Asiainfo-Linkage, (FRA:AFB) EBIT : €-195.9 Mil (TTM As of Sep. 2013)

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What is Asiainfo-Linkage, EBIT?

Asiainfo-Linkage,'s earnings before interest and taxes (EBIT) for the three months ended in Sep. 2013 was €5.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was €-195.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asiainfo-Linkage,'s annualized ROC % for the quarter that ended in Sep. 2013 was 4.00%. Asiainfo-Linkage,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was 13.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asiainfo-Linkage,'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -31.05%.

Asiainfo-Linkage, EBIT Historical Data

The historical data trend for Asiainfo-Linkage,'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.

Asiainfo-Linkage, EBIT Chart

Asiainfo-Linkage, Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

EBIT

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14.28

23.86

45.44

42.24

16.56

Asiainfo-Linkage, Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
EBIT	Get a 7-Day Free Trial															1.71	11.47	2.27	-214.77	5.16

Competitive Comparison of Asiainfo-Linkage,'s EBIT

For the Software - Application subindustry, Asiainfo-Linkage,'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.

Asiainfo-Linkage,'s EV-to-EBIT Distribution in the Software Industry

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

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

Asiainfo-Linkage, 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-195.9 Mil.

Asiainfo-Linkage, (FRA:AFB) EBIT Explanation

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

Asiainfo-Linkage,'s annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

	ROC % (Q: Sep. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Sep. 2013 ))	/ count )
=	20.648 * ( 1 - 24.95% )	/	( (399.585	+	375.859)	/ 2 )
=	15.496324	/	387.722
=	4.00 %

where

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	780.546	-	159.637	-	( 221.324	-	max(0, 189.436	-	554.845	+	221.324	))
=	399.585

	Invested Capital		(Q: Sep. 2013 )
=	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	))
=	772.463	-	156.36	-	( 240.244	-	max(0, 179.551	-	550.333	+	240.244	))
=	375.859

Note: The Operating Income data used here is four times the quarterly (Sep. 2013) data.

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

Asiainfo-Linkage,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Sep. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	20.648	/	( ( (18.765 + max(137.441, 0))	+	(22.839 + max(122.785, 0)) )	/	2 )
=	20.648	/	( ( 156.206	+	145.624 )	/	2 )
=	20.648	/	150.915
=	13.68 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(259.131	+	23.953	+	43.793)	-	(159.637	+	29.799	+	0)
=	137.441

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(242.514	+	18.155	+	41.667)	-	(156.36	+	23.191	+	-2.8421709430404E-14)
=	122.785

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

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

Asiainfo-Linkage,'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2013 )
	=	-195.872	/	630.812
	=	-31.05 %

Asiainfo-Linkage, EBIT Related Terms

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Asiainfo-Linkage, (FRA:AFB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asiainfo-Linkage, Inc. (FRA:AFB) » Definitions » EBIT

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Address

Website

http://www.asiainfo-linkage.com

Asiainfo-Linkage, Inc, a Delaware corporation, commenced operations in the United States in 1993. The Company is a provider of telecommunications software solutions and information technology, or IT, related services in China. It also provides variety of services including business operational consulting service, IT architecture planning service, system integration services based on its own products and other third party software and hardware, change of request implementation, maintenance on customer premise and management services. The Company's suite of innovative solutions includes business and operation support systems, network infrastructure solutions, and service application solutions. The products and services it offers to the telecommunications industry include various software product suites, most of which are designed with open architecture to facilitate further development and customization for specific purposes. The Company's core BSS/OSS offering primarily includes convergent billing solutions, CRM and BI systems. It also provides software enhancement and maintenance services for the systems it develop, as well as system integration and other value-added IT consulting and planning services. Its OSS Package is a highly comprehensive and intelligent service fulfilment framework based on OSS fulfilment domain definition in eTOM model and OSS specifications of telecom operators. In OSS Package, process analysis methodology and project implementation methodology enables a rapid implementation of telecom service fulfilment system. It provides process analysis methodology, project implementation methodology, inventory data model, interface integration framework and built-in inventory management templates. Its network management solutions include network access and backbone infrastructure planning, design and implementation for telecommunications and Internet service providers. These services include technical training for its customers, as well as professional maintenance and support services. The Company designs and provides a series of service applications that enable telecommunications operators and service providers to offer value-added services, such as Short Message Service, or SMS, mobile email, mobile entertainment and mobile e-commerce. These applications often involve licensed third-party software that it's customizes or integrate with its proprietary software to provide individualized solutions. The Company's software and services enable its customers to build, maintain, operate, manage and improve their communications infrastructure. Its largest customers are the major telecommunications carriers in China and their provincial subsidiaries, including China Mobile Communications Corporation, or China Mobile, China United Telecommunications Corporation, or China Unicom, and China Telecommunications Corporation, or China Telecom. The Company relies on its own sales force to market and sell its products and services