American Metal & Technology (American Metal & Technology) EBIT : $0.42 Mil (TTM As of Sep. 2010)

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

What is American Metal & Technology EBIT?

American Metal & Technology's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2010 was $0.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2010 was $0.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Metal & Technology's annualized ROC % for the quarter that ended in Sep. 2010 was 13.29%. American Metal & Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2010 was 21.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

American Metal & Technology EBIT Historical Data

The historical data trend for American Metal & Technology'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.

American Metal & Technology EBIT Chart

American Metal & Technology Annual Data

Trend

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul06

Dec07

Dec08

Dec09

EBIT

Get a 7-Day Free Trial

-0.12

1.65

2.06

3.80

-0.97

American Metal & Technology Quarterly Data
	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
EBIT	Get a 7-Day Free Trial															-0.32	-0.43	-0.06	0.44	0.48

Competitive Comparison of American Metal & Technology's EBIT

For the Metal Fabrication subindustry, American Metal & Technology'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.

American Metal & Technology's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, American Metal & Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where American Metal & Technology's EV-to-EBIT falls into.

American Metal & Technology 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 Sep. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.42 Mil.

American Metal & Technology (OTCPK:AMGY) EBIT Explanation

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

American Metal & Technology's annualized ROC % for the quarter that ended in Sep. 2010 is calculated as:

	ROC % (Q: Sep. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2010 )	+	Invested Capital (Q: Sep. 2010 ))	/ count )
=	1.904 * ( 1 - 15.2% )	/	( (11.414	+	12.877)	/ 2 )
=	1.614592	/	12.1455
=	13.29 %

where

	Invested Capital		(Q: Jun. 2010 )
=	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	))
=	18.712	-	1.673	-	( 5.625	-	max(0, 1.708	-	10.615	+	5.625	))
=	11.414

	Invested Capital		(Q: Sep. 2010 )
=	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	))
=	19.955	-	2.233	-	( 4.845	-	max(0, 2.252	-	11.849	+	4.845	))
=	12.877

Note: The Operating Income data used here is four times the quarterly (Sep. 2010) data.

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

American Metal & Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2010		Q: Sep. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.904	/	( ( (7.504 + max(1.322, 0))	+	(7.508 + max(1.19, 0)) )	/	2 )
=	1.904	/	( ( 8.826	+	8.698 )	/	2 )
=	1.904	/	8.762
=	21.73 %

where Working Capital is:

	Working Capital		(Q: Jun. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.701	+	2.194	+	0.135)	-	(1.673	+	0.035	+	0)
=	1.322

	Working Capital		(Q: Sep. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.846	+	2.485	+	0.111)	-	(2.233	+	0.019	+	-4.4408920985006E-16)
=	1.19

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2010) EBIT data.

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

American Metal & Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2010 )
	=	0.422	/	0.000
	=	%

American Metal & Technology EBIT Related Terms

Thank you for viewing the detailed overview of American Metal & Technology's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

American Metal & Technology (American Metal & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » American Metal & Technology Inc (OTCPK:AMGY) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 11 Shi Xing Street, Badachu Hi-Tech Zone, Shijingshan District, Beijing, CHN, 100041

Website

http://www.amtg-usa.com

American Metal & Technology Inc through its subsidiaries is engaged in precision casting, machining, mold design and manufacturing in the People's Republic of China. It manufacture investment casting and machined products, including valves, pipe fittings, dispensers, machinery spare parts, water treatment parts, automotive and airplane accessories, electronic circuit boards for home appliances and motion controllers, and other equipment parts.

American Metal & Technology (American Metal & Technology) Headlines

No Headlines