Metro Global Media (Metro Global Media) EBIT : $-3.44 Mil (TTM As of Nov. 2001)

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What is Metro Global Media EBIT?

Metro Global Media's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2001 was $-0.06 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2001 was $-3.44 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metro Global Media's annualized ROC % for the quarter that ended in Nov. 2001 was -2.66%. Metro Global Media's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2001 was -10.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Metro Global Media EBIT Historical Data

The historical data trend for Metro Global Media'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.

Metro Global Media EBIT Chart

Metro Global Media Annual Data

Trend

May92

May93

May94

May95

May96

May97

May98

May99

May00

May01

EBIT

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-0.20

0.60

6.53

-0.67

-3.93

Metro Global Media Quarterly Data
	Feb97	May97	Aug97	Nov97	Feb98	May98	Aug98	Nov98	Feb99	May99	Aug99	Nov99	Feb00	May00	Aug00	Nov00	Feb01	May01	Aug01	Nov01
EBIT	Get a 7-Day Free Trial															-0.67	-	-3.10	-0.28	-0.06

Competitive Comparison of Metro Global Media's EBIT

For the Entertainment subindustry, Metro Global Media'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.

Metro Global Media's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Metro Global Media's EV-to-EBIT distribution charts can be found below:

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

Metro Global Media 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 Nov. 2001 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.44 Mil.

Metro Global Media (GREY:MGMA) EBIT Explanation

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

Metro Global Media's annualized ROC % for the quarter that ended in Nov. 2001 is calculated as:

	ROC % (Q: Nov. 2001 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2001 )	+	Invested Capital (Q: Nov. 2001 ))	/ count )
=	-0.288 * ( 1 - 0% )	/	( (11.015	+	10.67)	/ 2 )
=	-0.288	/	10.8425
=	-2.66 %

where

	Invested Capital		(Q: Aug. 2001 )
=	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	))
=	17.652	-	6.209	-	( 0.428	-	max(0, 10.319	-	11.118	+	0.428	))
=	11.015

	Invested Capital		(Q: Nov. 2001 )
=	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	))
=	16.337	-	5.216	-	( 0.451	-	max(0, 9.255	-	10.323	+	0.451	))
=	10.67

Note: The Operating Income data used here is four times the quarterly (Nov. 2001) data.

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

Metro Global Media's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2001 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2001 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2001		Q: Nov. 2001
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.224	/	( ( (1.532 + max(0.36, 0))	+	(1.38 + max(1.193, 0)) )	/	2 )
=	-0.224	/	( ( 1.892	+	2.573 )	/	2 )
=	-0.224	/	2.2325
=	-10.03 %

where Working Capital is:

	Working Capital		(Q: Aug. 2001 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.954	+	4.295	+	0.32)	-	(6.209	+	0	+	1.7763568394003E-15)
=	0.36

	Working Capital		(Q: Nov. 2001 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.323	+	3.861	+	0.225)	-	(5.216	+	0	+	1.7763568394003E-15)
=	1.193

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2001) EBIT data.

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

Metro Global Media's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2001 )
	=	-3.437	/	0.000
	=	%

Metro Global Media EBIT Related Terms

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Metro Global Media (Metro Global Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Metro Global Media Inc (GREY:MGMA) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

1060 Park Avenue, Cranston, RI, USA, 02910

Website

http://www.metroglobal.com

Metro Global Media Inc operates in the media industry in United States. The company is a multimedia, mass marketing company that produces adult film, video, and internet entertainment. The firm also publishes and distributes magazines.

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