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ECN Capital (TSX:ECN) EBIT : C$-18.9 Mil (TTM As of Sep. 2024)


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What is ECN Capital EBIT?

ECN Capital's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$18.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-18.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ECN Capital's annualized ROC % for the quarter that ended in Sep. 2024 was 3.99%. ECN Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 65.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ECN Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -1.00%.


ECN Capital EBIT Historical Data

The historical data trend for ECN Capital'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.

ECN Capital EBIT Chart

ECN Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.89 -1.69 -24.72 32.84 -74.69

ECN Capital 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 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 -13.54 -40.88 -7.61 11.48 18.12

Competitive Comparison of ECN Capital's EBIT

For the Mortgage Finance subindustry, ECN Capital'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.


ECN Capital's EV-to-EBIT Distribution in the Banks Industry

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

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



ECN Capital 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 C$-18.9 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.


ECN Capital  (TSX:ECN) EBIT Explanation

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

ECN Capital'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 )
=72.46 * ( 1 - 26.22% )/( (1409.902 + 1266.766)/ 2 )
=53.460988/1338.334
=3.99 %

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))
=1490.097 - 49.441 - ( 30.754 - max(0, 49.441 - 998.715+30.754))
=1409.902

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))
=1358.887 - 64.627 - ( 27.494 - max(0, 64.627 - 858.02+27.494))
=1266.766

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

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

ECN Capital'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 )
=72.46/( ( (23.847 + max(104.682, 0)) + (23.414 + max(68.495, 0)) )/ 2 )
=72.46/( ( 128.529 + 91.909 )/ 2 )
=72.46/110.219
=65.74 %

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)
=(153.71 + 0 + 0.41300000000001) - (49.441 + 0 + 0)
=104.682

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(130.575 + 0 + 2.5469999999999) - (64.627 + 0 + 0)
=68.495

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-18.891/1880.056
=-1.00 %

* 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.


ECN Capital EBIT Related Terms

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ECN Capital Business Description

Traded in Other Exchanges
Address
199 Bay Street, Suite 4000, Commerce Court West, Toronto, ON, CAN, M5L1A9
ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance. It generates the majority Manufactured Housing Finance segment.
Executives
Steven Kenneth Hudson Director, Senior Officer
Paul James Stoyan Director
William Wayne Lovatt Director
John Phillip Menard Senior Officer
Carol Elizabeth Goldman Director
Karen Lynne Martin Director
Michael Mccormack Senior Officer
Scott William Shaw Senior Officer
Michael Shane Lepore Senior Officer
Algis Vaitonis Senior Officer
James Barry Senior Officer
Mary Beth Koenig Senior Officer
David Dyson Morris Director
Kyle Francesco Morabito Senior Officer

ECN Capital Headlines

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