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Financial Gravity (Financial Gravity) EBIT : $-0.03 Mil (TTM As of Jun. 2023)


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What is Financial Gravity EBIT?

Financial Gravity's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Financial Gravity's annualized ROC % for the quarter that ended in Jun. 2023 was -7.83%. Financial Gravity's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -205.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Financial Gravity's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -0.07%.


Financial Gravity EBIT Historical Data

The historical data trend for Financial Gravity'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.

Financial Gravity EBIT Chart

Financial Gravity Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.41 -0.48 -0.78 -7.42 -0.25

Financial Gravity Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
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 -0.40 0.05 0.17 -0.13 -0.07

Competitive Comparison of Financial Gravity's EBIT

For the Financial Conglomerates subindustry, Financial Gravity'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.


Financial Gravity's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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



Financial Gravity 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 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.


Financial Gravity  (OTCPK:FGCO) EBIT Explanation

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

Financial Gravity's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-0.284 * ( 1 - 0% )/( (3.728 + 3.527)/ 2 )
=-0.284/3.6275
=-7.83 %

where

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

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

Financial Gravity's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.284/( ( (0.161 + max(-1.252, 0)) + (0.115 + max(-1.095, 0)) )/ 2 )
=-0.284/( ( 0.161 + 0.115 )/ 2 )
=-0.284/0.138
=-205.80 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.233 + 0 + 0.066) - (1.373 + 0.093 + 0.085)
=-1.252

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.03) - (1.125 + 0 + 0)
=-1.095

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-0.03/45.885
=-0.07 %

* 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.


Financial Gravity EBIT Related Terms

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Financial Gravity (Financial Gravity) Business Description

Traded in Other Exchanges
N/A
Address
2501 Ranch Road 620 South, Suite 110, Lakeway, TX, USA, 78734
Financial Gravity Companies Inc through its subsidiaries helps investment advisors and tax professionals expand their businesses by adding additional services, including their own multi-family office. Financial services professionals are able to leverage Financial Gravity systems, technology, proprietary resources, and deep domain expertise to provide a comprehensive financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. The company's operating segments include FGCO; Forta; FGAM; FGFOS; FGIS; FGEM; and TMN.
Executives
Mark John Williams director 26420 VIA MALLORCA, CARMEL CA 93923
William Robert Nelson director 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Gary Joel Nemer director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Jennifer Winters director 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Scott Christopher Winters director, officer: CEO, Co-Chairman of the Board 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Paul O Williams director, officer: Chief Financial Officer 800 N. WATTERS ROAD. SUITE 120, ALLEN TX 75013
Debra Lynn Buckner officer: Chief Operating Officer 8505 S. COUNTRY CLUB DRIVE, OKLAHOMA CITY OK 73159
David W. Myers director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Todd Bourgeois director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Michael Lin Ashby director 800 N. WATTERS RD., SUITE 150, ALLEN TX 75013
John David Pollock director, 10 percent owner, officer: CEO 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
Ricky J Johnson officer: Chief Operating Officer 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
George E Crumley director 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
James F. Reggio officer: CTO and Chief Mktg Officer 3607 POLO RUN DR., FLOWER MOUND TX 75028
Arthur David Crowley director, officer: Pres. and Ch. Strategy Officer 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013