BRL Trust DTVM (BSP:RECT11) EBIT : R$65.8 Mil (TTM As of Dec. 2023)

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What is BRL Trust DTVM EBIT?

BRL Trust DTVM's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was R$32.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R$65.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BRL Trust DTVM's annualized ROC % for the quarter that ended in Dec. 2023 was 71.70%. BRL Trust DTVM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7,406.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BRL Trust DTVM's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -64.08%.

BRL Trust DTVM EBIT Historical Data

The historical data trend for BRL Trust DTVM'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.

BRL Trust DTVM EBIT Chart

BRL Trust DTVM Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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11.68

31.85

57.39

77.56

65.84

BRL Trust DTVM Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							34.48	38.23	39.33	33.60	32.24

Competitive Comparison of BRL Trust DTVM's EBIT

For the Asset Management subindustry, BRL Trust DTVM'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.

BRL Trust DTVM's EV-to-EBIT Distribution in the Asset Management Industry

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

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

BRL Trust DTVM 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R$65.8 Mil.

BRL Trust DTVM (BSP:RECT11) EBIT Explanation

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

BRL Trust DTVM's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	64.472 * ( 1 - 19.24% )	/	( (48.487	+	96.759)	/ 2 )
=	52.0675872	/	72.623
=	71.70 %

where

	Invested Capital		(Q: Jun. 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	))
=	108.208	-	20.37	-	( 87.802	-	max(0, 67.906	-	107.257	+	87.802	))
=	48.487

	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	))
=	155.379	-	30.663	-	( 133.895	-	max(0, 126.619	-	154.576	+	133.895	))
=	96.759

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

BRL Trust DTVM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	64.472	/	( ( (0.943 + max(-53.756, 0))	+	(0.798 + max(-106.609, 0)) )	/	2 )
=	64.472	/	( ( 0.943	+	0.798 )	/	2 )
=	64.472	/	0.8705
=	7,406.32 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.748	+	0	+	1.402)	-	(20.37	+	0	+	47.536)
=	-53.756

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.186	+	0	+	6.824)	-	(30.663	+	0	+	95.956)
=	-106.609

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

BRL Trust DTVM's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	65.835	/	-102.745
	=	-64.08 %

BRL Trust DTVM EBIT Related Terms

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BRL Trust DTVM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BRL Trust DTVM SA (BSP:RECT11) » Definitions » EBIT

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OULG11B:Brazil

Address

Rua Iguatemi 151, 19 Andar, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011

Website

https://www.brltrust.com.br

BRL Trust DTVM SA is a Brazil-based investment company. Its products include Fund Administration, Funds Controlling, Custody of Funds and Portfolios, Resource Management, Asset Distributions and Bookkeeping Funds. The company serves large international investors such as American, European and Asian institutional investors, sovereign wealth funds, private equity firms, large conglomerates and financial institutions.

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