Polar Capital Holdings (LSE:POLR) EBIT : £43.5 Mil (TTM As of Sep. 2023)

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What is Polar Capital Holdings EBIT?

Polar Capital Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £21.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £43.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Polar Capital Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 59.72%. Polar Capital Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 423.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Polar Capital Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 10.25%.

Polar Capital Holdings EBIT Historical Data

The historical data trend for Polar Capital Holdings'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.

Polar Capital Holdings EBIT Chart

Polar Capital Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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63.06

49.85

67.61

62.09

45.38

Polar Capital Holdings 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															32.44	29.65	23.00	22.38	21.17

Competitive Comparison of Polar Capital Holdings's EBIT

For the Asset Management subindustry, Polar Capital Holdings'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.

Polar Capital Holdings's EV-to-EBIT Distribution in the Asset Management Industry

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

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

Polar Capital Holdings 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 £43.5 Mil.

Polar Capital Holdings (LSE:POLR) EBIT Explanation

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

Polar Capital Holdings'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 )
=	42.872 * ( 1 - 25.75% )	/	( (72.291	+	34.311)	/ 2 )
=	31.83246	/	53.301
=	59.72 %

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	))
=	241.68	-	43.231	-	( 181.749	-	max(0, 88.945	-	215.103	+	181.749	))
=	72.291

	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	))
=	197.049	-	57.27	-	( 147.923	-	max(0, 65.765	-	171.233	+	147.923	))
=	34.311

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:

Polar Capital Holdings'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 )
=	42.33	/	( ( (10.534 + max(-57.935, 0))	+	(9.451 + max(-42.455, 0)) )	/	2 )
=	42.33	/	( ( 10.534	+	9.451 )	/	2 )
=	42.33	/	9.9925
=	423.62 %

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)
=	(13.117	+	0	+	16.164)	-	(43.231	+	0	+	43.985)
=	-57.935

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(22.7	+	0	+	0.61000000000001)	-	(57.27	+	0	+	8.495)
=	-42.455

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:

Polar Capital Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	43.542	/	424.614
	=	10.25 %

Polar Capital Holdings EBIT Related Terms

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Polar Capital Holdings (LSE:POLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Holdings PLC (LSE:POLR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

POLR.GB:UK XZF:Germany

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapital.co.uk

Polar Capital Holdings PLC is a specialist investment management company. It offers professional and institutional investors a range of geographical and sector funds. The company has long-only and absolute return funds in its product range. The company offers fundamental funds diversified by asset class, geographical, sectoral specialization, and structure. It operates in the United Kingdom, Ireland, Cayman, and Europe. The group's revenue-generating operations are in London.

Polar Capital Holdings (LSE:POLR) Headlines

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