Furmanite (Furmanite) EBIT : $18.1 Mil (TTM As of Sep. 2015)

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What is Furmanite EBIT?

Furmanite's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2015 was $3.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $18.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Furmanite's annualized ROC % for the quarter that ended in Sep. 2015 was 3.29%. Furmanite's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 7.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Furmanite's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 8.52%.

Furmanite EBIT Historical Data

The historical data trend for Furmanite'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.

Furmanite EBIT Chart

Furmanite Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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14.21

20.33

7.28

24.80

20.69

Furmanite Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
EBIT	Get a 7-Day Free Trial															2.63	6.70	2.33	5.77	3.28

Competitive Comparison of Furmanite's EBIT

For the Engineering & Construction subindustry, Furmanite'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.

Furmanite's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Furmanite's EV-to-EBIT distribution charts can be found below:

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

Furmanite 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $18.1 Mil.

Furmanite (NYSE:FRM) EBIT Explanation

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

Furmanite's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	12.544 * ( 1 - 48.28% )	/	( (199.769	+	194.154)	/ 2 )
=	6.4877568	/	196.9615
=	3.29 %

where

	Invested Capital		(Q: Jun. 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	))
=	296.887	-	57.949	-	( 39.169	-	max(0, 58.775	-	218.428	+	39.169	))
=	199.769

	Invested Capital		(Q: Sep. 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	))
=	284.444	-	43.16	-	( 47.13	-	max(0, 48.434	-	208.311	+	47.13	))
=	194.154

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.128	/	( ( (50.277 + max(120.577, 0))	+	(49.748 + max(113.04, 0)) )	/	2 )
=	13.128	/	( ( 170.854	+	162.788 )	/	2 )
=	13.128	/	166.821
=	7.87 %

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(121.118	+	41.84	+	16.301)	-	(57.949	+	0.733	+	0)
=	120.577

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(98.427	+	43.728	+	19.026)	-	(43.16	+	0.739	+	4.242)
=	113.04

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2015 )
	=	18.075	/	212.090
	=	8.52 %

Furmanite EBIT Related Terms

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Furmanite (Furmanite) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Furmanite Corp (NYSE:FRM) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.furmanite.com

Furmanite Corp was incorporated in Delaware on January 23, 1953. It provides specialized technical services. The Company together with its subsidiaries conducts business under two operating segments; Technical Services and Engineering & Project Solutions. Technical Services provides specialized technical services, including on-line, off-line and other services. On-line services include leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and certain non-destructive testing and inspection services, while off-line services include on-site machining, heat treatment, bolting, valve repair and other non-destructive testing and inspection services. Other services include smart shim services, concrete repair, engineering services, valves and other products and manufacturing. These services and products are provided mainly to electric power generating plants, the petroleum industry, which includes refineries and off-shore drilling rigs, chemical plants and other process industries in the Americas, EMEA and Asia-Pacific through a wholly owned subsidiary of the Parent Company, Furmanite Worldwide, Inc. and its domestic and international subsidiaries and affiliates. The Engineering & Project Solutions operating segment, which includes Furmanite Technical Solutions, provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management services, as well as certain other inspection and project management services. Customers include refining and petrochemical operators as well as maintenance, and engineering and construction contractors servicing the downstream and midstream oil and gas markets, all of which are in the Americas. The Company currently operates over 30 offices in the United States. The Company competes against large and well established national and international companies as well as regional and local companies. It also competes with the in-house maintenance departments of customers or potential customers. Many aspects of the Company's operations are subject to governmental regulation.

Executives

William Fry	officer: General Counsel and Secretary	10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042
Kevin R Jost	director	10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042
Jeffery Gerald Davis	director, officer: Interim President & CEO	PO BOX 336, BURTON TX 77835
Sangwoo Ahn	director	10370 RICHMOND AVENUE SUITE 600, HOUSTON TX 77042
John J Mannion	officer: Treasurer	1900 WEST LOOP SOUTH-SUITE 1500, HOUSTON TX 77027
Miguel A. Desdin	officer: Senior Vice President	C/O FURMANITE CORPORATION, 2435 N CENTRAL EXPRESSWAY #700, RICHARDSON TX 75080
Frank M Burke	director	2435 N CENTRAL EXPRESSWAY, STE 700, RICHARDSON TX 75080

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