US Global Investors (LTS:0LHX) EBIT : $2.33 Mil (TTM As of Mar. 2024)

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What is US Global Investors EBIT?

US Global Investors's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $2.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. US Global Investors's annualized ROC % for the quarter that ended in Mar. 2024 was 12.32%. US Global Investors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. US Global Investors's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 57.23%.

US Global Investors EBIT Historical Data

The historical data trend for US Global Investors'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.

US Global Investors EBIT Chart

US Global Investors Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-2.76

-2.40

8.17

4.97

4.09

US Global Investors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															1.95	0.87	-0.24	1.67	0.04

Competitive Comparison of US Global Investors's EBIT

For the Asset Management subindustry, US Global Investors'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.

US Global Investors's EV-to-EBIT Distribution in the Asset Management Industry

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

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

US Global Investors 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.33 Mil.

US Global Investors (LTS:0LHX) EBIT Explanation

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

US Global Investors's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-1.948 * ( 1 - 187.5% )	/	( (14.424	+	13.237)	/ 2 )
=	1.7045	/	13.8305
=	12.32 %

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	))
=	53.632	-	1.65	-	( 37.558	-	max(0, 2.153	-	40.428	+	37.558	))
=	14.424

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	52.772	-	2.004	-	( 37.531	-	max(0, 2.341	-	40.942	+	37.531	))
=	13.237

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

US Global Investors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.164	/	( ( (1.179 + max(0.515, 0))	+	(1.199 + max(0.352, 0)) )	/	2 )
=	0.164	/	( ( 1.694	+	1.551 )	/	2 )
=	0.164	/	1.6225
=	10.11 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.376	+	0	+	1.262)	-	(1.65	+	0	+	0.473)
=	0.515

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.027	+	0	+	1.635)	-	(2.004	+	0	+	0.306)
=	0.352

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

US Global Investors's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2.332	/	4.075
	=	57.23 %

US Global Investors EBIT Related Terms

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US Global Investors (LTS:0LHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » US Global Investors Inc (LTS:0LHX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GROW:USA UGL:Germany

Address

7900 Callaghan Road, San Antonio, TX, USA, 78229

Website

https://www.usfunds.com

US Global Investors Inc is a registered investment advisory firm. The company furnishes an investment program for each of the clients it manages and determines, subject to overall supervision by the applicable board of trustees of the clients, the clients investments pursuant to an advisory agreement. US Global manages the following business segments: Investment management services; Investment management services; and Corporate Investments. It derives all its revenue from Investment management services.

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