Latitude Group Holdings (ASX:LFS) EBIT : A$436 Mil (TTM As of Dec. 2024)

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What is Latitude Group Holdings EBIT?

Latitude Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was A$235 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was A$436 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Latitude Group Holdings's annualized ROC % for the quarter that ended in Dec. 2024 was 5.15%. Latitude Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 31.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Latitude Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 6.14%.

Latitude Group Holdings EBIT Historical Data

The historical data trend for Latitude Group 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.

* Premium members only.

Latitude Group Holdings EBIT Chart

Latitude Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

389.50

298.30

158.30

435.80

Latitude Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial				141.80	28.00	130.30	200.50	235.30

Competitive Comparison of Latitude Group Holdings's EBIT

For the Credit Services subindustry, Latitude Group 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.

Latitude Group Holdings's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Latitude Group Holdings's EV-to-EBIT distribution charts can be found below:

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

Latitude Group Holdings 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$436 Mil.

Latitude Group Holdings (ASX:LFS) EBIT Explanation

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

Latitude Group Holdings's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	638 * ( 1 - 42.25% )	/	( (7038.6	+	7273.4)	/ 2 )
=	368.445	/	7156
=	5.15 %

where

	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	))
=	7420.9	-	162.7	-	( 219.6	-	max(0, 3000.9	-	3390.5	+	219.6	))
=	7038.6

	Invested Capital		(Q: Dec. 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	))
=	7882.8	-	199.2	-	( 410.2	-	max(0, 1101.7	-	3690.7	+	410.2	))
=	7273.4

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

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

Latitude Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	470.6	/	( ( (21.9 + max(2927.3, 0))	+	(18.8 + max(-271.8, 0)) )	/	2 )
=	470.6	/	( ( 2949.2	+	18.8 )	/	2 )
=	470.6	/	1484
=	31.71 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3050.5	+	0	+	120.4)	-	(162.7	+	0	+	80.9)
=	2927.3

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	45.9)	-	(199.2	+	27.7	+	90.8)
=	-271.8

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	435.8	/	7096.430
	=	6.14 %

Latitude Group Holdings EBIT Related Terms

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Latitude Group Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Lonsdale Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.latitudefinancial.com.au

Latitude Group Holdings Ltd is an Australian-based company engaged in providing financial services. It offers loans, credit cards, and insurance services, other services include international businesses, runoff portfolios and unallocated central costs.