Bright Smart Securitiesmmodities Group (FRA:0BX) EBIT : €100.28 Mil (TTM As of Mar. 2024)

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What is Bright Smart Securitiesmmodities Group EBIT?

Bright Smart Securitiesmmodities Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was €48.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €100.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bright Smart Securitiesmmodities Group's annualized ROC % for the quarter that ended in Mar. 2024 was 7.39%. Bright Smart Securitiesmmodities Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bright Smart Securitiesmmodities Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.83%.

Bright Smart Securitiesmmodities Group EBIT Historical Data

The historical data trend for Bright Smart Securitiesmmodities Group'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.

Bright Smart Securitiesmmodities Group EBIT Chart

Bright Smart Securitiesmmodities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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77.75

114.28

90.62

95.96

101.71

Bright Smart Securitiesmmodities Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial															39.58	59.36	54.22	48.44	51.84

Competitive Comparison of Bright Smart Securitiesmmodities Group's EBIT

For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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.

Bright Smart Securitiesmmodities Group's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bright Smart Securitiesmmodities Group's EV-to-EBIT falls into.

Bright Smart Securitiesmmodities Group 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €100.28 Mil.

Bright Smart Securitiesmmodities Group (FRA:0BX) EBIT Explanation

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

Bright Smart Securitiesmmodities Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	51.312 * ( 1 - 6.93% )	/	( (718.538	+	574.061)	/ 2 )
=	47.7560784	/	646.2995
=	7.39 %

where

	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	))
=	963.606	-	190.077	-	( 54.991	-	max(0, 820.388	-	946.471	+	54.991	))
=	718.538

	Invested Capital		(Q: Mar. 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	))
=	832.44	-	200.399	-	( 57.98	-	max(0, 655.917	-	809.813	+	57.98	))
=	574.061

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

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

Bright Smart Securitiesmmodities Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	96.878	/	( ( (6.828 + max(691.382, 0))	+	(13.182 + max(543.444, 0)) )	/	2 )
=	96.878	/	( ( 698.21	+	556.626 )	/	2 )
=	96.878	/	627.418
=	15.44 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(886.976	+	0	+	0.95400000000006)	-	(190.077	+	0	+	6.471)
=	691.382

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(746.735	+	0	+	2.706)	-	(200.399	+	0	+	5.5980000000001)
=	543.444

When net working capital is negative, 0 is used.

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

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

Bright Smart Securitiesmmodities Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	100.275	/	781.804
	=	12.83 %

Bright Smart Securitiesmmodities Group EBIT Related Terms

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Bright Smart Securitiesmmodities Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bright Smart Securities & Commodities Group Ltd (FRA:0BX) » Definitions » EBIT

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01428:Hong Kong

Address

71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG

Website

https://www.bsgroup.com.hk

Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.

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