Braveheart Investment Group (LSE:BRH) EBIT

: £-1.19 Mil (TTM As of Sep. 2023)

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Braveheart Investment Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £-0.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £-1.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Braveheart Investment Group's annualized ROC % for the quarter that ended in Sep. 2023 was -5.55%. Braveheart Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Braveheart Investment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -56.82%.

Braveheart Investment Group EBIT Historical Data

The historical data trend for Braveheart 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.

Braveheart Investment Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

-0.51

-0.39

-1.98

-0.70

-0.79

Braveheart Investment Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT																2.81	-3.50	-0.53	-0.26	-0.93

Competitive Comparison

For the Asset Management subindustry, Braveheart 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.

Braveheart Investment Group EV-to-EBIT Distribution

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

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

Braveheart 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.19 Mil.

Braveheart Investment Group (LSE:BRH) EBIT Explanation

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

Braveheart Investment Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.738 * ( 1 - 21.46% )	/	( (10.716	+	10.183)	/ 2 )
=	-0.5796252	/	10.4495
=	-5.55 %

where

	Invested Capital		(Q: Mar. 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	))
=	11.613	-	0.048	-	( 0.935	-	max(0, 0.15	-	0.999	+	0.935	))
=	10.716

	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	))
=	10.671	-	0.1	-	( 0.399	-	max(0, 0.1	-	0.488	+	0.399	))
=	10.183

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Braveheart Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.862	/	( ( (0 + max(-0.12, 0))	+	(0 + max(-0.011, 0)) )	/	2 )
=	-1.862	/	( ( 0	+	0 )	/	2 )
=	-1.862	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.031	+	0	+	-0.001)	-	(0.048	+	0	+	0.102)
=	-0.12

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.089	+	0	+	0)	-	(0.1	+	0	+	0)
=	-0.011

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-1.187	/	2.089
	=	-56.82 %

Braveheart Investment Group EBIT Related Terms

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Braveheart Investment Group (LSE:BRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Braveheart Investment Group PLC (LSE:BRH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 George Square, Glasgow, GBR, G2 1AL

Website

https://www.braveheartgroup.co.uk

Braveheart Investment Group PLC is a private equity and venture capital firm. The company provides a loan, mezzanine funding, debt/equity, and advisory services to Small and medium-sized enterprises. It derives revenue from services such as Investment management; Consultancy; Royalties; Paraytec sales and other income.

Braveheart Investment Group (LSE:BRH) Headlines

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