AssetCo (FRA:DYJ) EBIT : €-14.27 Mil (TTM As of Sep. 2023)

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What is AssetCo EBIT?

AssetCo's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was €0.92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was €-14.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AssetCo's annualized ROC % for the quarter that ended in Sep. 2023 was -15.12%. AssetCo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 88.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AssetCo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -48.16%.

AssetCo EBIT Historical Data

The historical data trend for AssetCo'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.

AssetCo EBIT Chart

AssetCo Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-0.78

3.76

18.84

-6.11

-14.62

AssetCo 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															-7.16	-3.16	-3.09	-15.19	0.92

Competitive Comparison of AssetCo's EBIT

For the Asset Management subindustry, AssetCo'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.

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

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

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

AssetCo 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 €-14.27 Mil.

AssetCo (FRA:DYJ) EBIT Explanation

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

AssetCo'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 )
=	-9.026 * ( 1 - -7.47% )	/	( (67.016	+	61.29)	/ 2 )
=	-9.7002422	/	64.153
=	-15.12 %

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	))
=	98.097	-	11.838	-	( 31.275	-	max(0, 22.035	-	41.278	+	31.275	))
=	67.016

	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	))
=	83.848	-	3.952	-	( 29.671	-	max(0, 19.142	-	37.748	+	29.671	))
=	61.29

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:

AssetCo'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 )
=	1.848	/	( ( (2.279 + max(-1.894, 0))	+	(1.893 + max(-16.553, 0)) )	/	2 )
=	1.848	/	( ( 2.279	+	1.893 )	/	2 )
=	1.848	/	2.086
=	88.59 %

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)
=	(8.61	+	0	+	1.393)	-	(11.838	+	0	+	0.059000000000001)
=	-1.894

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.437	+	0	+	1.344)	-	(3.952	+	0	+	14.382)
=	-16.553

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-14.266	/	29.620
	=	-48.16 %

AssetCo EBIT Related Terms

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AssetCo (FRA:DYJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AssetCo PLC (FRA:DYJ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ASTO.GB:UK ASTO:UK

Address

Wonastow Road, Singleton Court Business Park, Monmouth, Monmouthshire, GBR, NP25 5JA

Website

https://www.assetco.com

AssetCo PLC is principally involved in the provision of asset and wealth management services. The group's activities involve fund management, high-growth thematics, and digital platforms. Its primary source of revenue involves Management Fees and Marketing Fees.

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