HRGLF (Hargreaves Lansdown) EBIT : $503.4 Mil (TTM As of Jun. 2024)

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What is Hargreaves Lansdown EBIT?

Hargreaves Lansdown's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $272.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $503.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hargreaves Lansdown's annualized ROC % for the quarter that ended in Jun. 2024 was 136.29%. Hargreaves Lansdown's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2,998.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hargreaves Lansdown's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.65%.

Hargreaves Lansdown EBIT Historical Data

The historical data trend for Hargreaves Lansdown'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.

Hargreaves Lansdown EBIT Chart

Hargreaves Lansdown Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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474.34

514.31

332.14

508.97

504.58

Hargreaves Lansdown Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															145.44	241.17	258.97	231.39	272.01

Competitive Comparison of Hargreaves Lansdown's EBIT

For the Asset Management subindustry, Hargreaves Lansdown'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.

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

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

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

Hargreaves Lansdown 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $503.4 Mil.

Hargreaves Lansdown (OTCPK:HRGLF) EBIT Explanation

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

Hargreaves Lansdown's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	505.09 * ( 1 - 26.1% )	/	( (265.949	+	281.806)	/ 2 )
=	373.26151	/	273.8775
=	136.29 %

where

	Invested Capital		(Q: Dec. 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	))
=	1581.266	-	630.633	-	( 684.684	-	max(0, 664.304	-	1507.215	+	684.684	))
=	265.949

	Invested Capital		(Q: Jun. 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	))
=	1907.379	-	814.504	-	( 811.069	-	max(0, 854.835	-	1839.186	+	811.069	))
=	281.806

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

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

Hargreaves Lansdown's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	544.02	/	( ( (20.38 + max(-12.659, 0))	+	(15.903 + max(-33.461, 0)) )	/	2 )
=	544.02	/	( ( 20.38	+	15.903 )	/	2 )
=	544.02	/	18.1415
=	2,998.76 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(619.367	+	0	+	26.708)	-	(630.633	+	0	+	28.101)
=	-12.659

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(787.786	+	0	+	27.99)	-	(814.504	+	0	+	34.733)
=	-33.461

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	503.402	/	5816.861
	=	8.65 %

Hargreaves Lansdown EBIT Related Terms

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Hargreaves Lansdown Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hargreaves Lansdown PLC (OTCPK:HRGLF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HLl:UK HL.:UK DMB:Germany

Address

Anchor Road, One College Square South, Bristol, GBR, BS1 5HL

Website

https://www.hl.co.uk

Hargreaves Lansdown PLC operates a large direct-to-investor investment service in the United Kingdom built around offerings tailored to client needs. Clients can elect to hold all their funds, stocks, bonds, ETFs, and other financial instruments in a single service with various tax advantages. There is only one segment, being the direct wealth management service administering investments in ISA, SIPP and Fund & Share accounts, and providing cash management services for individuals and corporates in the United Kingdom The company's clients mostly comprise individual investors and corporate clients. It mainly earns recurring revenue through the administration and management of assets held under its platform, and secondarily earns transactional revenue.