Insignia Financial (ASX:IFL) EBIT

: A$28 Mil (TTM As of Dec. 2023)

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Insignia Financial's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Insignia Financial's annualized ROC % for the quarter that ended in Dec. 2023 was 1.52%. Insignia Financial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -32.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Insignia Financial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.51%.

Insignia Financial EBIT Historical Data

The historical data trend for Insignia Financial'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.

Insignia Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

-34.61

91.06

-70.50

45.70

85.60

Insignia Financial Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT																80.50	-34.80	21.10	64.50	-36.40

Competitive Comparison

For the Asset Management subindustry, Insignia Financial'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.

Insignia Financial EV-to-EBIT Distribution

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

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

Insignia Financial 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$28 Mil.

Insignia Financial (ASX:IFL) EBIT Explanation

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

Insignia Financial'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 )
=	71.4 * ( 1 - 22.52% )	/	( (4396.3	+	2860.4)	/ 2 )
=	55.32072	/	3628.35
=	1.52 %

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	))
=	5004.8	-	195.2	-	( 592.9	-	max(0, 1663.6	-	2076.9	+	592.9	))
=	4396.3

	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	))
=	3785.8	-	179.8	-	( 745.6	-	max(0, 194.5	-	1117.4	+	745.6	))
=	2860.4

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:

Insignia Financial'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 )
=	-72.8	/	( ( (146 + max(-414.3, 0))	+	(124.3 + max(177.3, 0)) )	/	2 )
=	-72.8	/	( ( 146	+	301.6 )	/	2 )
=	-72.8	/	223.8
=	-32.53 %

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	+	1218.4)	-	(195.2	+	0	+	1437.5)
=	-414.3

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(273.9	+	0	+	97.9)	-	(179.8	+	0	+	14.7)
=	177.3

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	28.1	/	1860.115
	=	1.51 %

Insignia Financial EBIT Related Terms

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Insignia Financial (ASX:IFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Insignia Financial Ltd (ASX:IFL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IOOFF:USA

Address

800 Bourke Street, Level 1, Docklands, VIC, AUS, 3008

Website

https://www.ioof.com.au

Insignia Financial (formerly IOOF) provides wealth-management advice and products via a multibranded strategy, and a vertically integrated business model. Insignia's advice business provides financial planning services to both the mass affluent and high-net-worth clients. It also owns finance dealer groups that provide compliance and other administrative services to financial planners operating under the dealer group's licence. Furthermore, Insignia offers platform products, which generates fees mainly from superannuation and non-superannuation investments accessed via its own platforms. It also derives revenue via some third-party platforms sourced from its aligned advisors. Lastly, the firm has an investment management segment.

Insignia Financial (ASX:IFL) Headlines

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