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Beneficient (Beneficient) EBIT : $-2,493.86 Mil (TTM As of Dec. 2023)


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What is Beneficient EBIT?

Beneficient's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-920.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,493.86 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Beneficient's annualized ROC % for the quarter that ended in Dec. 2023 was -11.54%. Beneficient's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Beneficient's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4,343.35%.

Beneficient EBIT Historical Data

The historical data trend for Beneficient'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.

Beneficient EBIT Chart

Beneficient Annual Data
Trend Dec20 Dec21 Mar22 Mar23
EBIT
-14.86 -77.68 - -237.70

Beneficient Quarterly Data
Dec20 Mar21 Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -41.06 -44.90 -1,152.19 -376.65 -920.13

Competitive Comparison of Beneficient's EBIT

For the Asset Management subindustry, Beneficient'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.

Beneficient's EV-to-EBIT Distribution in the Asset Management Industry

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

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


Beneficient 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 $-2,493.86 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.

Beneficient  (NAS:BENF) EBIT Explanation

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

Beneficient'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 )
=-112.228 * ( 1 - -0.01% )/( (1455.547 + 489.456)/ 2 )
=-112.2392228/972.5015
=-11.54 %

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))
=1457.005 - 207.099 - ( 2.394 - max(0, 208.055 - 2.414+2.394))
=1455.547

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))
=500.563 - 224.391 - ( 11.248 - max(0, 224.552 - 11.268+11.248))
=489.456

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

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

Beneficient'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 )
=-3680.504/( ( (0 + max(-208.035, 0)) + (0 + max(-224.532, 0)) )/ 2 )
=-3680.504/( ( 0 + 0 )/ 2 )
=-3680.504/0
= %

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)
=(0 + 0 + 0.02) - (207.099 + 0 + 0.95600000000002)
=-208.035

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.020000000000001) - (224.391 + 0 + 0.161)
=-224.532

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-2493.862/57.418
=-4,343.35 %

* 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.

Beneficient EBIT Related Terms

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Beneficient (Beneficient) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Beneficient (NAS:BENF) » Definitions » EBIT
Comparable Companies
SAMG IHIT NPV OXSQ EOD IGI BSL PTMN MHI PCK BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
325 N. Saint Paul Street, Suite 4850, Dallas, TX, USA, 75201
Website
https://www.trustben.com
Beneficient is a technology-enabled financial services holding company that (together with its subsidiaries) provides simple, rapid, and cost-effective liquidity solutions to participants in the alternative asset industry through its end-to-end online platform, AltAccess. BCG's products and services are designed to meet the unmet needs of mid-to-high net-worth individual investors, small-to-midsize institutional investors, family offices, and fund general partners. Its bespoke liquidity solutions for otherwise illiquid alternative asset investments are delivered through proprietary technology and an innovative financing and trust structure. It has three reportable segments consisting of Ben Liquidity, Ben Custody and Customer ExAlt Trusts.
Executives
Gwg Wind Down Trust 10 percent owner PO BOX 61209, 700 SMITH ST., HOUSTON TX 77208-1209
Elizabeth C. Freeman 10 percent owner PO BOX 61209, 700 SMITH ST., HOUSTON TX 77208-1209
Derek L. Fletcher director, officer: See Remarks 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Gwg Life Usa, Llc 10 percent owner 325 NORTH ST. PAUL STREET, SUITE 2650, DALLAS TX 75201
Gregory W. Ezell officer: Chief Financial Officer 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Jeff Welday officer: See Remarks 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Maria S. Rutledge officer: Chief Technology Officer 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Scott W. Wilson officer: Chief Underwriting Officer 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Samuel Hikspoors officer: Chief Risk Officer 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Richard W Fisher director
James G. Silk director, officer: See Remarks 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Emily B. Hill director 325 N. ST. PAUL STREET, SUITE 4850, DALLAS TX 75201
Gwg Holdings, Inc. 10 percent owner 325 N. ST. PAUL STREET, SUITE 2650, DALLAS TX 75201
Cangany Peter T Jr director 220 SOUTH 6TH STREET, SUITE 1200, MINNEAPOLIS MN 55402
Brad K Heppner director, officer: See Remarks 325 N SAINT PAUL STREET, SUITE 1200, DALLAS TX 75201