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Octopus Eclipse VCT 2 (LSE:OEC2) EBIT : £-0.18 Mil (TTM As of Jul. 2012)


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What is Octopus Eclipse VCT 2 EBIT?

Octopus Eclipse VCT 2's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2012 was £-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2012 was £-0.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Octopus Eclipse VCT 2's annualized ROC % for the quarter that ended in Jul. 2012 was -2.26%. Octopus Eclipse VCT 2's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2012 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Octopus Eclipse VCT 2's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2012 was -2.17%.

Octopus Eclipse VCT 2 EBIT Historical Data

The historical data trend for Octopus Eclipse VCT 2'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.

Octopus Eclipse VCT 2 EBIT Chart

Octopus Eclipse VCT 2 Annual Data
Trend Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12
EBIT
Get a 7-Day Free Trial 0.17 0.18 -0.08 0.01 -0.20

Octopus Eclipse VCT 2 Semi-Annual Data
Jul05 Jan06 Jul06 Jan07 Jul07 Jan08 Jul08 Jan09 Jul09 Jan10 Jul10 Jan11 Jul11 Jan12 Jul12
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.06 0.07 -0.10 -0.10 -0.08

Competitive Comparison of Octopus Eclipse VCT 2's EBIT

For the subindustry, Octopus Eclipse VCT 2'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.

Octopus Eclipse VCT 2's EV-to-EBIT Distribution in the Industry

For the industry and sector, Octopus Eclipse VCT 2's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Octopus Eclipse VCT 2's EV-to-EBIT falls into.


Octopus Eclipse VCT 2 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 Jul. 2012 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.18 Mil.

* 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.

Octopus Eclipse VCT 2  (LSE:OEC2) EBIT Explanation

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

Octopus Eclipse VCT 2's annualized ROC % for the quarter that ended in Jul. 2012 is calculated as:

ROC % (Q: Jul. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2012 ) + Invested Capital (Q: Jul. 2012 ))/ count )
=-0.16 * ( 1 - 0% )/( (7.387 + 6.745)/ 2 )
=-0.16/7.066
=-2.26 %

where

Invested Capital(Q: Jan. 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))
=10.662 - 0.172 - ( 3.256 - max(0, 0.227 - 3.33+3.256))
=7.387

Invested Capital(Q: Jul. 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))
=10.129 - 0 - ( 3.566 - max(0, 0.194 - 3.578+3.566))
=6.745

Note: The Operating Income data used here is two times the semi-annual (Jul. 2012) data.

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

Octopus Eclipse VCT 2's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2012  Q: Jul. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.16/( ( (0 + max(-0.153, 0)) + (0 + max(-0.182, 0)) )/ 2 )
=-0.16/( ( 0 + 0 )/ 2 )
=-0.16/0
= %

where Working Capital is:

Working Capital(Q: Jan. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.074) - (0.172 + 0 + 0.055)
=-0.153

Working Capital(Q: Jul. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.012) - (0 + 0 + 0.194)
=-0.182

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jul. 2012) EBIT data.

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

Octopus Eclipse VCT 2's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jul. 2012 )
=-0.183/8.414
=-2.17 %

* 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.

Octopus Eclipse VCT 2 EBIT Related Terms

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Octopus Eclipse VCT 2 (LSE:OEC2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Octopus Eclipse VCT 2 PLC (LSE:OEC2) » Definitions » EBIT
Comparable Companies
LSE:SOP LSE:GFHG LSE:VEL LSE:DSM LSE:JEFI LTS:0RPH LSE:EVE LSE:EPIC LTS:0RP5 LTS:0RP3 LTS:0RPS LTS:0RPY LSE:GPH LSE:ADES LTS:0RPO LSE:ALFA LTS:0RQE LTS:0RQD
Traded in Other Exchanges
N/A
Address
Website
http://www.octopusinvestments.com
Octopus Eclipse VCT 2 PLC is a venture capital trust which aims to provide shareholders with attractive tax-free dividends and long-term capital growth, by investing in a diverse portfolio of unquoted and AIM-quoted companies.

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