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Hancock & Gore (ASX:HNG) EBIT : A$4.34 Mil (TTM As of Sep. 2024)


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What is Hancock & Gore EBIT?

Hancock & Gore's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was A$-0.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was A$4.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hancock & Gore's annualized ROC % for the quarter that ended in Sep. 2024 was 4.63%. Hancock & Gore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -953.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hancock & Gore's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.42%.

Hancock & Gore EBIT Historical Data

The historical data trend for Hancock & Gore'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.

Hancock & Gore EBIT Chart

Hancock & Gore Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.82 15.27 5.71 8.18 4.34

Hancock & Gore Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 3.12 2.21 5.97 4.65 -0.31

Competitive Comparison of Hancock & Gore's EBIT

For the Asset Management subindustry, Hancock & Gore'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.

Hancock & Gore's EV-to-EBIT Distribution in the Asset Management Industry

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

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


Hancock & Gore 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$4.34 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.

Hancock & Gore  (ASX:HNG) EBIT Explanation

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

Hancock & Gore's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-5.274 * ( 1 - 174.79% )/( (85.652 + 84.772)/ 2 )
=3.9444246/85.212
=4.63 %

where

Invested Capital(Q: Mar. 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))
=106.106 - 0.335 - ( 28.803 - max(0, 9.07 - 29.189+28.803))
=85.652

Invested Capital(Q: Sep. 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))
=118.766 - 0.173 - ( 37.695 - max(0, 9.521 - 43.342+37.695))
=84.772

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

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

Hancock & Gore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.61/( ( (0.098 + max(-8.598, 0)) + (0.03 + max(-9.111, 0)) )/ 2 )
=-0.61/( ( 0.098 + 0.03 )/ 2 )
=-0.61/0.064
=-953.13 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.337 + 0 + 0.048999999999999) - (0.335 + 0 + 8.649)
=-8.598

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.264 + 0 + 0.125) - (0.173 + 0 + 9.327)
=-9.111

When net working capital is negative, 0 is used.

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

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

Hancock & Gore's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=4.342/80.169
=5.42 %

* 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.

Hancock & Gore EBIT Related Terms

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Hancock & Gore Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hancock & Gore Ltd (ASX:HNG) » Definitions » EBIT
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Traded in Other Exchanges
N/A
Address
68 Pitt Street, Suite 11.02, Level 11, Sydney, NSW, AUS, 2000
Website
https://www.hancockandgore.com.au
Hancock & Gore Ltd is engaged in management of diversified investments with the objective to deliver consistent dividends and long term capital growth. The company invests in listed equities, unlisted equities including mature private businesses and earlier emerging companies, fixed income producing investments, fund management activities and direct and indirect investment in property assets.

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