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FedNat Holding Co EBIT

: $-26.6 Mil (TTM As of Jun. 2020)
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FedNat Holding Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2020 was $-30.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $-26.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FedNat Holding Co's annualized ROC % for the quarter that ended in Jun. 2020 was -8.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FedNat Holding Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -457.68%.


FedNat Holding Co EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

FedNat Holding Co Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.20 2.15 9.28 24.39 11.49

FedNat Holding Co Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 11.62 7.27 -7.22 4.17 -30.83

FedNat Holding Co 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 Jun. 2020 was 7.271 (Sep. 2019 ) + -7.215 (Dec. 2019 ) + 4.169 (Mar. 2020 ) + -30.83 (Jun. 2020 ) = $-26.6 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


FedNat Holding Co  (NAS:FNHC) EBIT Explanation

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

FedNat Holding Co's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

ROC % (Q: Jun. 2020 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2020 ) + Invested Capital (Q: Jun. 2020 ))/ count )
=-123.32 * ( 1 - 34.41% )/( (996.64195 + 989.70095)/ 2 )
=-80.885588/993.17145
=-8.14 %

where

Invested Capital(Q: Mar. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash and cash equivalents - 5% * Revenue )
=1177.098 - 63.051 - ( 123.19 - 5% * 115.699 )
=996.64195

Invested Capital(Q: Jun. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash and cash equivalents - 5% * Revenue )
=1214.786 - 67.876 - ( 163.91 - 5% * 134.019 )
=989.70095

Note: The EBIT data used here is four times the quarterly (Jun. 2020) 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:

FedNat Holding Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2020 )
=-26.605/5.813
=-457.68 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


FedNat Holding Co EBIT Related Terms


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