Noble Investments (UK) (LSE:NBL) EBIT : £2.16 Mil (TTM As of Feb. 2013)

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What is Noble Investments (UK) EBIT?

Noble Investments (UK)'s earnings before interest and taxes (EBIT) for the six months ended in Feb. 2013 was £0.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2013 was £2.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Noble Investments (UK)'s annualized ROC % for the quarter that ended in Feb. 2013 was 5.90%. Noble Investments (UK)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2013 was 16.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Noble Investments (UK)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2013 was 5.10%.

Noble Investments (UK) EBIT Historical Data

The historical data trend for Noble Investments (UK)'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.

Noble Investments (UK) EBIT Chart

Noble Investments (UK) Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

EBIT

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1.68

1.95

2.17

2.99

3.68

Noble Investments (UK) Semi-Annual Data
	Aug03	Feb04	Aug04	Feb05	Aug05	Feb06	Aug06	Feb07	Aug07	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13
EBIT	Get a 7-Day Free Trial															1.52	1.48	2.42	1.27	0.89

Competitive Comparison of Noble Investments (UK)'s EBIT

For the Specialty Business Services subindustry, Noble Investments (UK)'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.

Noble Investments (UK)'s EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Noble Investments (UK)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Noble Investments (UK)'s EV-to-EBIT falls into.

Noble Investments (UK) 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 Feb. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was £2.16 Mil.

Noble Investments (UK) (LSE:NBL) EBIT Explanation

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

Noble Investments (UK)'s annualized ROC % for the quarter that ended in Feb. 2013 is calculated as:

	ROC % (Q: Feb. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2012 )	+	Invested Capital (Q: Feb. 2013 ))	/ count )
=	1.784 * ( 1 - 40.28% )	/	( (15.899	+	20.207)	/ 2 )
=	1.0654048	/	18.053
=	5.90 %

where

	Invested Capital		(Q: Aug. 2012 )
=	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	))
=	21.321	-	3.176	-	( 2.246	-	max(0, 3.484	-	17.026	+	2.246	))
=	15.899

	Invested Capital		(Q: Feb. 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	))
=	32.554	-	8.176	-	( 4.171	-	max(0, 9.747	-	20.336	+	4.171	))
=	20.207

Note: The Operating Income data used here is two times the semi-annual (Feb. 2013) data.

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

Noble Investments (UK)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2012		Q: Feb. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.784	/	( ( (1.894 + max(11.296, 0))	+	(2.223 + max(6.596, 0)) )	/	2 )
=	1.784	/	( ( 13.19	+	8.819 )	/	2 )
=	1.784	/	11.0045
=	16.21 %

where Working Capital is:

	Working Capital		(Q: Aug. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.095	+	9.645	+	2.04)	-	(3.176	+	0	+	0.308)
=	11.296

	Working Capital		(Q: Feb. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	10.243	+	5.922)	-	(8.176	+	0	+	1.393)
=	6.596

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2013) EBIT data.

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

Noble Investments (UK)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2013 )
	=	2.159	/	42.353
	=	5.10 %

Noble Investments (UK) EBIT Related Terms

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Noble Investments (UK) (LSE:NBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Noble Investments (UK) PLC (LSE:NBL) » Definitions » EBIT

Comparable Companies

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Address

Website

http://www.nobleinvestmentsplc.com

Noble Investments (UK) PLC is engaged in collectibles retail trading and auctions, including rare coins, stamps, tokens, medals and banknotes. Its two segments are Retail trading and related; and Auctions, commissions and fees. Its provides personalized consultancy services to collectors and dealers in English, Ancient and Foreign coins, Commemorative medals and World tokens, Numismatic and Philatelic Books, Banknotes and Paper Ephemera, Military orders and decorations, and World stamps. It operates under Baldwins's and Apex brands. The group has operations in United Kingdom, North America, Europe, and in other part of the world.