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Manaris 2010 (Manaris 2010) EBIT : $-5.79 Mil (TTM As of Mar. 2009)


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What is Manaris 2010 EBIT?

Manaris 2010's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2009 was $-0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2009 was $-5.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Manaris 2010's annualized ROC % for the quarter that ended in Mar. 2009 was -6.22%. Manaris 2010's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2009 was -37.19%.

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


Manaris 2010 EBIT Historical Data

The historical data trend for Manaris 2010'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.

Manaris 2010 EBIT Chart

Manaris 2010 Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08
EBIT
Get a 7-Day Free Trial -3.14 -4.62 -7.63 -2.36 -2.76

Manaris 2010 Quarterly Data
Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
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 -0.54 -0.77 -0.64 -4.15 -0.23

Competitive Comparison of Manaris 2010's EBIT

For the Shell Companies subindustry, Manaris 2010'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.


Manaris 2010's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Manaris 2010's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Manaris 2010's EV-to-EBIT falls into.



Manaris 2010 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 Mar. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.79 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.


Manaris 2010  (OTCPK:AVNY) EBIT Explanation

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

Manaris 2010's annualized ROC % for the quarter that ended in Mar. 2009 is calculated as:

ROC % (Q: Mar. 2009 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2008 ) + Invested Capital (Q: Mar. 2009 ))/ count )
=-1.34 * ( 1 - 59.48% )/( (8.519 + 8.927)/ 2 )
=-0.542968/8.723
=-6.22 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2009) data.

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

Manaris 2010's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2009 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2009 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2008  Q: Mar. 2009
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.912/( ( (1.905 + max(-1.914, 0)) + (1.76 + max(1.239, 0)) )/ 2 )
=-0.912/( ( 1.905 + 2.999 )/ 2 )
=-0.912/2.452
=-37.19 %

where Working Capital is:

Working Capital(Q: Dec. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.36 + 2.311 + 0.184) - (5.72 + 0 + 3.049)
=-1.914

Working Capital(Q: Mar. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.819 + 2.139 + 0.136) - (4.482 + 0.227 + 0.146)
=1.239

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2009) EBIT data.

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

Manaris 2010's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2009 )
=-5.788/0.000
= %

* 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.


Manaris 2010 EBIT Related Terms

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Manaris 2010 (Manaris 2010) Business Description

Traded in Other Exchanges
N/A
Address
400 Montpellier Boulevard, Montreal, QC, CAN, H4N 2G7
Website
Manaris 2010 Corp is a shell company with no operations.
Executives
Cherry Lim director 740, ST-MAURICE STREET, SUITE 102, MONTREAL A8 H3C 1L5

Manaris 2010 (Manaris 2010) Headlines

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