Jade Art Group (Jade Art Group) EBIT : $12.46 Mil (TTM As of Sep. 2010)

View and export this data going back to 2007. Start your Free Trial

What is Jade Art Group EBIT?

Jade Art Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2010 was $0.55 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2010 was $12.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jade Art Group's annualized ROC % for the quarter that ended in Sep. 2010 was 1.25%. Jade Art Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2010 was 88.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jade Art Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2010 was 444.08%.

Jade Art Group EBIT Historical Data

The historical data trend for Jade Art Group'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.

Jade Art Group EBIT Chart

Jade Art Group Annual Data

Trend

Jul06

Jul07

Dec08

Dec09

EBIT

-0.01

-0.07

22.51

18.74

Jade Art Group Quarterly Data
	Oct06	Jan07	Apr07	Jul07	Oct07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
EBIT	Get a 7-Day Free Trial											8.65	5.76	4.48	1.68	0.55

Competitive Comparison of Jade Art Group's EBIT

For the Shell Companies subindustry, Jade Art Group'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.

Jade Art Group's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Jade Art Group 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.46 Mil.

Jade Art Group (OTCPK:JADA) EBIT Explanation

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

Jade Art Group's annualized ROC % for the quarter that ended in Sep. 2010 is calculated as:

	ROC % (Q: Sep. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2010 )	+	Invested Capital (Q: Sep. 2010 ))	/ count )
=	2.184 * ( 1 - 57.71% )	/	( (78.486	+	69.35)	/ 2 )
=	0.9236136	/	73.918
=	1.25 %

where

	Invested Capital		(Q: Jun. 2010 )
=	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	))
=	86.146	-	1.943	-	( 5.717	-	max(0, 1.943	-	12.362	+	5.717	))
=	78.486

	Invested Capital		(Q: Sep. 2010 )
=	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	))
=	87.558	-	1.937	-	( 16.271	-	max(0, 1.937	-	22.439	+	16.271	))
=	69.35

Note: The Operating Income data used here is four times the quarterly (Sep. 2010) data.

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

Jade Art Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2010		Q: Sep. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.184	/	( ( (0.004 + max(4.953, 0))	+	(0.004 + max(-1.683, 0)) )	/	2 )
=	2.184	/	( ( 4.957	+	0.004 )	/	2 )
=	2.184	/	2.4805
=	88.05 %

where Working Capital is:

	Working Capital		(Q: Jun. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.833	+	0	+	0.063000000000001)	-	(1.943	+	0	+	0)
=	4.953

	Working Capital		(Q: Sep. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.254)	-	(1.937	+	0	+	0)
=	-1.683

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2010) EBIT data.

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

Jade Art Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2010 )
	=	12.461	/	2.806
	=	444.08 %

Jade Art Group EBIT Related Terms

Thank you for viewing the detailed overview of Jade Art Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Jade Art Group (Jade Art Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jade Art Group Inc (OTCPK:JADA) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

1028 Highland Lakes Trace, Birmingham, AL, USA, 35242

Website

http://jadagrp.com

Jade Art Group Inc is a development stage company.

Executives

Hui Ping Cheng

director, officer: President

C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107

Jade Art Group (Jade Art Group) Headlines

From GuruFocus

Investment Analysis of Jade Art Group

By guruek Saj Karsan • 06-14-2010