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P10 Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2020 was $-0.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was $9.06 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. P10 Holdings's annualized ROC % for the quarter that ended in Dec. 2020 was 1.08%. P10 Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -15.78%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. P10 Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 0.61%.
The historical data trend for P10 Holdings'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.
P10 Holdings Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
EBIT | Get a 7-Day Free Trial | -1.45 | -0.44 | 6.93 | 12.81 | 8.69 |
P10 Holdings Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
EBIT | Get a 7-Day Free Trial | 0.62 | 3.67 | 3.45 | 2.20 | -0.25 |
For the Asset Management subindustry, P10 Holdings'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.
For the Asset Management industry and Financial Services sector, P10 Holdings's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where P10 Holdings's EV-to-EBIT falls into.
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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.06 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.
P10 Holdings (OTCPK:PIOE) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
P10 Holdings's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:
ROC % (Q: Dec. 2020 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2020 ) | + | Invested Capital (Q: Dec. 2020 )) | / count ) |
= | -1.012 * ( 1 - 538.35% ) | / | ( (247.999 | + | 571.461) | / 2 ) |
= | 4.436102 | / | 409.73 | |||
= | 1.08 % |
where
Invested Capital | (Q: Sep. 2020 ) | |||||||||||
= | 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 | )) |
= | 260.89 | - | 11.78 | - | ( 16.167 | - | max(0, 19.963 | - | 21.074 | + | 16.167 | )) |
= | 247.999 |
Invested Capital | (Q: Dec. 2020 ) | |||||||||||
= | 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 | )) |
= | 582.426 | - | 15.808 | - | ( 11.773 | - | max(0, 26.155 | - | 21.312 | + | 11.773 | )) |
= | 571.461 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2020) data.
2. Joel Greenblatt's definition of Return on Capital:
P10 Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2020 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2020 | Q: Dec. 2020 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -1.012 | / | ( ( (5.211 + max(-16.794, 0)) | + | (7.615 + max(-19.283, 0)) ) | / | 2 ) |
= | -1.012 | / | ( ( 5.211 | + | 7.615 ) | / | 2 ) |
= | -1.012 | / | 6.413 | ||||
= | -15.78 % |
where Working Capital is:
Working Capital | (Q: Sep. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.471 | + | 0 | + | 2.698) | - | (11.78 | + | 8.183 | + | 0) |
= | -16.794 |
Working Capital | (Q: Dec. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2.494 | + | 0 | + | 4.378) | - | (15.808 | + | 10.347 | + | 0) |
= | -19.283 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
P10 Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2020 ) |
= | 9.058 | / | 1475.356 | |
= | 0.61 % |
* 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.
Thank you for viewing the detailed overview of P10 Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark C Hood | director | C/O CROSSROADS SYSTEMS, INC., 11000 N. MOPAC EXPRESSWAY #150, AUSTIN TX 78759 |
C Clark Webb | director | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
Robert H Alpert | director | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
210 Capital, Llc | 10 percent owner | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
Perlus Microcap Fund L.p. | 10 percent owner | CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111 |
James Powers | officer: Chief Financial Officer | 2128 W. BRAKER LANE, BK12, AUSTIN TX 78758 |
Steven R Fife | officer: CFO and VP of Finance | C/O LECG 2000 POWELL STREET, STE 600, EMERYVILLE CA 94608 |
Martin T. Olsen | officer: VP of Global Sales and Mktg | 2128 W. BRAKER LANE BK12, AUSTIN TX 78758 |
Stephen J Clearman | director, 10 percent owner | ONE EXECUTIVE DRIVE, SUITE 160, FORT LEE NJ 07024 |
John K Penver | officer: Chief Financial Officer | 3709 HUMBLE COVE, AUSTIN TX 78730 |
Kinderhook Partners L P | 10 percent owner | ONE EXECUTIVE DRIVE, SUITE 160, SUITE 160, FORT LEE NJ 07024 |
Kinderhook Gp Llc | 10 percent owner | |
Tushar Shah | 10 percent owner | ONE EXECUTIVE DRIVE, SUITE 160, FORT LEE NJ 07024 |
Kinderhook Capital Management, Llc | 10 percent owner | 2 EXECUTIVE DRIVE, SUITE 585, FORT LEE NJ 07024 |
Brad Boston | director | C/O MERCURY INTERACTIVE CORPORATION, 379 N. WHISMAN ROAD, MOUNTAIN VIEW CA 94043 |
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