officer: General Counsel and Secretary	40 HAMILTON ROAD, GLEN RIDGE NJ 07028
Hough Richard R Iii	director, officer: Chairman and CEO	327 BRANCH AVENUE, LITTLE SILVER NJ 07739
John Allen Gray	officer: Managing Director	SILVERCREST ASSET MANAGEMENT GROUP INC., 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Al Messina	director	C/O SILVERCREST ASSET MANAGEMENT INC., 1330 AVENUE OF THE AMERICAS, 38TH FLOOR, NEW YORK NY 10019
Marital Trust Under Article 7th Of The Will Of G. Moffett Cochran	10 percent owner	SILVERCREST, 1330 AVENUE OF THE AMERICAS, 38TH FL., NEW YORK NY 10019
Cochran H C Stuart	10 percent owner	120 CHURCH STREET, STAUNTON VA 24401
Nonmarital Trust Under Article 8th Of The Will Of G. Moffett Cochran	other: Member of Section 13(d) group	SILVERCREST, 1330 AVE OF THE AMERICAS, 38TH FL., NEW YORK NY 10019
Hamilton E James	10 percent owner	JEFFERSON RIVER CAPITAL, 499 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10022
Leo Price Blackford	10 percent owner	C/O CENTRAL SECURITIES CORPORATION, 630 FIFTH AVENUE, SUITE 820, NEW YORK NY 10111
Richard Scott Pechter	director	1266 BELLAIRE LANE, ATLANTA GA 30319-5251