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Coronation Fund Managers (Coronation Fund Managers) EBIT : $104.4 Mil (TTM As of Sep. 2023)


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What is Coronation Fund Managers EBIT?

Coronation Fund Managers's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $58.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $104.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coronation Fund Managers's annualized ROC % for the quarter that ended in Sep. 2023 was 1.18%. Coronation Fund Managers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2,392.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coronation Fund Managers's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 17.05%.


Coronation Fund Managers EBIT Historical Data

The historical data trend for Coronation Fund Managers'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.

Coronation Fund Managers EBIT Chart

Coronation Fund Managers Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.12 110.73 160.58 99.56 102.66

Coronation Fund Managers Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 78.13 60.70 47.96 46.11 58.26

Competitive Comparison of Coronation Fund Managers's EBIT

For the Asset Management subindustry, Coronation Fund Managers'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.


Coronation Fund Managers's EV-to-EBIT Distribution in the Asset Management Industry

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

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



Coronation Fund Managers 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $104.4 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.


Coronation Fund Managers  (GREY:COFUF) EBIT Explanation

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

Coronation Fund Managers's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=110.726 * ( 1 - 29.21% )/( (6722.637 + 6591.004)/ 2 )
=78.3829354/6656.8205
=1.18 %

where

Invested Capital(Q: Mar. 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))
=3473.26 - 54.766 - ( 17.525 - max(0, 3359.676 - 55.533+17.525))
=6722.637

Invested Capital(Q: Sep. 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))
=3445.009 - 58.105 - ( 60.161 - max(0, 3300.432 - 96.332+60.161))
=6591.004

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

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

Coronation Fund Managers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=116.526/( ( (5.312 + max(-3321.668, 0)) + (4.429 + max(-3262.996, 0)) )/ 2 )
=116.526/( ( 5.312 + 4.429 )/ 2 )
=116.526/4.8705
=2,392.49 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37.789 + 0 + 0.219) - (54.766 + 0 + 3304.91)
=-3321.668

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.171 + 0 + 0) - (58.105 + 0 + 3241.062)
=-3262.996

When net working capital is negative, 0 is used.

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

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

Coronation Fund Managers's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=104.376/612.321
=17.05 %

* 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.


Coronation Fund Managers EBIT Related Terms

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Coronation Fund Managers (Coronation Fund Managers) Business Description

Traded in Other Exchanges
Address
Cnr Campground and Main Roads, 7th Floor, MontClare Place, Claremont, Cape Town, WC, ZAF, 7708
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.

Coronation Fund Managers (Coronation Fund Managers) Headlines

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