GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » A-Mark Precious Metals Inc (NAS:AMRK) » Definitions » EBIT

A-Mark Precious Metals (A-Mark Precious Metals) EBIT : $144 Mil (TTM As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is A-Mark Precious Metals EBIT?

A-Mark Precious Metals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $144 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. A-Mark Precious Metals's annualized ROC % for the quarter that ended in Mar. 2024 was 1.82%. A-Mark Precious Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. A-Mark Precious Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.97%.


A-Mark Precious Metals EBIT Historical Data

The historical data trend for A-Mark Precious Metals'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.

A-Mark Precious Metals EBIT Chart

A-Mark Precious Metals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.42 56.74 212.67 188.41 234.70

A-Mark Precious Metals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 55.01 65.17 33.76 28.60 16.35

Competitive Comparison of A-Mark Precious Metals's EBIT

For the Capital Markets subindustry, A-Mark Precious Metals'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.


A-Mark Precious Metals's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, A-Mark Precious Metals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where A-Mark Precious Metals's EV-to-EBIT falls into.



A-Mark Precious Metals 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $144 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.


A-Mark Precious Metals  (NAS:AMRK) EBIT Explanation

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

A-Mark Precious Metals's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=36.14 * ( 1 - 19.97% )/( (1572.321 + 1607.936)/ 2 )
=28.922842/1590.1285
=1.82 %

where

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))
=1623.858 - 23.042 - ( 28.495 - max(0, 719.66 - 1340.281+28.495))
=1572.321

Invested Capital(Q: Mar. 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))
=1669.487 - 26.384 - ( 35.167 - max(0, 764.809 - 1349.191+35.167))
=1607.936

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

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

A-Mark Precious Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=65.388/( ( (19.511 + max(972.723, 0)) + (21.364 + max(908.772, 0)) )/ 2 )
=65.388/( ( 992.234 + 930.136 )/ 2 )
=65.388/961.185
=6.80 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.577 + 1110.35 + 31.609) - (23.042 + 121.648 + 53.123)
=972.723

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.298 + 1089.635 + 38.411) - (26.384 + 150.875 + 77.313)
=908.772

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

A-Mark Precious Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=143.868/1602.992
=8.97 %

* 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.


A-Mark Precious Metals EBIT Related Terms

Thank you for viewing the detailed overview of A-Mark Precious Metals's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


A-Mark Precious Metals (A-Mark Precious Metals) Business Description

Traded in Other Exchanges
Address
2121 Rosecrans Avenue, Suite 6300, El Segundo, CA, USA, 90245
A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises business units such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of its revenue from the United States.
Executives
Michael R. Wittmeyer director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Brian Aquilino officer: Chief Operating Officer 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Beverley Lepine director 429 SANTA MONICA BLVD., SUITE 230, SANTA MONICA CA 90401
Carol Meltzer officer: EVP, Gen. Counsel & Secretary 775 PASSAIC AVE, WEST CALDWELL NJ 07006
Gregory N Roberts director, 10 percent owner, officer: Chief Executive Officer 2625 ST ANDREWS, TUSTIN CA 92660
Thor Gjerdrum officer: President 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Jeffrey D Benjamin director, 10 percent owner 9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
Jess M Ravich director 11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Kendall Saville director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Moorhead John director 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
William A Richardson 10 percent owner 2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Kathleen Taylor-simpson officer: Chief Financial Officer 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
A-mark Precious Metals, Inc. director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Monique Sanchez director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Ellis Landau director CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148