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White Mountains Insurance Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $346 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $624 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. White Mountains Insurance Group's annualized ROC % for the quarter that ended in Dec. 2023 was 19.03%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. White Mountains Insurance Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.92%.
The historical data trend for White Mountains Insurance 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.
For the Insurance - Property & Casualty subindustry, White Mountains Insurance 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.
For the Insurance industry and Financial Services sector, White Mountains Insurance Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where White Mountains Insurance Group's EV-to-EBIT falls into.
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 $624 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.
White Mountains Insurance Group (NYSE:WTM) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
White Mountains Insurance Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:
ROC % (Q: Dec. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | EBIT * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2023 ) | + | Invested Capital (Q: Dec. 2023 )) | / count ) |
= | 1382.4 * ( 1 - -10.65% ) | / | ( (7859.68 | + | 8219.24) | / 2 ) |
= | 1529.6256 | / | 8039.46 | |||
= | 19.03 % |
where
Invested Capital | (Q: Sep. 2023 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 8142.8 | - | 146.3 | - | ( 162.8 | - | 5% * 519.6 ) |
= | 7859.68 |
Invested Capital | (Q: Dec. 2023 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 8385.9 | - | 81.1 | - | ( 122.4 | - | 5% * 736.8 ) |
= | 8219.24 |
Note: The EBIT data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
ROC (Joel Greenblatt) % does not apply to banks and insurance companies.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
White Mountains Insurance Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | 623.6 | / | 4827.294 | |
= | 12.92 % |
* 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.
Thank you for viewing the detailed overview of White Mountains Insurance Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Weston M Hicks | director | C/O ALLEGHANY CORPORATION, 1411 BROADWAY, 34TH FLOOR, NEW YORK NY 10018 |
Steven Yi | director | 700 SOUTH FLOWER STREET, SUITE 640, LOS ANGELES CA 90017 |
Michaela Hildreth | officer: Chief Accounting Officer | 23 S MAIN STREET, SUITE 3B, HANOVER NH 03755 |
Peter M Carlson | director | BRIGHTHOUSE FINANCIAL, INC., 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277 |
Morgan W Davis | director | 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Suzanne F. Shank | director | C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309 |
Mary C Choksi | director | |
Philip A Gelston | director | 80 SOUTH MAIN ST, C/O WHITE MOUNTAINS, HANOVER NH 03755 |
David Allen Tanner | director | C/O ARLON GROUP LLC, 277 PARK AVE, NEW YORK NY 10172 |
Margaret Dillon | director | C/O GUIDEWIRE SOFTWARE, INC., 2850 DELAWARE ST. STE 400, SAN MATEO CA 94403 |
Liam P Caffrey | officer: EVP & Chief Financial Officer | 23 S MAIN STREET, STE. 3B, HANOVER NH 03755 |
Robert Lawrence Seelig | officer: EVP & General Counsel | |
George Manning Rountree | director, officer: Chief Executive Officer | C/O 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Reid Tarlton Campbell | officer: EVP & Chief Financial Officer | C/O WHITE MOUNTAINS INSURANCE GROUP, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Lowndes Andrew Smith | director | C/O WHITE MOUNTIAN INSURANCE GROUP, 80 S MIAN ST, HANOVER NH 03755 |
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