RELI (Reliance Global Group) EBIT : $-14.95 Mil (TTM As of Sep. 2024)

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What is Reliance Global Group EBIT?

Reliance Global Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-0.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-14.95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Reliance Global Group's annualized ROC % for the quarter that ended in Sep. 2024 was -12.70%. Reliance Global Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -65.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Reliance Global Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -97.03%.

Reliance Global Group EBIT Historical Data

The historical data trend for Reliance Global Group'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.

Reliance Global Group EBIT Chart

Reliance Global Group Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-3.10

-3.63

-2.91

22.48

-8.37

Reliance Global Group 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															0.28	-8.48	-4.94	-1.09	-0.45

Competitive Comparison of Reliance Global Group's EBIT

For the Insurance Brokers subindustry, Reliance Global Group'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.

Reliance Global Group's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Reliance Global Group's EV-to-EBIT distribution charts can be found below:

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

Reliance Global Group 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 $-14.95 Mil.

Reliance Global Group (NAS:RELI) EBIT Explanation

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

Reliance Global Group'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 )
=	-2.048 * ( 1 - 0% )	/	( (16.309	+	15.949)	/ 2 )
=	-2.048	/	16.129
=	-12.70 %

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	))
=	18.344	-	1.435	-	( 1.406	-	max(0, 3.722	-	4.322	+	1.406	))
=	16.309

	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	))
=	17.42	-	1.04	-	( 0.925	-	max(0, 3.404	-	3.835	+	0.925	))
=	15.949

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

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

Reliance Global Group'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 )
=	-1.784	/	( ( (1.154 + max(1.313, 0))	+	(1.113 + max(1.863, 0)) )	/	2 )
=	-1.784	/	( ( 2.467	+	2.976 )	/	2 )
=	-1.784	/	2.7215
=	-65.55 %

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)
=	(0.953	+	0	+	1.795)	-	(1.435	+	0	+	0)
=	1.313

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.116	+	0	+	1.788)	-	(1.04	+	0	+	0.00099999999999989)
=	1.863

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:

Reliance Global Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-14.951	/	15.408
	=	-97.03 %

Reliance Global Group EBIT Related Terms

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Reliance Global Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reliance Global Group Inc (NAS:RELI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701

Website

https://www.relianceglobalgroup.com

Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. The company generates revenue in the form of commissions.

Executives

Ezra Beyman	officer: CEO	300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Yaakov Beyman	officer: Executive VP, Insurance	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Joel Markovits	officer: Chief Accounting Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
William Y. Lebovics	officer: Chief Financial Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Reliance Global Holdings Llc	officer: CEO	300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701
Miriam Spitz	other: Director of Investor Services	18 SCENIC DRIVE, SUFFERN NY 10901
Alex Blumenfrucht	officer: CFO	517 REYNOLDS AVE, TOMS RIVER NJ 08755
Jack Namer	director, 10 percent owner, officer: Chief Executive Officer	1500 NW 65TH AVENUE PLANTATION FL 33313
Amy M. Nalewaik	10 percent owner	1500 NW 65TH AVENUE PLANTATION FL 33313