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LTSAP.PFD (Osaic Financial Services) EBIT : $53.13 Mil (TTM As of Dec. 2019)


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What is Osaic Financial Services EBIT?

Osaic Financial Services's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2019 was $6.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2019 was $53.13 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Osaic Financial Services's annualized ROC % for the quarter that ended in Dec. 2019 was 59.81%. Osaic Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 41.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Osaic Financial Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 369.65%.


Osaic Financial Services EBIT Historical Data

The historical data trend for Osaic Financial Services'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.

Osaic Financial Services EBIT Chart

Osaic Financial Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.53 -8.02 3.89 57.96 53.13

Osaic Financial Services Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.56 9.88 15.09 21.52 6.65

Competitive Comparison of Osaic Financial Services's EBIT

For the Capital Markets subindustry, Osaic Financial Services'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.


Osaic Financial Services's EV-to-EBIT Distribution in the Capital Markets Industry

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

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



Osaic Financial Services 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 Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $53.13 Mil.

* 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.


Osaic Financial Services  (OTCPK:LTSAP.PFD) EBIT Explanation

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

Osaic Financial Services's annualized ROC % for the quarter that ended in Dec. 2019 is calculated as:

ROC % (Q: Dec. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2019 ) + Invested Capital (Q: Dec. 2019 ))/ count )
=183.616 * ( 1 - -37.67% )/( (423.89 + 421.407)/ 2 )
=252.7841472/422.6485
=59.81 %

where

Invested Capital(Q: Sep. 2019 )
=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))
=818.124 - 143.201 - ( 251.033 - max(0, 143.201 - 427.404+251.033))
=423.89

Invested Capital(Q: Dec. 2019 )
=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))
=829.936 - 159.757 - ( 248.772 - max(0, 159.757 - 431.052+248.772))
=421.407

Note: The Operating Income data used here is four times the quarterly (Dec. 2019) data.

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

Osaic Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2019  Q: Dec. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.592/( ( (63.883 + max(-41.708, 0)) + (64.321 + max(-58.068, 0)) )/ 2 )
=26.592/( ( 63.883 + 64.321 )/ 2 )
=26.592/64.102
=41.48 %

where Working Capital is:

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(100.722 + 0 + 0.77100000000002) - (143.201 + 0 + 0)
=-41.708

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(100.919 + 0 + 0.77000000000004) - (159.757 + 0 + 0)
=-58.068

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2019) EBIT data.

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

Osaic Financial Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2019 )
=53.126/14.372
=369.65 %

* 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.


Osaic Financial Services EBIT Related Terms

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Osaic Financial Services Business Description

Traded in Other Exchanges
N/A
Address
4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137
Osaic Financial Services Inc formerly Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.
Executives
Michael Liebowitz director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Vector Group Ltd 10 percent owner 4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
Glenn C Davis director 4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello officer: Senior Vice President 520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Dmitry Kolosov director C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Adam Scott Malamed officer: Chief Operating Officer 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Jacqueline M Simkin director 801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Frost Nevada Investments Trust 10 percent owner 4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Brett Kaufman officer: Vice President and CFO 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Frost Gamma Investments Trust 10 percent owner 4400 BISCAYNE BLVD, MIAMI FL 33137
Richard M Krasno director C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Saul Gilinski director C.I. FARMACAPSULAS S.A., 1893 S.W. THIRD STREET, POMPANO BEACH FL 33069
Diane Chillemi officer: Chief Financial Officer GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Richard J Rosenstock director C/O GAINES BERLAND INC, 1055 STEWART AVENUE, BETHPAGE NY 11714
Bruce S Mendelsohn officer: Managing Director & Senior EVP LADENBURG THALMANN FINANCIAL SERVICES, 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022

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