Raffles Financial Group (FRA:4VO) EBIT : €-1.26 Mil (TTM As of Mar. 2021)

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What is Raffles Financial Group EBIT?

Raffles Financial Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2021 was €1.53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2021 was €-1.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Raffles Financial Group's annualized ROC % for the quarter that ended in Mar. 2021 was 671.20%. Raffles Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Raffles Financial Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was -1.67%.

Raffles Financial Group EBIT Historical Data

The historical data trend for Raffles Financial 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.

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Raffles Financial Group EBIT Chart

Raffles Financial Group Annual Data

Trend

Jun19

EBIT

6.99

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
EBIT	Get a 7-Day Free Trial					-0.26	-1.97	-0.49	-0.32	1.53

Competitive Comparison of Raffles Financial Group's EBIT

For the Capital Markets subindustry, Raffles Financial 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.

Raffles Financial Group's EV-to-EBIT Distribution in the Capital Markets Industry

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

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

Raffles Financial 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.26 Mil.

Raffles Financial Group (FRA:4VO) EBIT Explanation

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

Raffles Financial Group's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

	ROC % (Q: Mar. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Mar. 2021 ))	/ count )
=	6.104 * ( 1 - 15.99% )	/	( (0.152	+	1.376)	/ 2 )
=	5.1279704	/	0.764
=	671.20 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	21.781	-	1.693	-	( 21.293	-	max(0, 1.693	-	21.629	+	21.293	))
=	0.152

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	26.57	-	1.981	-	( 26.239	-	max(0, 3.357	-	26.57	+	26.239	))
=	1.376

Note: The Operating Income data used here is four times the quarterly (Mar. 2021) data.

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

Raffles Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Mar. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6.104	/	( ( (0 + max(-1.635, 0))	+	(0 + max(-3.308, 0)) )	/	2 )
=	6.104	/	( ( 0	+	0 )	/	2 )
=	6.104	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.058000000000003)	-	(1.693	+	0	+	0)
=	-1.635

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.048999999999999)	-	(1.981	+	1.252	+	0.124)
=	-3.308

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2021 )
	=	-1.259	/	75.190
	=	-1.67 %

Raffles Financial Group EBIT Related Terms

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Raffles Financial Group (FRA:4VO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (FRA:4VO) » Definitions » EBIT

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (FRA:4VO) Headlines

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