Wilmington Capital Management (TSX:WCM.B) EBIT : C$1.35 Mil (TTM As of Jun. 2023)

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What is Wilmington Capital Management EBIT?

Wilmington Capital Management's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was C$0.84 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was C$1.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wilmington Capital Management's annualized ROC % for the quarter that ended in Jun. 2023 was 5.63%. Wilmington Capital Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 4,098.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wilmington Capital Management's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 12.10%.

Wilmington Capital Management EBIT Historical Data

The historical data trend for Wilmington Capital Management'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.

Wilmington Capital Management EBIT Chart

Wilmington Capital Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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39.85

0.54

-0.35

3.27

3.04

Wilmington Capital Management Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															0.41	0.50	-0.40	0.84	-

Competitive Comparison of Wilmington Capital Management's EBIT

For the Asset Management subindustry, Wilmington Capital Management'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.

Wilmington Capital Management's EV-to-EBIT Distribution in the Asset Management Industry

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

* The bar in red indicates where Wilmington Capital Management's EV-to-EBIT falls into.

Wilmington Capital Management 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.35 Mil.

Wilmington Capital Management (TSX:WCM.B) EBIT Explanation

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

Wilmington Capital Management's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	3.364 * ( 1 - 14.77% )	/	( (48.557	+	53.306)	/ 2 )
=	2.8671372	/	50.9315
=	5.63 %

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	))
=	69.882	-	0.959	-	( 20.366	-	max(0, 0.978	-	33.293	+	20.366	))
=	48.557

	Invested Capital		(Q: Jun. 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	))
=	70.505	-	0.799	-	( 16.4	-	max(0, 0.837	-	26.13	+	16.4	))
=	53.306

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

Wilmington Capital Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.34	/	( ( (0.085 + max(-0.671, 0))	+	(0.078 + max(-0.41, 0)) )	/	2 )
=	3.34	/	( ( 0.085	+	0.078 )	/	2 )
=	3.34	/	0.0815
=	4,098.16 %

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)
=	(0.213	+	0	+	0.074999999999996)	-	(0.959	+	0	+	0)
=	-0.671

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.292	+	0	+	0.097000000000001)	-	(0.799	+	0	+	-1.1102230246252E-16)
=	-0.41

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Wilmington Capital Management's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	1.348	/	11.144
	=	12.10 %

Wilmington Capital Management EBIT Related Terms

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Wilmington Capital Management (TSX:WCM.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Wilmington Capital Management Inc (TSX:WCM.B) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

WCM.A:Canada

Address

3282 Ogdens Beach Road, Midland, ON, CAN, L4R 4K3

Website

https://www.wilmingtoncapital.ca

Wilmington Capital Management Inc is a Canada based investment and asset management company. Its principal objective is to seek out investment opportunities in the alternative asset classes and in the energy sector through private equity funds, which provide shareholders with capital appreciation over the longer term as opposed to current income returns. The corporation invests its own capital alongside partners and co-investors, in hard assets and private equity funds and manages these assets through operating entities.

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