Tinci Holdings (LSE:TNCI) EBIT : £-0.25 Mil (TTM As of Jun. 2014)

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What is Tinci Holdings EBIT?

Tinci Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was £-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was £-0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tinci Holdings's annualized ROC % for the quarter that ended in Jun. 2014 was -4.32%. Tinci Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was -4.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tinci Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was -2.50%.

Tinci Holdings EBIT Historical Data

The historical data trend for Tinci Holdings'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.

Tinci Holdings EBIT Chart

Tinci Holdings Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

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0.26

-0.06

0.27

-0.28

0.17

Tinci Holdings Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Dec12	Jun13	Dec13	Jun14
EBIT	Get a 7-Day Free Trial				0.17	-0.25	0.24	-0.06	-0.19

Competitive Comparison of Tinci Holdings's EBIT

For the Specialty Industrial Machinery subindustry, Tinci Holdings'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.

Tinci Holdings's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tinci Holdings's EV-to-EBIT distribution charts can be found below:

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

Tinci Holdings 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 Jun. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.25 Mil.

Tinci Holdings (LSE:TNCI) EBIT Explanation

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

Tinci Holdings's annualized ROC % for the quarter that ended in Jun. 2014 is calculated as:

	ROC % (Q: Jun. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2013 )	+	Invested Capital (Q: Jun. 2014 ))	/ count )
=	-0.512 * ( 1 - -24.87% )	/	( (16.001	+	13.629)	/ 2 )
=	-0.6393344	/	14.815
=	-4.32 %

where

	Invested Capital		(Q: Dec. 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	))
=	24.127	-	5.74	-	( 2.386	-	max(0, 9.972	-	20.482	+	2.386	))
=	16.001

	Invested Capital		(Q: Jun. 2014 )
=	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	))
=	25.216	-	10.364	-	( 1.223	-	max(0, 12.087	-	21.766	+	1.223	))
=	13.629

Note: The Operating Income data used here is two times the semi-annual (Jun. 2014) data.

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

Tinci Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2013		Q: Jun. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.38	/	( ( (1.056 + max(8.124, 0))	+	(0.954 + max(8.456, 0)) )	/	2 )
=	-0.38	/	( ( 9.18	+	9.41 )	/	2 )
=	-0.38	/	9.295
=	-4.09 %

where Working Capital is:

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.922	+	0	+	6.174)	-	(5.74	+	0	+	4.232)
=	8.124

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.856	+	0	+	0.687)	-	(10.364	+	0	+	1.723)
=	8.456

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2014 )
	=	-0.252	/	10.061
	=	-2.50 %

Tinci Holdings EBIT Related Terms

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Tinci Holdings (LSE:TNCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tinci Holdings Ltd (LSE:TNCI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.tinciholdings.com

Tinci Holdings Ltd is engaged in the design, sale and installation of environmental engineering systems to power industry customers and other heavy power users in China. Its core business is the design and management of Flue Gas Desulphurization engineering projects which involve processes to reduce or minimize sulphur dioxide content in industrial and utility coal-fired boiler flue gases.

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