Janus Capital Group (Janus Capital Group) EBIT : $256 Mil (TTM As of Mar. 2017)

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What is Janus Capital Group EBIT?

Janus Capital Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was $59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $256 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Janus Capital Group's annualized ROC % for the quarter that ended in Mar. 2017 was 6.48%. Janus Capital Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 700.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Janus Capital Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 9.79%.

Janus Capital Group EBIT Historical Data

The historical data trend for Janus Capital 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.

Janus Capital Group EBIT Chart

Janus Capital Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

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221.60

236.60

290.80

281.00

263.00

Janus Capital Group Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
EBIT	Get a 7-Day Free Trial															66.10	69.80	71.80	55.30	58.70

Competitive Comparison of Janus Capital Group's EBIT

For the Asset Management subindustry, Janus Capital 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.

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

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

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

Janus Capital 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $256 Mil.

Janus Capital Group (NYSE:JNS) EBIT Explanation

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

Janus Capital Group's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

	ROC % (Q: Mar. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Mar. 2017 ))	/ count )
=	221.2 * ( 1 - 39.63% )	/	( (2014.8	+	2105.6)	/ 2 )
=	133.53844	/	2060.2
=	6.48 %

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	2949.9	-	203.8	-	( 795.7	-	max(0, 231.7	-	963	+	795.7	))
=	2014.8

	Invested Capital		(Q: Mar. 2017 )
=	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	))
=	2833.8	-	146.3	-	( 655.8	-	max(0, 258.2	-	840.1	+	655.8	))
=	2105.6

Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.

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

Janus Capital Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Mar. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	234.8	/	( ( (34.2 + max(-194, 0))	+	(32.8 + max(-103.3, 0)) )	/	2 )
=	234.8	/	( ( 34.2	+	32.8 )	/	2 )
=	234.8	/	33.5
=	700.90 %

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.3	+	0	+	37.4)	-	(203.8	+	23.1	+	4.8)
=	-194

	Working Capital		(Q: Mar. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.1	+	0	+	41.9)	-	(146.3	+	0	+	-5.6843418860808E-14)
=	-103.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2017 )
	=	255.6	/	2611.270
	=	9.79 %

Janus Capital Group EBIT Related Terms

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Janus Capital Group (Janus Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Janus Capital Group Inc (NYSE:JNS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.janus.com

Janus Capital Group provides investment management services to individual and institutional investors. Assets are managed through three main subsidiaries: Janus, which focuses on growth-driven equity and fixed-income strategies; Intech, which offers mathematically driven equity strategies; and Perkins, which focuses on value-driven equity strategies. At the end of 2016, Janus had $196.8 billion in total AUM invested in equity (74%), fixed-income (24%), exchange-traded (1%) and money market funds.

Executives

Arnold A Pinkston	director	151 DETROIT STREET, DENVER CO 80206
J Richard Fredericks	director	151 DETROIT STREET DENVER CO 80206
Richard M Weil	director, officer: Chief Executive Officer	151 DETROIT STREET, DENVER CO 80206
Glenn S Schafer	director	151 DETROIT STREET, DENVER CO 80206
Bruce L Koepfgen	officer: President	151 DETROIT STREET, DENVER CO 80206
Billie Ida Williamson	director	151 DETROIT STREET, DENVER CO 80206
Timothy K Armour	director	C/O JANUS CAPITAL GROUP INC., 151 DETROIT STREET, DENVER CO 80206
George S Batejan	officer: EVP, Head of IT and Operations	151 DETROIT STREET, DENVER CO 80206
Robin C Beery	officer: EVP, Head of U.S. Distribution	JANUS CAPITAL GROUP INC., 151 DETROIT STREET, DENVER CO 80206
Jock Patton	director	7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Robert T Parry	director	4500 PARK GRANADA, CALABASAS CA 91302
Steven Scheid	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
Landon H Rowland	director	151 DETROIT ST DENVER CO 80206
Gary D Black	director, officer: CEO	2020 CALAMOS COURT, NAPERVILLE IL 60563
Scott S Grace	officer: SVP and Treasurer	C/O NUVEEN INVESTMENTS, SUITE 2900, 333 W. WACKER DRIVE, CHICAGO IL 60606