FGCO (Financial Gravity) EBIT: $-0.03 Mil (TTM As of Jun. 2023)


FGCO Financial Gravity Companies Inc FGCO
34 GF Score
Price $0.07
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What is Financial Gravity EBIT?

Financial Gravity FGCO 34 EBIT is $-0.03 Mil as of Jun. 2023. GuruFocus rates FGCO with a GF Score™ of 34/100.

Financial Gravity's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Financial Gravity's annualized ROC % for the quarter that ended in Jun. 2023 was -7.83%. Financial Gravity's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -205.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Financial Gravity's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -0.45%.

Financial Gravity  (OTCPK:FGCO) EBIT Explanation

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

Financial Gravity's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-0.284 * ( 1 - 0% )/( (3.728 + 3.527)/ 2 )
=-0.284/3.6275
=-7.83 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=3.828 - 1.373 - ( 0.12 - max(0, 1.692 - 0.419+0.12))
=3.728

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))
=3.928 - 1.125 - ( 0.108 - max(0, 1.223 - 0.499+0.108))
=3.527

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

Financial Gravity's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.284/( ( (0.161 + max(-1.485, 0)) + (0.115 + max(-1.095, 0)) )/ 2 )
=-0.284/( ( 0.161 + 0.115 )/ 2 )
=-0.284/0.138
=-205.80 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.066) - (1.373 + 0.093 + 0.085)
=-1.485

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.03) - (1.125 + 0 + 0)
=-1.095

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-0.03/6.606
=-0.45 %

* 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.

Financial Gravity EBIT Related Terms

Financial Gravity EBIT Historical Data

* Premium members only.

The historical data trend for Financial Gravity'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.

Financial Gravity EBIT Chart

Financial Gravity Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.41 -0.48 -0.78 -7.42 -0.25

Financial Gravity Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
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 -0.40 0.05 0.17 -0.13 -0.07

FGCO vs VOYA: EBIT Comparison

For the Financial Conglomerates subindustry, Financial Gravity'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.

Financial Gravity EV-to-EBIT vs Diversified Financial Services Industry

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

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


FGCO
34GF Score
Financial Gravity Companies Inc FGCO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Financial Gravity 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-0.03 Mil mean?
Financial Gravity (FGCO) has a EBIT of $-0.03 Mil as of Jun. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Financial Gravity.
Is Financial Gravity's EBIT too high?
Financial Gravity's current EBIT is $-0.03 Mil. Overall, Financial Gravity has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Financial Gravity's EBIT compare to VOYA?
Financial Gravity's EBIT of $-0.03 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Diversified Financial Services company?
A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Financial Gravity. Financial Gravity's current EBIT is $-0.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Financial Gravity stock overvalued right now?
Financial Gravity (FGCO) has a current EBIT of $-0.03 Mil. The current EBIT is $-0.03 Mil. Financial Gravity's overall GF Score™ is 34/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Financial Gravity (FGCO), the current EBIT is $-0.03 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Financial Gravity Business Description

Address 2501 Ranch Road 620 South, Suite 110, Lakeway, TX, USA, 78734
Financial Gravity Companies Inc through its subsidiaries, helps investment advisors and tax professionals expand their businesses by adding additional services, including their own multi-family office. Financial services professionals are able to leverage Financial Gravity systems, technology, proprietary resources, and deep domain expertise to provide a comprehensive financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. The company's operating segments include FGCO, Forta, FGAM, FGFOS, FGIS, FGEM, and TMN.
34GF Score

Get the complete analysis for FGCO

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.07
Price