Investimentos Bemge (BSP:FIGE3) EBIT : R$-1.15 Mil (TTM As of Mar. 2024)

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What is Investimentos Bemge EBIT?

Investimentos Bemge's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was R$-0.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was R$-1.15 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Investimentos Bemge's annualized ROC % for the quarter that ended in Mar. 2024 was -0.45%. Investimentos Bemge's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -222.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Investimentos Bemge's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.04%.

Investimentos Bemge EBIT Historical Data

The historical data trend for Investimentos Bemge'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.

Investimentos Bemge EBIT Chart

Investimentos Bemge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.00

-0.70

-0.19

-1.25

-1.16

Investimentos Bemge Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-0.28	-0.24	-0.24	-0.40	-0.28

Competitive Comparison of Investimentos Bemge's EBIT

For the Asset Management subindustry, Investimentos Bemge'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.

Investimentos Bemge's EV-to-EBIT Distribution in the Asset Management Industry

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

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

Investimentos Bemge 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-1.15 Mil.

Investimentos Bemge (BSP:FIGE3) EBIT Explanation

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

Investimentos Bemge's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-1.104 * ( 1 - 33.48% )	/	( (163.468	+	164.649)	/ 2 )
=	-0.7343808	/	164.0585
=	-0.45 %

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	))
=	163.47	-	1.407	-	( 0.002	-	max(0, 1.407	-	0.002	+	0.002	))
=	163.468

	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	))
=	165.642	-	0.991	-	( 0.002	-	max(0, 0.991	-	1.985	+	0.002	))
=	164.649

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.104	/	( ( (0 + max(-1.407, 0))	+	(0 + max(0.992, 0)) )	/	2 )
=	-1.104	/	( ( 0	+	0.992 )	/	2 )
=	-1.104	/	0.496
=	-222.58 %

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)
=	(0	+	0	+	0)	-	(1.407	+	0	+	0)
=	-1.407

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.983)	-	(0.991	+	0	+	0)
=	0.992

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-1.149	/	28.436
	=	-4.04 %

Investimentos Bemge EBIT Related Terms

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Investimentos Bemge (BSP:FIGE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Investimentos Bemge SA (BSP:FIGE3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pca Alfredo Egydio S Aranha 100-torre C/7 An, Cidade, SP, BRA, 4344902

Website

https://www.itau.com.br

Investimentos Bemge SA provides studies, analyses, and provides consultancy services on the company's operational policies and expansion projects. It also offers fund and investment management services.

Investimentos Bemge (BSP:FIGE3) Headlines

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