Mackenzie Master LP (TSX:MKZ.UN) EBIT : C$0.61 Mil (TTM As of Dec. 2023)

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What is Mackenzie Master LP EBIT?

Mackenzie Master LP's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was C$0.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mackenzie Master LP's annualized ROC % for the quarter that ended in Dec. 2023 was 5,137.74%. Mackenzie Master LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6,977.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mackenzie Master LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 38.77%.

Mackenzie Master LP EBIT Historical Data

The historical data trend for Mackenzie Master LP'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.

Mackenzie Master LP EBIT Chart

Mackenzie Master LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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0.98

0.80

0.82

0.69

0.61

Mackenzie Master LP Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															0.41	0.37	0.33	0.30	0.31

Competitive Comparison of Mackenzie Master LP's EBIT

For the Asset Management subindustry, Mackenzie Master LP'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.

Mackenzie Master LP's EV-to-EBIT Distribution in the Asset Management Industry

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

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

Mackenzie Master LP 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$0.61 Mil.

Mackenzie Master LP (TSX:MKZ.UN) EBIT Explanation

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

Mackenzie Master LP's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0.628 * ( 1 - 26.37% )	/	( (0.018	+	0)	/ 2 )
=	0.4623964	/	0.009
=	5,137.74 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	0.378	-	0.129	-	( 0.231	-	max(0, 0.129	-	0.378	+	0.231	))
=	0.018

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	0.767	-	0.251	-	( 0.716	-	max(0, 0.251	-	0.767	+	0.716	))
=	0

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Mackenzie Master LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.628	/	( ( (0 + max(0.018, 0))	+	(0 + max(-0.2, 0)) )	/	2 )
=	0.628	/	( ( 0.018	+	0 )	/	2 )
=	0.628	/	0.009
=	6,977.78 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.146	+	0	+	0.001)	-	(0.129	+	0	+	0)
=	0.018

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.051	+	0	+	0)	-	(0.251	+	0	+	0)
=	-0.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Mackenzie Master LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	0.609	/	1.571
	=	38.77 %

Mackenzie Master LP EBIT Related Terms

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Mackenzie Master LP (TSX:MKZ.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mackenzie Master LP (TSX:MKZ.UN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Queen Street West, Toronto, ON, CAN, M5V 3K1

Website

https://www.mackenziefinancial.com

Mackenzie Master LP is a Canada-based company engaged in the provision of investment advisory services. It offers a variety of products and services such as exchange-traded funds, multi-asset solutions, and mutual funds, among others.

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