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AMP (ASX:AMPPA.PFD) EBIT : A$1,414.00 Mil (TTM As of Jun. 2024)


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What is AMP EBIT?

AMP's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$835.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$1,414.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AMP's annualized ROC % for the quarter that ended in Jun. 2024 was 0.58%. AMP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 513.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

AMP EBIT Historical Data

The historical data trend for AMP'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.

AMP EBIT Chart

AMP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,077.00 475.00 21.00 527.00 1,119.00

AMP Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 277.00 250.00 540.00 579.00 835.00

Competitive Comparison of AMP's EBIT

For the Financial Conglomerates subindustry, AMP'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.

AMP's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, AMP's EV-to-EBIT distribution charts can be found below:

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


AMP 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1,414.00 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.

AMP  (ASX:AMPPA.PFD) EBIT Explanation

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

AMP's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=226 * ( 1 - 24.26% )/( (27501 + 31324)/ 2 )
=171.1724/29412.5
=0.58 %

where

Invested Capital(Q: Dec. 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))
=33876 - 185 - ( 6485 - max(0, 1035 - 7225+6485))
=27501

Invested Capital(Q: Jun. 2024 )
=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))
=32326 - 176 - ( 1310 - max(0, 976 - 1802+1310))
=31324

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

AMP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1670/( ( (329 + max(-398, 0)) + (288 + max(33, 0)) )/ 2 )
=1670/( ( 329 + 321 )/ 2 )
=1670/325
=513.85 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(231 + 0 + 406) - (185 + 23 + 827)
=-398

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(405 + 0 + 87) - (176 + 20 + 263)
=33

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1414/0.000
= %

* 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.

AMP EBIT Related Terms

Thank you for viewing the detailed overview of AMP's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

AMP Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AMP Ltd (ASX:AMPPA.PFD) » Definitions » EBIT
Comparable Companies
ASX:KSL ASX:SEQ ASX:INV BOM:532978 TSE:8591 SZSE:002736 TPE:2885 SZSE:000617 VOYA TSE:8473 BOM:540691 SZSE:000987 SZSE:002797 OSL:STB SHSE:600390 JSE:OMU SZSE:002670 BOM:500302 OHEL:MANTA SHSE:600621
Traded in Other Exchanges
AMLTF:USA AMP:Germany AMP:Australia
Address
50 Bridge Street, Level 29, Sydney, NSW, AUS, 2000
Website
https://www.amp.com.au
AMP, originally established as the Australian Mutual Provident Society, is a financial services provider in Australia and New Zealand, headquartered in Sydney, Australia. The firm delivers a variety of offerings, including wealth platforms, superannuation and investment products, and financial advice, along with banking services like home loans and savings accounts through AMP Bank. Previously, AMP had a global investment management division under its subsidiary, AMP Capital, which managed a range of asset classes; as well as an insurance business, AMP Life. These businesses were subsequently sold to various institutions as part of AMP's simplification program.

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