MOCON (MOCO) EBIT : $6.75 Mil (TTM As of Mar. 2017)

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What is MOCON EBIT?

MOCON's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was $0.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $6.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MOCON's annualized ROC % for the quarter that ended in Mar. 2017 was -0.38%. MOCON's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 24.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MOCON's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 3.81%.

MOCON EBIT Historical Data

The historical data trend for MOCON'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.

MOCON EBIT Chart

MOCON Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

Get a 7-Day Free Trial

3.69

4.72

3.64

4.58

6.72

MOCON Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
EBIT	Get a 7-Day Free Trial															0.75	1.18	2.55	2.24	0.78

Competitive Comparison of MOCON's EBIT

For the Scientific & Technical Instruments subindustry, MOCON'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.

MOCON's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MOCON's EV-to-EBIT distribution charts can be found below:

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

MOCON 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.75 Mil.

MOCON (NAS:MOCO) EBIT Explanation

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

MOCON's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

	ROC % (Q: Mar. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Mar. 2017 ))	/ count )
=	3.272 * ( 1 - 103.47% )	/	( (30.483	+	28.969)	/ 2 )
=	-0.1135384	/	29.726
=	-0.38 %

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	48.448	-	9.652	-	( 8.313	-	max(0, 10.715	-	27.162	+	8.313	))
=	30.483

	Invested Capital		(Q: Mar. 2017 )
=	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	))
=	51.714	-	11.583	-	( 11.162	-	max(0, 13.095	-	30.908	+	11.162	))
=	28.969

Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.

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

MOCON's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Mar. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.112	/	( ( (5.457 + max(8.196, 0))	+	(5.394 + max(6.717, 0)) )	/	2 )
=	3.112	/	( ( 13.653	+	12.111 )	/	2 )
=	3.112	/	12.882
=	24.16 %

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.726	+	6.728	+	1.374)	-	(9.652	+	0.98	+	0)
=	8.196

	Working Capital		(Q: Mar. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.443	+	7.515	+	1.772)	-	(11.583	+	1.43	+	0)
=	6.717

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2017 )
	=	6.746	/	176.890
	=	3.81 %

MOCON EBIT Related Terms

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MOCON (MOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MOCON Inc (NAS:MOCO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.mocon.com

MOCON Inc was incorporated as a Minnesota corporation in February 1966. The Company designs, manufactures, markets and services products, and provides consulting services, in the test and measurement, analytical instrument and services markets. Its products includes instruments that detects, measures and monitors gases and other chemical compounds which help its customers improves the quality of their products, as well as develops new products. Its gas and vapor permeation instruments were first used in the food packaging industry, starting in the 1970s, to measure small amounts of moisture which can adversely affect dry cereals and other food packaging. The Company's products serve markets such as foods, beverages, pharmaceuticals and consumer products, oil and gas exploration and industrial and environmental safety. It develops, manufactures, markets and services test and measurement, analytical and monitoring instruments and systems used to detect, measure and analyze gases and other chemical compounds, as well as providing related consulting services. The market for these products consists of manufacturers of packaging materials, including manufacturers of papers, plastic films, coatings and containers and the users of such packaging materials, such as companies in the food, beverage, pharmaceutical and consumer product industries. Its other customers include manufacturers of flat panel displays, solar panels, electronics, and many other sophisticated materials. The Company has four operating segments which are combined into three reporting segments as follows; Permeation Products and Services, Package Testing Products and Services, and Industrial Analyzer Products and Services and Other. Its permeation products consist of systems and services that measure the rate at which various gases and vapors transmit through a variety of materials. These products perform measurements under precise temperature, pressure and relative humidity conditions. It manufactures and sells three products in this group; headspace analyzers, leak detection equipment and gas mixers. Its headspace analyzer products are used to analyze the amount and type of gas present in the headspace of flexible and rigid packages, as applied to gas flushing in modified or controlled atmosphere packaging. It manufactures and distributes gas analysis and monitoring instrumentation used in applications such as oil and gas exploration, process gas analysis, industrial hygiene and safety, environmental air monitoring and indoor air quality. Its microbial detection products are designed to rapidly detect microbial growth in food and beverage samples. The Company manufactures and sells three products in this group; headspace analyzers, leak detection equipment and gas mixers. Its trademarks and service marks include the following; MOCON, APCHECK, AQUATRACE, AQUATRAN, AROMATRAN, AROMATRAX, BASELINE, BEVALERT, CALCARD, CAL-SMART, CheckPoint, CMV-2, COULOX, FLO SMART, GREENL

Executives

Bradley D Goskowicz	director
Kathleen P Iverson	director	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Robert F Gallagher	director	C/O RESISTANCE TECHNOLOGY INC 1260 RED FOX ROAD ARDEN HILLS MN 55112
Robert L Demorest	director, officer: Chairman, President and CEO	2235 VALE CREST, MINNEAPOLIS MN 55422
Paul R Zeller	director	C/O IMATION CORP, 1 IMATION PL, OAKDALE MN 55128
Darrell B Lee	officer: VP, CFO, Treasurer & Secretary	C/O MOCON, INC., 7500 BOONE AVENUE NORTH, MINNEAPOLIS MN 55428