Impax Asset Management Group (LSE:IPX) EBIT : £49.4 Mil (TTM As of Sep. 2024)

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What is Impax Asset Management Group EBIT?

Impax Asset Management Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was £24.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was £49.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Impax Asset Management Group's annualized ROC % for the quarter that ended in Sep. 2024 was 65.35%. Impax Asset Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 397.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Impax Asset Management Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 35.62%.

Impax Asset Management Group EBIT Historical Data

The historical data trend for Impax Asset Management 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.

Impax Asset Management Group EBIT Chart

Impax Asset Management Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

EBIT

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17.49

46.30

73.13

52.60

49.39

Impax Asset Management 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															40.23	21.61	31.00	24.78	24.62

Competitive Comparison of Impax Asset Management Group's EBIT

For the Asset Management subindustry, Impax Asset Management 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.

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

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

* The bar in red indicates where Impax Asset Management Group's EV-to-EBIT falls into.

Impax Asset Management 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £49.4 Mil.

Impax Asset Management Group (LSE:IPX) EBIT Explanation

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

Impax Asset Management Group's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	51.896 * ( 1 - 25.27% )	/	( (45.653	+	73.029)	/ 2 )
=	38.7818808	/	59.341
=	65.35 %

where

	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	))
=	157.686	-	31.667	-	( 80.366	-	max(0, 33.624	-	120.722	+	80.366	))
=	45.653

	Invested Capital		(Q: Sep. 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	))
=	182.382	-	7.743	-	( 109.09	-	max(0, 45.558	-	147.168	+	109.09	))
=	73.029

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

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

Impax Asset Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	49.232	/	( ( (8.198 + max(8.689, 0))	+	(7.879 + max(-34.545, 0)) )	/	2 )
=	49.232	/	( ( 16.887	+	7.879 )	/	2 )
=	49.232	/	12.383
=	397.58 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(39.229	+	0	+	1.127)	-	(31.667	+	0	+	0)
=	8.689

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.721	+	0	+	1.208)	-	(7.743	+	0	+	35.731)
=	-34.545

When net working capital is negative, 0 is used.

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

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

Impax Asset Management Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	49.393	/	138.655
	=	35.62 %

Impax Asset Management Group EBIT Related Terms

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Impax Asset Management Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

IPXAF:USA LW4:Germany

Address

30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ

Website

https://www.impaxam.com

Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The Group is managed on an integrated basis and there is one reportable segment The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.