BCHG (Grayscale Bitcoin Cash TR BCH) EBIT: $59.63 Mil (TTM As of Mar. 2021)

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What is Grayscale Bitcoin Cash TR BCH EBIT?

Grayscale Bitcoin Cash TR BCH BCHG +0.52% EBIT is $59.63 Mil as of Mar. 2021.

Grayscale Bitcoin Cash TR BCH's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2021 was $43.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2021 was $59.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grayscale Bitcoin Cash TR BCH's annualized ROC % for the quarter that ended in Mar. 2021 was 146.58%. Grayscale Bitcoin Cash TR BCH's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grayscale Bitcoin Cash TR BCH's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 30.17%.

Grayscale Bitcoin Cash TR BCH  (OTCPK:BCHG) EBIT Explanation

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

Grayscale Bitcoin Cash TR BCH's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

ROC % (Q: Mar. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2020 ) + Invested Capital (Q: Mar. 2021 ))/ count )
=173.404 * ( 1 - 0% )/( (81.859 + 154.736)/ 2 )
=173.404/118.2975
=146.58 %

where

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))
=81.859 - 0 - ( 0 - max(0, 0 - 0+0))
=81.859

Invested Capital(Q: Mar. 2021 )
=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))
=154.736 - 0 - ( 0 - max(0, 0 - 0+0))
=154.736

Note: The Operating Income data used here is four times the quarterly (Mar. 2021) data.

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

Grayscale Bitcoin Cash TR BCH's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Mar. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=173.404/( ( (0 + max(0, 0)) + (0 + max(0, 0)) )/ 2 )
=173.404/( ( 0 + 0 )/ 2 )
=173.404/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

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

Grayscale Bitcoin Cash TR BCH's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2021 )
=59.629/197.644
=30.17 %

* 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.

Grayscale Bitcoin Cash TR BCH EBIT Related Terms

Grayscale Bitcoin Cash TR BCH EBIT Historical Data

* Premium members only.

The historical data trend for Grayscale Bitcoin Cash TR BCH'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.

Grayscale Bitcoin Cash TR BCH EBIT Chart

Grayscale Bitcoin Cash TR BCH Annual Data
Trend Jun18 Jun19 Jun20
EBIT
0.00 -4.95 -3.57

Grayscale Bitcoin Cash TR BCH Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
EBIT Get a 7-Day Free Trial 0.24 -0.38 -7.02 23.67 43.35

BCHG vs : EBIT Comparison

For the Asset Management subindustry, Grayscale Bitcoin Cash TR BCH'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.

Grayscale Bitcoin Cash TR BCH EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Grayscale Bitcoin Cash TR BCH's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grayscale Bitcoin Cash TR BCH's EV-to-EBIT falls into.


Grayscale Bitcoin Cash TR BCH 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 Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $59.63 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $59.63 Mil mean?
Grayscale Bitcoin Cash TR BCH (BCHG) has a EBIT of $59.63 Mil as of Mar. 2021. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grayscale Bitcoin Cash TR BCH.
Is Grayscale Bitcoin Cash TR BCH's EBIT too high?
Grayscale Bitcoin Cash TR BCH's current EBIT is $59.63 Mil.
How does Grayscale Bitcoin Cash TR BCH's EBIT compare to ?
Grayscale Bitcoin Cash TR BCH's EBIT of $59.63 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grayscale Bitcoin Cash TR BCH. Grayscale Bitcoin Cash TR BCH's current EBIT is $59.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grayscale Bitcoin Cash TR BCH stock overvalued right now?
Grayscale Bitcoin Cash TR BCH (BCHG) has a current EBIT of $59.63 Mil. The current EBIT is $59.63 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Grayscale Bitcoin Cash TR BCH (BCHG), the current EBIT is $59.63 Mil as of Mar. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Grayscale Bitcoin Cash TR BCH Business Description

Comparable Companies
Address 250 Park Avenue South, New York, NY, USA, 10003
Grayscale Bitcoin Cash TR BCH provides platform for digital currency investing. It provides investment products like single-asset, diversified, large cap funds, and others. The company operates as a digital currency asset manager.