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Greenlight Capital Re's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $29.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $117.8 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greenlight Capital Re's annualized ROC % for the quarter that ended in Mar. 2024 was 6.90%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greenlight Capital Re's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.06%.
The historical data trend for Greenlight Capital Re'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.
Greenlight Capital Re Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 2.76 | 10.57 | 39.24 | 35.44 | 94.96 |
Greenlight Capital Re 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 | 6.85 | 50.87 | 15.24 | 22.00 | 29.66 |
For the Insurance - Reinsurance subindustry, Greenlight Capital Re'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.
For the Insurance industry and Financial Services sector, Greenlight Capital Re's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Greenlight Capital Re's EV-to-EBIT falls into.
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 $117.8 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.
Greenlight Capital Re (NAS:GLRE) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Greenlight Capital Re's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | EBIT * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | 118.652 * ( 1 - 1.88% ) | / | ( (1622.971 | + | 1752.38425) | / 2 ) |
= | 116.4213424 | / | 1687.677625 | |||
= | 6.90 % |
where
Invested Capital | (Q: Dec. 2023 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 1735.307 | - | 68.983 | - | ( 51.082 | - | 5% * 154.58 ) |
= | 1622.971 |
Invested Capital | (Q: Mar. 2024 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 1876.969 | - | 71.64 | - | ( 61.598 | - | 5% * 173.065 ) |
= | 1752.38425 |
Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
ROC (Joel Greenblatt) % does not apply to banks and insurance companies.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Greenlight Capital Re's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 117.775 | / | 470.043 | |
= | 25.06 % |
* 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.
Thank you for viewing the detailed overview of Greenlight Capital Re's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
David Einhorn | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Ian Isaacs | director | 65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110,, GRAND CAYMAN, E9 E9 KY1-1205 |
David Sigmon | officer: General Counsel | 65 MARKET ST., SUITE 1207, JASMINE CT, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205 |
Brian Joseph Oreilly | officer: Head of Innovations | 65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, P.O. BOX 3111, GRAND CAYMAN E9 KY1-1205 |
Richard Paul Strommer | officer: Chief Actuary | GREENLIGHT REINSURANCE, LTD., 65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, GRAND CAYMAN E9 KY1-1205 |
Johnny Ferrari | director | PO BOX 493, GEORGE TOWN E9 KY1 1106 |
Victoria W Guest | director | RAM RE HOUSE, 46 REID STREET, HAMILTON D0 HM 12 |
Ursuline F Foley | director | 239 WASHINGTON STREET, JERSEY CITY NJ 07302 |
Daniel Roitman | other: Alternate Director | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Faramarz Romer | officer: Reporting & Compliance Officer | 65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN, E9 E9 KY1-1205 |
Neil W Greenspan | officer: Chief Accounting Officer | C/O MONTPELIER RE HOLDINGS LTD., MINTFLOWER PLACE 8 PAR-LA-VILLE ROAD, HAMILTON D0 HM 08 |
Thomas James Curnock | officer: Chief Risk Officer | 65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 |
Leonard R Goldberg | director, officer: Chief Executive Officer | 802 WEST BAY ROAD, THE GRAND PAVILION, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205 |
Barry Brendan | officer: Chief Underwriting Officer | 65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 |
Laura Accurso | officer: GENERAL COUNSEL | 65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 |
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