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NEX Group (NEX Group) EBIT : $201.4 Mil (TTM As of Mar. 2018)


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What is NEX Group EBIT?

NEX Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2018 was $120.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2018 was $201.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NEX Group's annualized ROC % for the quarter that ended in Mar. 2018 was 12.68%. NEX Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 202.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NEX Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 3.93%.

NEX Group EBIT Historical Data

The historical data trend for NEX 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.

NEX Group EBIT Chart

NEX Group Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 264.12 121.08 78.35 183.95 205.31

NEX Group Semi-Annual Data
Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18
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 5.70 107.75 82.72 81.33 120.11

Competitive Comparison of NEX Group's EBIT

For the Capital Markets subindustry, NEX 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.

NEX Group's EV-to-EBIT Distribution in the Capital Markets Industry

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

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


NEX 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 Mar. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was $201.4 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.

NEX Group  (GREY:NEXGY) EBIT Explanation

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

NEX Group's annualized ROC % for the quarter that ended in Mar. 2018 is calculated as:

ROC % (Q: Mar. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2017 ) + Invested Capital (Q: Mar. 2018 ))/ count )
=279.33 * ( 1 - -2.6% )/( (1925.334 + 2594.973)/ 2 )
=286.59258/2260.1535
=12.68 %

where

Invested Capital(Q: Sep. 2017 )
=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))
=2256 - 196 - ( 290.667 - max(0, 454.667 - 589.333+290.667))
=1925.334

Invested Capital(Q: Mar. 2018 )
=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))
=2402.235 - 89.385 - ( 377.095 - max(0, 958.101 - 675.978+377.095))
=2594.973

Note: The Operating Income data used here is two times the semi-annual (Mar. 2018) data.

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

NEX Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2017  Q: Mar. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=240.224/( ( (52 + max(98.666, 0)) + (50.279 + max(36.313, 0)) )/ 2 )
=240.224/( ( 150.666 + 86.592 )/ 2 )
=240.224/118.629
=202.50 %

where Working Capital is:

Working Capital(Q: Sep. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(232 + 0 + 66.666) - (196 + 0 + 3.9999999999999)
=98.666

Working Capital(Q: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(111.732 + 0 + 187.151) - (89.385 + 0 + 173.185)
=36.313

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2018 )
=201.445/5122.928
=3.93 %

* 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.

NEX Group EBIT Related Terms

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NEX Group (NEX Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NEX Group PLC (GREY:NEXGY) » Definitions » EBIT
Comparable Companies
SHSE:600705 TSE:2127 HKSE:06066 SHSE:601377 SZSE:002939 SZSE:002945 SZSE:000783 SHSE:601788 SZSE:002673 SF SHSE:601162 SHSE:601198 SHSE:600061 XKRX:006800 SHSE:601878 LAZ SZSE:000728 LSE:INVP LPLA HKSE:03908
Traded in Other Exchanges
N/A
Address
Website
http://www.nex.com
NEX Group PLC provides electronic execution, risk mitigation, messaging, broking and information services for wholesale market participants. The Company's reportable segments include NEX Markets and NEX Optimisation. The company acts as an intermediary for FX and fixed income products through the Group's electronic platforms. It is also involved in a non-advisory capacity as principals in the matched purchase and sale of financial instruments between clients and provides technology development services.

NEX Group (NEX Group) Headlines

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