MSCI (MEX:MSCI) EBIT : MXN29,455 Mil (TTM As of Sep. 2024)

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What is MSCI EBIT?

MSCI's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was MXN7,947 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was MXN29,455 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MSCI's annualized ROC % for the quarter that ended in Sep. 2024 was 24.85%. MSCI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 886.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MSCI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.74%.

MSCI EBIT Historical Data

The historical data trend for MSCI'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.

MSCI EBIT Chart

MSCI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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14,170.63

16,759.99

20,878.12

23,695.67

26,407.52

MSCI Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															6,350.20	8,738.84	5,685.33	7,083.05	7,947.48

Competitive Comparison of MSCI's EBIT

For the Financial Data & Stock Exchanges subindustry, MSCI'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.

MSCI's EV-to-EBIT Distribution in the Capital Markets Industry

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

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

MSCI 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 quarterly data reported by the company within the most recent 12 months, which was MXN29,455 Mil.

MSCI (MEX:MSCI) EBIT Explanation

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

MSCI'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: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	31609.548 * ( 1 - 21.3% )	/	( (96908.875	+	103276.294)	/ 2 )
=	24876.714276	/	100092.5845
=	24.85 %

where

	Invested Capital		(Q: Jun. 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	))
=	99969.743	-	4185.539	-	( 8198.576	-	max(0, 25216.559	-	24091.888	+	8198.576	))
=	96908.875

	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	))
=	106503.829	-	5041.386	-	( 9787.457	-	max(0, 27131.56	-	25317.709	+	9787.457	))
=	103276.294

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

MSCI'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: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	31789.912	/	( ( (3545.233 + max(-9323.247, 0))	+	(3623.862 + max(-11601.308, 0)) )	/	2 )
=	31789.912	/	( ( 3545.233	+	3623.862 )	/	2 )
=	31789.912	/	3584.5475
=	886.86 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12997.875	+	0	+	2895.437)	-	(4185.539	+	18649.81	+	2381.21)
=	-9323.247

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12676.753	+	0	+	2853.499)	-	(5041.386	+	18564.802	+	3525.372)
=	-11601.308

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	29454.688	/	1073771.508
	=	2.74 %

MSCI EBIT Related Terms

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MSCI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MSCI Inc (MEX:MSCI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MSCI:USA 0A8Y:UK 3HM:Germany 3HM:Germany 3HM:Germany M1SC34:Brazil

Address

250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007

Website

https://www.msci.com

MSCI has described its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.4 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.