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GAM Holding AG (CHIX:GAMZ) EBIT : CHF-87.7 Mil (TTM As of Jun. 2024)


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What is GAM Holding AG EBIT?

GAM Holding AG's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was CHF-31.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was CHF-87.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GAM Holding AG's annualized ROC % for the quarter that ended in Jun. 2024 was -34.97%. GAM Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -206.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GAM Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -84.94%.

GAM Holding AG EBIT Historical Data

The historical data trend for GAM Holding AG'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.

GAM Holding AG EBIT Chart

GAM Holding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.70 -387.10 -9.40 -264.70 -80.10

GAM Holding AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -275.60 10.90 -23.70 -56.40 -31.30

Competitive Comparison of GAM Holding AG's EBIT

For the Asset Management subindustry, GAM Holding AG'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.

GAM Holding AG's EV-to-EBIT Distribution in the Asset Management Industry

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

* The bar in red indicates where GAM Holding AG's EV-to-EBIT falls into.


GAM Holding AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF-87.7 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.

GAM Holding AG  (CHIX:GAMz) EBIT Explanation

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

GAM Holding AG's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-62.6 * ( 1 - -0.51% )/( (175 + 184.8)/ 2 )
=-62.91926/179.9
=-34.97 %

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))
=266 - 28.7 - ( 87.7 - max(0, 111.4 - 173.7+87.7))
=175

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))
=216.1 - 37.3 - ( 74.4 - max(0, 146.8 - 140.8+74.4))
=184.8

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

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

GAM Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-62.6/( ( (37.4 + max(-26.5, 0)) + (23.2 + max(-38.5, 0)) )/ 2 )
=-62.6/( ( 37.4 + 23.2 )/ 2 )
=-62.6/30.3
=-206.60 %

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)
=(41.3 + 0 + 43.6) - (28.7 + 0 + 82.7)
=-26.5

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.7 + 0 + 1) - (37.3 + 0 + 43.9)
=-38.5

When net working capital is negative, 0 is used.

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

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

GAM Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-87.7/103.244
=-84.94 %

* 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.

GAM Holding AG EBIT Related Terms

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GAM Holding AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAM Holding AG (CHIX:GAMz) » Definitions » EBIT
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Traded in Other Exchanges
GMHLF:USA 0QN3:UK GAM:Switzerland
Address
Hardstrasse 201, Zurich, CHE, CH-8037
Website
https://www.gam.com
GAM Holding AG is a asset manager with products that cater to institutions, intermediaries, and private clients. Customers are offered directional and absolute return strategies across an array of asset classes and strategies. In addition to an asset-management business, clients are offered private labeling services, such as fund administration and management company services. The company provides Asset management services through the GAM and Julius Bae brands and includes investment advice from internal and external professionals.

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