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Averox (Averox) EBIT : $-0.02 Mil (TTM As of Jun. 2009)


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What is Averox EBIT?

Averox's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2009 was $-0.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2009 was $-0.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Averox's annualized ROC % for the quarter that ended in Jun. 2009 was -27.45%. Averox's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2009 was -54.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Averox's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2009 was -3.00%.


Averox EBIT Historical Data

The historical data trend for Averox'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.

Averox EBIT Chart

Averox Annual Data
Trend Dec03 Dec04 Dec05 Jun07 Jun08
EBIT
- - -0.01 -0.52 -1.83

Averox Quarterly Data
Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 -0.23 -0.08 0.16 -0.08 -0.01

Competitive Comparison of Averox's EBIT

For the Software - Application subindustry, Averox'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.


Averox's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Averox's EV-to-EBIT distribution charts can be found below:

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



Averox 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 Jun. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 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.


Averox  (OTCPK:AVRI) EBIT Explanation

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

Averox's annualized ROC % for the quarter that ended in Jun. 2009 is calculated as:

ROC % (Q: Jun. 2009 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2009 ) + Invested Capital (Q: Jun. 2009 ))/ count )
=4.536 * ( 1 - 107.14% )/( (1.242 + 1.118)/ 2 )
=-0.3238704/1.18
=-27.45 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2009 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2009  Q: Jun. 2009
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.056/( ( (0.094 + max(-1.056, 0)) + (0.112 + max(-0.96, 0)) )/ 2 )
=-0.056/( ( 0.094 + 0.112 )/ 2 )
=-0.056/0.103
=-54.37 %

where Working Capital is:

Working Capital(Q: Mar. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.447 + 0 + 0.075) - (1.307 + 0.175 + 0.096)
=-1.056

Working Capital(Q: Jun. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.393 + 0 + 0.056) - (1.227 + 0.179 + 0.0029999999999999)
=-0.96

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2009 )
=-0.021/0.700
=-3.00 %

* 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.


Averox EBIT Related Terms

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Averox (Averox) Business Description

Traded in Other Exchanges
N/A
Address
13784 Graber Avenue, Sylmar, CA, USA, 91342
Averox Inc started as a software company writing programs useful to small and large businesses. The current business plan is to merge with a private company, possibly a manufacturer of surgical instruments.

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