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Harel Insurance Investments & Financial Services (XTAE:HARL) EBIT : ₪1,106 Mil (TTM As of Dec. 2023)


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What is Harel Insurance Investments & Financial Services EBIT?

Harel Insurance Investments & Financial Services's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₪435 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₪1,106 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harel Insurance Investments & Financial Services's annualized ROC % for the quarter that ended in Dec. 2023 was 1.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harel Insurance Investments & Financial Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.14%.


Harel Insurance Investments & Financial Services EBIT Historical Data

The historical data trend for Harel Insurance Investments & Financial Services'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.

Harel Insurance Investments & Financial Services EBIT Chart

Harel Insurance Investments & Financial Services 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 753.00 1,214.00 1,990.00 1,680.00 1,106.00

Harel Insurance Investments & Financial Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 576.00 61.00 33.00 577.00 435.00

Competitive Comparison of Harel Insurance Investments & Financial Services's EBIT

For the Insurance - Diversified subindustry, Harel Insurance Investments & Financial Services'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.


Harel Insurance Investments & Financial Services's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Harel Insurance Investments & Financial Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harel Insurance Investments & Financial Services's EV-to-EBIT falls into.



Harel Insurance Investments & Financial Services 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 quarterly data reported by the company within the most recent 12 months, which was ₪1,106 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.


Harel Insurance Investments & Financial Services  (XTAE:HARL) EBIT Explanation

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

Harel Insurance Investments & Financial Services's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1740 * ( 1 - 22.47% )/( (126950.75 + 129901.25)/ 2 )
=1349.022/128426
=1.05 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=143179 - 5377 - ( 11097 - 5% * 4915 )
=126950.75

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=144806 - 2760 - ( 12466 - 5% * 6425 )
=129901.25

Note: The EBIT data used here is four times the quarterly (Dec. 2023) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Harel Insurance Investments & Financial Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1106/5491.048
=20.14 %

* 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.


Harel Insurance Investments & Financial Services EBIT Related Terms

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Harel Insurance Investments & Financial Services (XTAE:HARL) Business Description

Traded in Other Exchanges
N/A
Address
3 Abba Hillel Street, Ramat Gan, ISR
Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds.

Harel Insurance Investments & Financial Services (XTAE:HARL) Headlines