Earthworks Entertainment (Earthworks Entertainment) EBIT : $-1.68 Mil (TTM As of Jun. 2006)

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What is Earthworks Entertainment EBIT?

Earthworks Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2006 was $-0.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2006 was $-1.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Earthworks Entertainment's annualized ROC % for the quarter that ended in Jun. 2006 was -29.86%. Earthworks Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2006 was %.

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

Earthworks Entertainment EBIT Historical Data

The historical data trend for Earthworks Entertainment'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.

Earthworks Entertainment EBIT Chart

Earthworks Entertainment Annual Data

Trend

Sep96

Sep97

Sep98

Sep99

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

EBIT

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-2.42

-1.53

-0.70

-1.40

-1.69

Earthworks Entertainment Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
EBIT	Get a 7-Day Free Trial															-0.37	-0.66	-0.41	-0.36	-0.25

Competitive Comparison of Earthworks Entertainment's EBIT

For the Entertainment subindustry, Earthworks Entertainment'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.

Earthworks Entertainment's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Earthworks Entertainment's EV-to-EBIT distribution charts can be found below:

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

Earthworks Entertainment 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. 2006 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.68 Mil.

Earthworks Entertainment (OTCPK:EWKS) EBIT Explanation

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

Earthworks Entertainment's annualized ROC % for the quarter that ended in Jun. 2006 is calculated as:

	ROC % (Q: Jun. 2006 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2006 )	+	Invested Capital (Q: Jun. 2006 ))	/ count )
=	-0.988 * ( 1 - 0% )	/	( (3.282	+	3.336)	/ 2 )
=	-0.988	/	3.309
=	-29.86 %

where

	Invested Capital		(Q: Mar. 2006 )
=	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	))
=	1.794	-	0.761	-	( 0.003	-	max(0, 2.291	-	0.042	+	0.003	))
=	3.282

	Invested Capital		(Q: Jun. 2006 )
=	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	))
=	1.777	-	0.978	-	( 0.001	-	max(0, 2.562	-	0.025	+	0.001	))
=	3.336

Note: The Operating Income data used here is four times the quarterly (Jun. 2006) data.

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

Earthworks Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2006 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2006 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2006		Q: Jun. 2006
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.988	/	( ( (0 + max(-0.744, 0))	+	(0 + max(-0.992, 0)) )	/	2 )
=	-0.988	/	( ( 0	+	0 )	/	2 )
=	-0.988	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2006 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.039)	-	(0.761	+	0.023	+	-0.0010000000000003)
=	-0.744

	Working Capital		(Q: Jun. 2006 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.024)	-	(0.978	+	0.038	+	0)
=	-0.992

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2006) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2006 )
	=	-1.675	/	0.000
	=	%

Earthworks Entertainment EBIT Related Terms

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Earthworks Entertainment (Earthworks Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Earthworks Entertainment Inc (OTCPK:EWKS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

14001 North Dallas Parkway, Suite 1200, Dallas, TX, USA, 75420

Website

Earthworks Entertainment Inc is engaged in investments and acquisitions in entertainment segments including, animation, direct response marketing, radio networks and mixed martial arts social networks.

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