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FinVolution Group EBIT

: $406 Mil (TTM As of Dec. 2021)
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FinVolution Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2021 was $82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was $406 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FinVolution Group's annualized ROC % for the quarter that ended in Dec. 2021 was 25.98%. FinVolution Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 53.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FinVolution Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 168.31%.

FinVolution Group EBIT Historical Data

The historical data trend for FinVolution 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.

FinVolution Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Premium Member Only Premium Member Only 231.93 268.26 377.32 352.87 410.37

FinVolution Group Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 91.07 100.71 109.68 113.04 82.19

FinVolution 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 Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $406 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.

FinVolution Group  (NYSE:FINV) EBIT Explanation

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

FinVolution Group's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

ROC % (Q: Dec. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2021 ) + Invested Capital (Q: Dec. 2021 ))/ count )
=328.77145055187 * ( 1 - -15.48% )/( (1414.2336942211 + 1508.6144474275)/ 2 )
=379.66527109729/1461.4240708243
=25.98 %

where

Invested Capital(Q: Sep. 2021 )
=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))
=2519.7614732897 - 317.40857766832 - ( 788.11920140018 - max(0, 492.61124792838 - 2272.1132846987+788.11920140018))
=1414.2336942211

Invested Capital(Q: Dec. 2021 )
=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))
=2847.8091784027 - 456.36176659916 - ( 882.83296437599 - max(0, 628.74161995824 - 2574.9768420392+882.83296437599))
=1508.6144474275

Note: The Operating Income data used here is four times the quarterly (Dec. 2021) data.

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

FinVolution Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=328.77145055187/( ( (22.940228923687 + max(601.45129563372, 0)) + (25.361499693844 + max(589.39789301807, 0)) )/ 2 )
=328.77145055187/( ( 624.39152455741 + 614.75939271191 )/ 2 )
=328.77145055187/619.57545863466
=53.06 %

where Working Capital is:

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(246.16157861314 + 0 + 847.90096494896) - (317.40857766832 + 175.20267026006 + 0)
=601.45129563372

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(296.86872968772 + 0 + 921.27078328859) - (456.36176659916 + 172.37985335908 + 0)
=589.39789301807

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2021 )
=405.62718426482/241.001
=168.31 %

* 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.

FinVolution Group EBIT Related Terms

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FinVolution Group Business Description

FinVolution Group logo
Industry
Financial Services » Credit Services NAICS : 522310 SIC : 6163
Comparable Companies
NYSE:BBDC NYSE:AGM.A NAS:OCSL NYSE:ENVA NAS:MGI NAS:WRLD NYSE:LC NAS:PRAA NYSE:GDOT NAS:LPRO NYSE:V NYSE:MA NYSE:AXP NAS:PYPL NYSE:COF BOM:500034 NYSE:DFS TSE:8591 NYSE:SYF NYSE:ALLY
Traded in Other Exchanges
PP3:Germany
Address
No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203
Website
https://ir.finvgroup.com
FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers.

FinVolution Group Headlines

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By PRNewswire 09-09-2021

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