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B. Riley Financial (B. Riley Financial) EBIT : $45 Mil (TTM As of Dec. 2023)


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What is B. Riley Financial EBIT?

B. Riley Financial's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. B. Riley Financial's annualized ROC % for the quarter that ended in Dec. 2023 was -3.62%. B. Riley Financial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -341.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. B. Riley Financial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.37%.


B. Riley Financial EBIT Historical Data

The historical data trend for B. Riley Financial'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.

B. Riley Financial EBIT Chart

B. Riley Financial 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 166.80 344.71 707.22 -79.26 44.69

B. Riley Financial 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 -43.05 72.04 112.62 -46.16 -93.81

Competitive Comparison of B. Riley Financial's EBIT

For the Financial Conglomerates subindustry, B. Riley Financial'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.


B. Riley Financial's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, B. Riley Financial's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where B. Riley Financial's EV-to-EBIT falls into.



B. Riley Financial 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 $45 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.


B. Riley Financial  (NAS:RILY) EBIT Explanation

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

B. Riley Financial'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-319.372 * ( 1 - 36.27% )/( (5611.106 + 5621.024)/ 2 )
=-203.5357756/5616.065
=-3.62 %

where

Invested Capital(Q: Sep. 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))
=6142.856 - 279.462 - ( 252.288 - max(0, 410.537 - 1144.674+252.288))
=5611.106

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))
=6074.378 - 221.39 - ( 231.964 - max(0, 336.695 - 1120.958+231.964))
=5621.024

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

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

B. Riley Financial'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-375.24/( ( (107.019 + max(-96.825, 0)) + (112.811 + max(-40.228, 0)) )/ 2 )
=-375.24/( ( 107.019 + 112.811 )/ 2 )
=-375.24/109.915
=-341.39 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(127.418 + 107.226 + 21.822) - (279.462 + 73.829 + 0)
=-96.825

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(115.496 + 110.482 + 26.688) - (221.39 + 71.504 + 0)
=-40.228

When net working capital is negative, 0 is used.

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

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

B. Riley Financial's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=44.689/3273.907
=1.37 %

* 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.


B. Riley Financial EBIT Related Terms

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B. Riley Financial (B. Riley Financial) Business Description

Traded in Other Exchanges
Address
11100 Santa Monica Boulevard, Suite 800, Los Angeles, CA, USA, 90025
B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional and high net worth clients and also asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer segment.
Executives
Kelleher Thomas J /adv officer: CEO of B. Riley Capital Market C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Renee E Labran director 130 WEST UNION STREET, C/O IDEALAB, PASADENA CA 91103
Andrew Moore officer: CEO of B. Riley FBR, Inc. C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Robert L Antin director
Tamara Sue Brandt director C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Bryant R Riley director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Randall E Paulson director
D Agostino Robert P director 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Michael Joseph Sheldon director C/O ALDILA, INC., 14145 DANIELSON ST. STE B, POWAY CA 92064
Daniel Asher 10 percent owner 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Kenneth M Young officer: President C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Mikel H Williams director 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Phillip Ahn officer: CFO and COO 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Alan N Forman officer: EVP, General Counsel, Sec 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Todd D. Sims director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367