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WisdomTree (WisdomTree) EBIT : $134.3 Mil (TTM As of Dec. 2023)


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What is WisdomTree EBIT?

WisdomTree's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $28.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $134.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WisdomTree's annualized ROC % for the quarter that ended in Dec. 2023 was 10.61%. WisdomTree's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 383.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WisdomTree's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.26%.


WisdomTree EBIT Historical Data

The historical data trend for WisdomTree'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.

WisdomTree EBIT Chart

WisdomTree Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.36 -25.55 69.00 54.89 134.25

WisdomTree 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.57 21.62 61.83 22.28 28.52

Competitive Comparison of WisdomTree's EBIT

For the Asset Management subindustry, WisdomTree'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.


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

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

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



WisdomTree 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 $134.3 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.


WisdomTree  (NYSE:WT) EBIT Explanation

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

WisdomTree'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 )
=104.14 * ( 1 - 22.97% )/( (797.161 + 714.921)/ 2 )
=80.219042/756.041
=10.61 %

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))
=944.137 - 102.638 - ( 188.027 - max(0, 103.216 - 229.794+188.027))
=714.921

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

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

WisdomTree'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 )
=114.092/( ( (1.323 + max(57.151, 0)) + (0.99 + max(-60.871, 0)) )/ 2 )
=114.092/( ( 58.474 + 0.99 )/ 2 )
=114.092/29.732
=383.73 %

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)
=(35.868 + 0 + 95.755) - (74.472 + 0 + 1.4210854715202E-14)
=57.151

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.473 + 0 + 6.294) - (102.638 + 0 + -1.4210854715202E-14)
=-60.871

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=134.25/1449.567
=9.26 %

* 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.


WisdomTree EBIT Related Terms

Thank you for viewing the detailed overview of WisdomTree's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


WisdomTree (WisdomTree) Business Description

Traded in Other Exchanges
Address
250 West 34th Street, 3rd Floor, New York, NY, USA, 10119
WisdomTree Inc is a financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, and solutions. It offers a broad range of ETFs and exchange-traded products (ETPs). The firm also engages in developing next-generation digital products and structures, including digital funds and tokenized assets, as well as its blockchain-native digital wallet, WisdomTree Prime.
Executives
Rilla S Delorier director 5415 EVERGREEN WAY, EVERETT WA 98203
Peter M Ziemba director 250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE, INC., NEW YORK NY 10119
Shamla Naidoo director 1104 LINNEA LN, SOUTHLAKE TX 76092
Tonia L Pankopf director 8 SOUND SHORE DR STE 215, GREENWICH CT 06830
Daniela Mielke director 8500 GOVERNORS HILL DRIVE, SYMMES TOWNSHIP OH 45249
Lynn S. Blake director 250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE INVESTMENTS, INC., NEW YORK NY 10119
Deborah Fuhr director C/O LGBTQ LOYALTY HOLDINGS, INC.,, 2435 N DIXIE HWY, WILTON MANORS FL 33305
Lion Point Capital, Lp other: See Explanation of Responses 250 WEST 55TH STREET, 33RD FLOOR, NEW YORK NY 10019
Lion Point Holdings Gp, Llc other: See Explanation of Responses 250 WEST 55TH STREET, 33RD FLOOR, NEW YORK NY 10019
Didric Cederholm other: See Explanation of Responses 250 WEST 55TH STREET, 33RD FLOOR, NEW YORK NY 10019
David M Yates officer: Chief Information Officer 250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE, INC., NEW YORK NY 10119
Jonathan L Steinberg director, officer: Chief Executive Officer 250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE, INC., NEW YORK NY 10119
Harold Iii Singleton director C/O WISDOMTREE INVESTMENTS, INC., 230 PARK AVENUE, 3RD FLOOR WEST, NEW YORK NY 10169
Frank Salerno director C/O K-SEA TRANSPORTATION PARTNERS L.P., 3245 RICHMOND TERRACE, STATEN ISLAND NY 10303
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708