Diamond Hill Investment Group (Diamond Hill Investment Group) EBIT : $35.5 Mil (TTM As of Dec. 2023)

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What is Diamond Hill Investment Group EBIT?

Diamond Hill Investment Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $4.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $35.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Diamond Hill Investment Group's annualized ROC % for the quarter that ended in Dec. 2023 was 6.88%. Diamond Hill Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 628.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Diamond Hill Investment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.38%.

Diamond Hill Investment Group EBIT Historical Data

The historical data trend for Diamond Hill Investment 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.

Diamond Hill Investment Group EBIT Chart

Diamond Hill Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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47.94

45.54

76.26

64.33

35.50

Diamond Hill Investment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															8.97	10.94	7.79	12.36	4.42

Competitive Comparison of Diamond Hill Investment Group's EBIT

For the Asset Management subindustry, Diamond Hill Investment 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.

Diamond Hill Investment Group's EV-to-EBIT Distribution in the Asset Management Industry

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

* The bar in red indicates where Diamond Hill Investment Group's EV-to-EBIT falls into.

Diamond Hill Investment 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $35.5 Mil.

Diamond Hill Investment Group (NAS:DHIL) EBIT Explanation

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

Diamond Hill Investment Group'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	17.66 * ( 1 - 23.37% )	/	( (201.953	+	191.421)	/ 2 )
=	13.532858	/	196.687
=	6.88 %

where

	Invested Capital		(Q: Sep. 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	))
=	254.31	-	12.239	-	( 45.741	-	max(0, 33.046	-	73.164	+	45.741	))
=	201.953

	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	))
=	232.094	-	6.19	-	( 46.992	-	max(0, 35.69	-	70.173	+	46.992	))
=	191.421

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Diamond Hill Investment Group'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	17.66	/	( ( (3.032 + max(-6.592, 0))	+	(2.592 + max(-14.13, 0)) )	/	2 )
=	17.66	/	( ( 3.032	+	2.592 )	/	2 )
=	17.66	/	2.812
=	628.02 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(22.597	+	0	+	3.857)	-	(12.239	+	0	+	20.807)
=	-6.592

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.051	+	0	+	3.509)	-	(6.19	+	0	+	29.5)
=	-14.13

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Diamond Hill Investment Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	35.504	/	378.704
	=	9.38 %

Diamond Hill Investment Group EBIT Related Terms

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Diamond Hill Investment Group (Diamond Hill Investment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Diamond Hill Investment Group Inc (NAS:DHIL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BVE:Germany

Address

325 John H. McConnell Boulevard, Suite 200, Columbus, OH, USA, 43215

Website

https://www.diamond-hill.com

Diamond Hill Investment Group Inc sponsors, markets, and provides investment advisory and related services to various U.S. and foreign clients including mutual funds, separate accounts, and private investment funds. The company's objective is to fulfill a fiduciary duty to clients and secondary objectives to achieve an adequate long-term return for shareholders. The company generates its revenue from Investment advisory and Mutual fund administration fees.

Executives

Laird James F Jr	officer: Chief Financial Officer	375 N FRONT STREET, SUITE 300, COLUMBUS OH 43215
Heather E Brilliant	director, officer: Chief Executive Officer	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Paula R Meyer	director	ADVISORY HEDGED OPPORTUNITY FUND, 50590 AXP FINANCIAL CENTER, MINNEAPOLIS MN 55474
Jo Ann Quinif	officer: President of DHCM	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Mark Zinkula	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Thomas Edward Line	officer: Chief Financial Officer	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
L'quentus Thomas	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Richard Scott Cooley	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Randolph J. Fortener	director	325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215
St. Pierre Nicole Renee	director	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Dillon Roderick H Jr	director, officer: Chief Executive Officer	180 BEACH DRIVE NE 2001, SAINT PETERSBURG FL 33701
Lisa M Wesolek	officer: COO of DHCM	325 JOHN H. MCCONNELL BLVD., STE 200, COLUMBUS OH 43215
Bradley C Shoup	director	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Frances A Skinner	director	138 PUTNAM STREET, MARIETTA OH 45750
Christopher M Bingaman	officer: President of DHCM	325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215