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Houlihan Lokey (Houlihan Lokey) EBIT : $351 Mil (TTM As of Dec. 2023)


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What is Houlihan Lokey EBIT?

Houlihan Lokey's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $351 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Houlihan Lokey's annualized ROC % for the quarter that ended in Dec. 2023 was 13.03%. Houlihan Lokey's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 79.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Houlihan Lokey's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.07%.


Houlihan Lokey EBIT Historical Data

The historical data trend for Houlihan Lokey'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.

Houlihan Lokey EBIT Chart

Houlihan Lokey Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 219.10 229.60 408.16 612.86 341.74

Houlihan Lokey 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.17 90.62 73.35 90.28 96.54

Competitive Comparison of Houlihan Lokey's EBIT

For the Capital Markets subindustry, Houlihan Lokey'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.


Houlihan Lokey's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Houlihan Lokey's EV-to-EBIT distribution charts can be found below:

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



Houlihan Lokey 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 $351 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.


Houlihan Lokey  (NYSE:HLI) EBIT Explanation

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

Houlihan Lokey'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 )
=386.16 * ( 1 - 30.97% )/( (2012.115 + 2078.854)/ 2 )
=266.566248/2045.4845
=13.03 %

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))
=2781.553 - 647.798 - ( 497.856 - max(0, 685.168 - 806.808+497.856))
=2012.115

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))
=2958.908 - 675.407 - ( 560.864 - max(0, 716.421 - 921.068+560.864))
=2078.854

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

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

Houlihan Lokey'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 )
=386.16/( ( (483.113 + max(-532.552, 0)) + (487.291 + max(-563.293, 0)) )/ 2 )
=386.16/( ( 483.113 + 487.291 )/ 2 )
=386.16/485.202
=79.59 %

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)
=(152.243 + 0 + 0.37300000000005) - (647.798 + 37.37 + 0)
=-532.552

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(152.755 + 0 + 0.37299999999993) - (675.407 + 41.014 + 0)
=-563.293

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:

Houlihan Lokey's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=350.788/8613.603
=4.07 %

* 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.


Houlihan Lokey EBIT Related Terms

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Houlihan Lokey (Houlihan Lokey) Business Description

Traded in Other Exchanges
Address
10250 Constellation Boulevard, 5th Floor, Los Angeles, CA, USA, 90067
Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.
Executives
Irwin Gold director, 10 percent owner, officer: EXECUTIVE CHAIRMAN
Christopher M Crain officer: GENERAL COUNSEL C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067
J Lindsey Alley officer: CHIEF FINANCIAL OFFICER C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067
Scott L Beiser director, officer: CHIEF EXECUTIVE OFFICER C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067
Robert A Schriesheim director 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
Todd J Carter director 700 CANAL STREET, THIRD FLOOR, STAMFORD CT 06902
Paul Andrew Zuber director C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067
Scott Joseph Adelson director, officer: CO-PRESIDENT 1930 CENTURY PARK WEST, LOS ANGELES CA 90067
Ekpedeme M Bassey director C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067
Cyrus D. Walker director C/O MARIPOSA CAPITAL, LLC, 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139
David A Preiser director, officer: CO-PRESIDENT
Gillian Beth Zucker director C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BOULEVARD, 5TH FLOOR, LOS ANGELES AR 90067
Orix Hlhz Holding Llc 10 percent owner 1717 MAIN STREET, SUITE 900, DALLAS TX 75201
Orix Corp 10 percent owner WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135
Jacqueline B Kosecoff director 5960 HEISLEY ROAD, MENTOR OH 44060