Fantex (Fantex) EBIT : $2.63 Mil (TTM As of Sep. 2016)

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What is Fantex EBIT?

Fantex's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2016 was $5.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $2.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fantex's annualized ROC % for the quarter that ended in Sep. 2016 was 40.00%. Fantex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was 3,588.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fantex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was 0.21%.

Fantex EBIT Historical Data

The historical data trend for Fantex'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.

Fantex EBIT Chart

Fantex Annual Data

Trend

Dec13

Dec14

Dec15

EBIT

-3.56

-6.26

-6.00

Fantex Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
EBIT	Get a 7-Day Free Trial										-0.46	-4.08	-0.51	1.35	5.86

Competitive Comparison of Fantex's EBIT

For the Shell Companies subindustry, Fantex'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.

Fantex's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Fantex 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.63 Mil.

Fantex (GREY:JEFFL) EBIT Explanation

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

Fantex's annualized ROC % for the quarter that ended in Sep. 2016 is calculated as:

	ROC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	23.436 * ( 1 - 0% )	/	( (46.249	+	70.921)	/ 2 )
=	23.436	/	58.585
=	40.00 %

where

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	36.197	-	0.326	-	( 2.144	-	max(0, 12.626	-	2.248	+	2.144	))
=	46.249

	Invested Capital		(Q: Sep. 2016 )
=	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	))
=	74.221	-	0.071	-	( 3.229	-	max(0, 0.071	-	4.606	+	3.229	))
=	70.921

Note: The Operating Income data used here is four times the quarterly (Sep. 2016) data.

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

Fantex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2016		Q: Sep. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	23.436	/	( ( (0 + max(-0.222, 0))	+	(0 + max(1.306, 0)) )	/	2 )
=	23.436	/	( ( 0	+	1.306 )	/	2 )
=	23.436	/	0.653
=	3,588.97 %

where Working Capital is:

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.104	+	0	+	0)	-	(0.326	+	0	+	-1.7763568394003E-15)
=	-0.222

	Working Capital		(Q: Sep. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.377	+	0	+	0)	-	(0.071	+	0	+	0)
=	1.306

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2016 )
	=	2.626	/	1231.880
	=	0.21 %

Fantex EBIT Related Terms

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Fantex (Fantex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fantex Inc (GREY:JEFFL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 Townsend Street, Suite 234, San Francisco, CA, USA, 94107

Website

http://www.fantexinc.com

Fantex Inc is a marketing services provider in the United States. Its range of operations covers brand acquisition, marketing and brand development in the interest of professional athletes, entertainers, and other high-profile individuals. Fantex's strategy revolves around 3 pillars; Evaluation, Acquisition, and Enhancement. Evaluation is the analysis done before the company enters a brand agreement. Acquisition relates to the initial steps of acquiring a brand such as negotiation of brand price etc and Enhancing Brand Value is where the company builds a portfolio of brands and enhances them with the help of technology and data applications.

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