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Hearts And Minds Investments (ASX:HM1) EBIT : A$31.03 Mil (TTM As of Dec. 2023)


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What is Hearts And Minds Investments EBIT?

Hearts And Minds Investments's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$20.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$31.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hearts And Minds Investments's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Hearts And Minds Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 207,251.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hearts And Minds Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 267.42%.

Hearts And Minds Investments EBIT Historical Data

The historical data trend for Hearts And Minds Investments'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.

Hearts And Minds Investments EBIT Chart

Hearts And Minds Investments Annual Data
Trend Oct18 Jun20 Jun21 Jun22 Jun23
EBIT
- -5.18 -19.09 -136.31 45.66

Hearts And Minds Investments Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only -4.44 -131.87 34.84 10.82 20.21

Competitive Comparison of Hearts And Minds Investments's EBIT

For the Asset Management subindustry, Hearts And Minds Investments'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.

Hearts And Minds Investments's EV-to-EBIT Distribution in the Asset Management Industry

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

* The bar in red indicates where Hearts And Minds Investments's EV-to-EBIT falls into.


Hearts And Minds Investments 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 semi-annually data reported by the company within the most recent 12 months, which was A$31.03 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.

Hearts And Minds Investments  (ASX:HM1) EBIT Explanation

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

Hearts And Minds Investments'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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=0 * ( 1 - 28.01% )/( (565.625 + 125.119)/ 2 )
=0/345.372
=0.00 %

where

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))
=681.349 - 0.1 - ( 115.624 - max(0, 0.1 - 116.487+115.624))
=565.625

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))
=679.201 - 0.1 - ( 553.982 - max(0, 0.1 - 554.121+553.982))
=125.119

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

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

Hearts And Minds Investments'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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=40.414/( ( (0 + max(-0.1, 0)) + (0 + max(0.039, 0)) )/ 2 )
=40.414/( ( 0 + 0.039 )/ 2 )
=40.414/0.0195
=207,251.28 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.1 + 0 + 0)
=-0.1

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.139 + 0 + 0) - (0.1 + 0 + 0)
=0.039

When net working capital is negative, 0 is used.

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

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

Hearts And Minds Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=31.031/11.604
=267.42 %

* 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.

Hearts And Minds Investments EBIT Related Terms

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Hearts And Minds Investments (ASX:HM1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hearts And Minds Investments Ltd (ASX:HM1) » Definitions » EBIT
Comparable Companies
ASX:GCI ASX:PAC ASX:RPL ASX:FGX ASX:FGG ASX:AEF ASX:MOT ASX:PIC ASX:PE1 ASX:QRI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
2 Chifley Square, Suite 12.04, Level 12, Chifley Tower, Sydney, NSW, AUS, 2000
Website
https://www.heartsandmindsinvestments.com.au
Hearts And Minds Investments Ltd is a listed investment company. The company strives to deliver attractive equity investment returns for shareholders while providing funding for Australian medical research. It derives revenue from dividend income, interest income, and the sale of its investments. Geographically, it has a presence in the United States; Australia; Hong Kong; Germany; Japan; Canada, and the United Kingdom.

Hearts And Minds Investments (ASX:HM1) Headlines

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