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Hamilton Lane (Hamilton Lane) EBIT : $263.5 Mil (TTM As of Dec. 2023)


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What is Hamilton Lane EBIT?

Hamilton Lane's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $53.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $263.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hamilton Lane's annualized ROC % for the quarter that ended in Dec. 2023 was 14.10%. Hamilton Lane's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 219.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hamilton Lane's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.50%.


Hamilton Lane EBIT Historical Data

The historical data trend for Hamilton Lane'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.

Hamilton Lane EBIT Chart

Hamilton Lane 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 132.60 143.56 195.71 318.31 251.23

Hamilton Lane 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 36.09 70.68 70.64 69.10 53.08

Competitive Comparison of Hamilton Lane's EBIT

For the Asset Management subindustry, Hamilton Lane'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.


Hamilton Lane's EV-to-EBIT Distribution in the Asset Management Industry

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

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



Hamilton Lane 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 $263.5 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.


Hamilton Lane  (NAS:HLNE) EBIT Explanation

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

Hamilton Lane'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 )
=205.576 * ( 1 - 31.39% )/( (1047.725 + 952.251)/ 2 )
=141.0456936/999.988
=14.10 %

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))
=1358.656 - 206.482 - ( 229.81 - max(0, 206.482 - 310.931+229.81))
=1047.725

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))
=1208.824 - 215.14 - ( 164.45 - max(0, 215.14 - 256.573+164.45))
=952.251

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

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

Hamilton Lane'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 )
=212.32/( ( (96.357 + max(-133.183, 0)) + (96.821 + max(-132.986, 0)) )/ 2 )
=212.32/( ( 96.357 + 96.821 )/ 2 )
=212.32/96.589
=219.82 %

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)
=(61.8 + 0 + 11.499) - (206.482 + 0 + 0)
=-133.183

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.751 + 0 + 14.403) - (215.14 + 0 + 0)
=-132.986

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:

Hamilton Lane's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=263.506/4793.088
=5.50 %

* 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.


Hamilton Lane EBIT Related Terms

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Hamilton Lane (Hamilton Lane) Business Description

Traded in Other Exchanges
Address
110 Washington Street, Suite 1300, Conshohocken, PA, USA, 19428
Hamilton Lane Inc is a private market investment solutions provider in the United States. It works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world. The company offers a range of investment solutions across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity and venture capital.
Executives
Drew Thomas Carl officer: Principal Accounting Officer 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053
Atul Varma officer: Chief Financial Officer 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Jeffrey Brian Armbrister officer: Chief Financial Officer 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053
Oakville Number 2 Trust 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Reynoldo Vann Graves director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Juan Delgado-moreira 10 percent owner, officer: Managing Director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Hartley R. Rogers director, 10 percent owner, officer: Chairman 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Leslie F Varon director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Tara Blackburn 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CNYWYD PA 19004
Michael John Kelly 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
Edward B. Whittemore 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
Laurence Whittemore 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
Initial Trust Under The Frederick B. Whittemore 2008 Children's Trust Agreement Dated 11/25/2008 10 percent owner ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004
2008 Sexton Des. Trust Fbo Laura Sexton 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
2008 Sexton Des. Trust Fbo Matthew Sexton 10 percent owner 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428