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Prestige Wealth (Prestige Wealth) EBIT : $-1.11 Mil (TTM As of Sep. 2023)


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What is Prestige Wealth EBIT?

Prestige Wealth's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $-1.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.11 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Prestige Wealth's annualized ROC % for the quarter that ended in Sep. 2023 was -47.32%. Prestige Wealth's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -138.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Prestige Wealth's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -11.84%.


Prestige Wealth EBIT Historical Data

The historical data trend for Prestige Wealth'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.

Prestige Wealth EBIT Chart

Prestige Wealth Annual Data
Trend Sep20 Sep21 Sep22 Sep23
EBIT
1.87 1.65 1.40 -1.11

Prestige Wealth Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
EBIT Get a 7-Day Free Trial -0.54 1.49 -0.10 0.26 -1.37

Competitive Comparison of Prestige Wealth's EBIT

For the Asset Management subindustry, Prestige Wealth'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.


Prestige Wealth's EV-to-EBIT Distribution in the Asset Management Industry

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

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



Prestige Wealth 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 $-1.11 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.


Prestige Wealth  (NAS:PWM) EBIT Explanation

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

Prestige Wealth'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 )
=-2.738 * ( 1 - 2.15% )/( (5.176 + 6.147)/ 2 )
=-2.679133/5.6615
=-47.32 %

where

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:

Prestige Wealth'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 )
=-2.738/( ( (0.01 + max(3.357, 0)) + (0.141 + max(0.454, 0)) )/ 2 )
=-2.738/( ( 3.367 + 0.595 )/ 2 )
=-2.738/1.981
=-138.21 %

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)
=(0.604 + 0 + 3.056) - (0.286 + 0.017 + 0)
=3.357

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.273 + 0 + 0.481) - (0.286 + 0.014 + 0)
=0.454

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-1.112/9.389
=-11.84 %

* 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.


Prestige Wealth EBIT Related Terms

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Prestige Wealth (Prestige Wealth) Business Description

Traded in Other Exchanges
N/A
Address
2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG
Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

Prestige Wealth (Prestige Wealth) Headlines