Avatar Ventures (Avatar Ventures) EBIT : $-0.35 Mil (TTM As of Apr. 2012)

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What is Avatar Ventures EBIT?

Avatar Ventures's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2012 was $-0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2012 was $-0.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avatar Ventures's annualized ROC % for the quarter that ended in Apr. 2012 was -6.67%. Avatar Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2012 was %.

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

Avatar Ventures EBIT Historical Data

The historical data trend for Avatar Ventures'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.

Avatar Ventures EBIT Chart

Avatar Ventures Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

EBIT

-0.04

-0.01

-0.22

Avatar Ventures Quarterly Data
	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12
EBIT	Get a 7-Day Free Trial														-	-0.22	-0.08	-0.05	-

Competitive Comparison of Avatar Ventures's EBIT

For the Auto Parts subindustry, Avatar Ventures'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.

Avatar Ventures's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Avatar Ventures's EV-to-EBIT distribution charts can be found below:

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

Avatar Ventures 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 Apr. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.35 Mil.

Avatar Ventures (GREY:ATAR) EBIT Explanation

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

Avatar Ventures's annualized ROC % for the quarter that ended in Apr. 2012 is calculated as:

	ROC % (Q: Apr. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2012 )	+	Invested Capital (Q: Apr. 2012 ))	/ count )
=	-0.012 * ( 1 - 0% )	/	( (0.18	+	0.18)	/ 2 )
=	-0.012	/	0.18
=	-6.67 %

where

	Invested Capital		(Q: Jan. 2012 )
=	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	))
=	0.242	-	0.06	-	( 0.002	-	max(0, 0.06	-	0.134	+	0.002	))
=	0.18

	Invested Capital		(Q: Apr. 2012 )
=	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	))
=	0.241	-	0.061	-	( 0	-	max(0, 0.061	-	0.07	+	0	))
=	0.18

Note: The Operating Income data used here is four times the quarterly (Apr. 2012) data.

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

Avatar Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2012		Q: Apr. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.012	/	( ( (0 + max(-0.06, 0))	+	(0 + max(-0.061, 0)) )	/	2 )
=	-0.012	/	( ( 0	+	0 )	/	2 )
=	-0.012	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jan. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.06	+	0	+	0)
=	-0.06

	Working Capital		(Q: Apr. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.061	+	0	+	0)
=	-0.061

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2012 )
	=	-0.345	/	0.000
	=	%

Avatar Ventures EBIT Related Terms

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Avatar Ventures (Avatar Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Avatar Ventures Corp (GREY:ATAR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

27281 Las Ramblas, Suite 200, Mission Viejo, CA, USA, 92691

Website

http://www.avatarventurescorp.com

Avatar Ventures Corp intends to be a developer of aftermarket electronic accessories for consumer motor vehicles.

Avatar Ventures (Avatar Ventures) Headlines

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