MDLM (Medley Management) EBIT: $-9.70 Mil (TTM As of Dec. 2020)

What is Medley Management EBIT?

Medley Management MDLM 12 EBIT is $-9.70 Mil as of Dec. 2020. GuruFocus rates MDLM with a GF Score™ of 12/100.

Medley Management's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2020 was $-0.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was $-9.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Medley Management's annualized ROC % for the quarter that ended in Dec. 2020 was -12.57%. Medley Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -12.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Medley Management's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -969,700.00%.

Medley Management (OTCPK:MDLM) EBIT Explanation

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

Medley Management's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

	ROC % (Q: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2020 )	+	Invested Capital (Q: Dec. 2020 ))	/ count )
=	-2.716 * ( 1 - 11.59% )	/	( (19.429	+	18.791)	/ 2 )
=	-2.4012156	/	19.11
=	-12.57 %

where

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	38.711	-	25.636	-	( 6.048	-	max(0, 25.636	-	19.282	+	6.048	))
=	19.429

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	35.553	-	24.772	-	( 3.862	-	max(0, 24.772	-	16.762	+	3.862	))
=	18.791

Note: The Operating Income data used here is four times the quarterly (Dec. 2020) data.

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

Medley Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2020		Q: Dec. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.864	/	( ( (7.247 + max(-14.052, 0))	+	(6.594 + max(-13.363, 0)) )	/	2 )
=	-0.864	/	( ( 7.247	+	6.594 )	/	2 )
=	-0.864	/	6.9205
=	-12.48 %

where Working Capital is:

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.799	+	0	+	5.785)	-	(25.636	+	0	+	0)
=	-14.052

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.87	+	0	+	5.539)	-	(24.772	+	0	+	0)
=	-13.363

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2020 )
	=	-9.697	/	0.001
	=	-969,700.00 %

* 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.

Medley Management EBIT Related Terms

Medley Management EBIT Historical Data

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The historical data trend for Medley Management's EBIT can be seen below:

Medley Management EBIT Chart

Medley Management Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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20.24

31.12

-10.46

-0.56

-9.70

Medley Management Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
EBIT	Get a 7-Day Free Trial															-4.22	-3.01	-6.99	0.52	-0.22

MDLM vs EQS, AINC, PIAC: EBIT Comparison

For the Asset Management subindustry, Medley Management'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.

Medley Management EV-to-EBIT vs Asset Management Industry

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

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

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Medley Management Inc MDLM

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Medley Management 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.70 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-9.70 Mil mean?

Medley Management (MDLM) has a EBIT of $-9.70 Mil as of Dec. 2020. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Medley Management.

Is Medley Management's EBIT too high?

Medley Management's current EBIT is $-9.70 Mil. Overall, Medley Management has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Medley Management's EBIT compare to EQS and AINC?

Medley Management's EBIT of $-9.70 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Asset Management company?

A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Medley Management. Medley Management's current EBIT is $-9.70 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Medley Management stock overvalued right now?

Medley Management (MDLM) has a current EBIT of $-9.70 Mil. The current EBIT is $-9.70 Mil. Medley Management's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Medley Management (MDLM), the current EBIT is $-9.70 Mil as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Medley Management Business Description

Industry Financial Services Asset Management

Comparable Companies EQS AINC PIAC MCVT GLAE MILC INNO APHDD HCAP CDIXD BLK BX TSX:BAM.A OSTO:INVE A BK TROW KKR XSWX:PGHN STT AMP

Address 100 Park Avenue, New York, NY, USA, 10017

Website https://www.mdly.com

Medley Management Inc is an asset management company providing services to retail and institutional investors. It provides credit-focused investment strategies through various funds and products that meet the needs of a wide range of retail and institutional investors. The company manages two permanent capital vehicles, both of which are business development companies, as well as long-dated private funds and separately managed accounts. The company focuses on credit-related investment strategies originating senior secured loans to private middle-market companies in the United States. The company recognizes the majority of its revenues through management fees.

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