Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) EBIT : $-10.89 Mil (TTM As of Sep. 2015)

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

What is Global-Tech Advanced Innovations EBIT?

Global-Tech Advanced Innovations's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2015 was $-5.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $-10.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global-Tech Advanced Innovations's annualized ROC % for the quarter that ended in Sep. 2015 was -24.68%. Global-Tech Advanced Innovations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -29.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Global-Tech Advanced Innovations's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -40.65%.

Global-Tech Advanced Innovations EBIT Historical Data

The historical data trend for Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations EBIT Chart

Global-Tech Advanced Innovations Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

EBIT

Get a 7-Day Free Trial

-3.11

0.06

-2.41

-8.45

-9.27

Global-Tech Advanced Innovations Semi-Annual Data
	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Mar09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15
EBIT	Get a 7-Day Free Trial															-3.92	-4.54	-3.85	-5.42	-5.47

Competitive Comparison of Global-Tech Advanced Innovations's EBIT

For the Semiconductor Equipment & Materials subindustry, Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Global-Tech Advanced Innovations's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Global-Tech Advanced Innovations's EV-to-EBIT falls into.

Global-Tech Advanced Innovations 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-10.89 Mil.

Global-Tech Advanced Innovations (NAS:GAI) EBIT Explanation

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

Global-Tech Advanced Innovations's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	-10.94 * ( 1 - 0.12% )	/	( (52.843	+	35.706)	/ 2 )
=	-10.926872	/	44.2745
=	-24.68 %

where

	Invested Capital		(Q: Mar. 2015 )
=	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	))
=	94.984	-	27.639	-	( 14.502	-	max(0, 35.671	-	67.779	+	14.502	))
=	52.843

	Invested Capital		(Q: Sep. 2015 )
=	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	))
=	97.203	-	32.828	-	( 28.669	-	max(0, 42.047	-	72.295	+	28.669	))
=	35.706

Note: The Operating Income data used here is two times the semi-annual (Sep. 2015) data.

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

Global-Tech Advanced Innovations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-10.94	/	( ( (24.175 + max(19.008, 0))	+	(22.051 + max(9.284, 0)) )	/	2 )
=	-10.94	/	( ( 43.183	+	31.335 )	/	2 )
=	-10.94	/	37.259
=	-29.36 %

where Working Capital is:

	Working Capital		(Q: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.131	+	6.419	+	26.349)	-	(27.639	+	1.252	+	0)
=	19.008

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.683	+	6.697	+	10.231)	-	(32.828	+	1.499	+	-7.105427357601E-15)
=	9.284

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2015) EBIT data.

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

Global-Tech Advanced Innovations's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2015 )
	=	-10.889	/	26.790
	=	-40.65 %

Global-Tech Advanced Innovations EBIT Related Terms

Thank you for viewing the detailed overview of Global-Tech Advanced Innovations's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global-Tech Advanced Innovations Inc (NAS:GAI) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.global-webpage.com

Global-Tech Advanced Innovations Inc was organized as an international business company under the laws of the British Virgin Islands on May 2, 1991 and became a publicly traded entity on April 7, 1998. The Company was an exporter of small electrical appliances to North American and European markets. The Company produces complementary metal oxide semiconductor camera modules for sale to cellular phone manufacturers. The Company also comprises immaterial product lines and development programs. It continues to acquire new technologies in an effort to expand its capabilities in manufacturing finished products and components. Its patents are registered in various jurisdictions, including the United States, the United Kingdom, China and France. It competes with established companies in Hong Kong and China, a number of which have substantially greater technical, financial and marketing resources. Competition for contract manufacturing products is based on unit price, product quality and availability and service. Its operations and assets in China are subject to significant political, economic, legal and other uncertainties.

Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Headlines

No Headlines