Premier Exhibitions (Premier Exhibitions) EBIT : $-12.79 Mil (TTM As of Aug. 2015)

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What is Premier Exhibitions EBIT?

Premier Exhibitions's earnings before interest and taxes (EBIT) for the three months ended in Aug. 2015 was $-3.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2015 was $-12.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Premier Exhibitions's annualized ROC % for the quarter that ended in Aug. 2015 was -27.29%. Premier Exhibitions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2015 was -57.41%.

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

Premier Exhibitions EBIT Historical Data

The historical data trend for Premier Exhibitions'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.

Premier Exhibitions EBIT Chart

Premier Exhibitions Annual Data

Trend

Feb06

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

EBIT

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-12.98

-5.81

2.83

-0.60

-10.78

Premier Exhibitions Quarterly Data
	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15
EBIT	Get a 7-Day Free Trial															-1.84	-2.07	-5.54	-2.17	-3.02

Competitive Comparison of Premier Exhibitions's EBIT

For the Leisure subindustry, Premier Exhibitions'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.

Premier Exhibitions's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Premier Exhibitions's EV-to-EBIT distribution charts can be found below:

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

Premier Exhibitions 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 Aug. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.79 Mil.

Premier Exhibitions (OTCPK:PRXIQ) EBIT Explanation

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

Premier Exhibitions's annualized ROC % for the quarter that ended in Aug. 2015 is calculated as:

	ROC % (Q: Aug. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2015 )	+	Invested Capital (Q: Aug. 2015 ))	/ count )
=	-12.196 * ( 1 - 0% )	/	( (44.661	+	44.714)	/ 2 )
=	-12.196	/	44.6875
=	-27.29 %

where

	Invested Capital		(Q: May. 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	))
=	38.419	-	6.419	-	( 1.589	-	max(0, 20.783	-	8.122	+	1.589	))
=	44.661

	Invested Capital		(Q: Aug. 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	))
=	35.899	-	6.082	-	( 1.606	-	max(0, 21.914	-	7.017	+	1.606	))
=	44.714

Note: The Operating Income data used here is four times the quarterly (Aug. 2015) data.

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

Premier Exhibitions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2015		Q: Aug. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-12.064	/	( ( (20.93 + max(-2.534, 0))	+	(21.096 + max(-2.754, 0)) )	/	2 )
=	-12.064	/	( ( 20.93	+	21.096 )	/	2 )
=	-12.064	/	21.013
=	-57.41 %

where Working Capital is:

	Working Capital		(Q: May. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.669	+	1.101	+	3.714)	-	(6.419	+	2.599	+	0)
=	-2.534

	Working Capital		(Q: Aug. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.886	+	0.997	+	3.519)	-	(6.082	+	2.074	+	0)
=	-2.754

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2015 )
	=	-12.793	/	0.000
	=	%

Premier Exhibitions EBIT Related Terms

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Premier Exhibitions (Premier Exhibitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Premier Exhibitions Inc (OTCPK:PRXIQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3045 Kingston Court, Suite I, Peachtree Corners, GA, USA, 30071

Website

http://www.prxi.com

Premier Exhibitions Inc is engaged in providing leisure services. It develops and sets up tourism-related exhibitions for the purpose of education and entertainment. The company's exhibitions present opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Its exhibitions are presented in museums, exhibition centers, and other entertainment venues. The company's services include content development, exhibit design, brand development, space planning and detailed fabrication drawings. It also offers merchandising services.

Executives

Alta Fundamental Advisers Llc	10 percent owner	1500 BROADWAY, SUITE 704, NEW YORK NY 10036
Sellers Capital Llc	other: See Remarks	311 S WACKER DR STE 925 CHICAGO IL 60606
Sellers Capital Master Fund, Ltd.	other: See Remarks	C/O M&C CORPORATE SERVICES, UGLAND HOUSE S. CHURCH ST, PO BOX 309 GT GEORGE TOWN, GRAND CAYMAN E9 CAYMAN
Mark A Sellers	other: See Remarks	SELLERS CAPITAL 161 N CLARK ST STE 4700 CHICAGO IL 60601
Mingcheng Tao	director	3340 PEACHTREE ROAD NE, SUITE 900, ATLANTA GA 30326
Jack H Jacobs	director	101 OAKS ROAD, MILLINGTON NJ 07946
Richard Kraniak	director
Mark Mcgowan	director	C/O COMBIMATRIX CORPORATION, 6500 HARBOUR HEIGHTS PARKWAY, SUITE 303, MUKILTEO WA 98275
Bruce David Eskowitz	director, officer: President and CEO	202 N. CRESCENT DRIVE #1, BEVERLY HILLS CA 96210
Joseph B Marsh	10 percent owner	605 SURFSIDE DRIVE AKRON OH 44317