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JTC (CHIX:JTCL) EBIT : £54.8 Mil (TTM As of Jun. 2024)


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What is JTC EBIT?

JTC's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £31.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £54.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JTC's annualized ROC % for the quarter that ended in Jun. 2024 was 7.81%. JTC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 115.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JTC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.20%.


JTC EBIT Historical Data

The historical data trend for JTC'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.

JTC EBIT Chart

JTC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 20.96 14.60 31.32 45.90 41.95

JTC Semi-Annual Data
Dec16 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 25.30 20.60 18.56 23.39 31.46

Competitive Comparison of JTC's EBIT

For the Asset Management subindustry, JTC'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.


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

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

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


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JTC 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 £54.8 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.


JTC  (CHIX:JTCl) EBIT Explanation

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

JTC'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 )
=64.978 * ( 1 - 7.29% )/( (768.91 + 774.036)/ 2 )
=60.2411038/771.473
=7.81 %

where

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:

JTC'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 )
=62.91/( ( (49.659 + max(-34.813, 0)) + (59.038 + max(-28.485, 0)) )/ 2 )
=62.91/( ( 49.659 + 59.038 )/ 2 )
=62.91/54.3485
=115.75 %

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)
=(32.071 + 11.615 + -5.372) - (38.967 + 0 + 34.16)
=-34.813

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.058 + 14.513 + 9.124) - (53.977 + 0 + 34.203)
=-28.485

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=54.845/1716.025
=3.20 %

* 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.


JTC EBIT Related Terms

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JTC Business Description

Traded in Other Exchanges
Address
JTC House, 28 Esplanade, P.O. Box 1075, Channel Islands, Saint Helier, JEY, JE2 3QA
JTC PLC is a company based in Jersey that provides fund, corporate, and private client services. The company has two main segments: Institutional Client Services (ICS) and Private Client Services (PCS). The ICS segment generates the highest revenue. JTC PLC offers company secretarial and administration services to various corporate clients, including small and medium-sized enterprises, public companies, multinationals, sovereign wealth funds, family offices, and private clients. The company also provides services in real estate, private equity, hedge, renewables, debt, and other alternatives, including sovereign wealth funds.

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