Athena IT-Group AS (OCSE:ATHENA) EBIT : kr4.59 Mil (TTM As of Sep. 2015)

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What is Athena IT-Group AS EBIT?

Athena IT-Group AS's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2015 was kr1.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was kr4.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Athena IT-Group AS's annualized ROC % for the quarter that ended in Sep. 2015 was 5.24%. Athena IT-Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 81.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Athena IT-Group AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 9.08%.

Athena IT-Group AS EBIT Historical Data

The historical data trend for Athena IT-Group AS'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.

Athena IT-Group AS EBIT Chart

Athena IT-Group AS Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

EBIT

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6.31

4.34

6.05

4.57

4.44

Athena IT-Group AS Quarterly Data
	Jun09	Jun10	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
EBIT	Get a 7-Day Free Trial															1.03	1.47	1.35	0.59	1.18

Competitive Comparison of Athena IT-Group AS's EBIT

For the Information Technology Services subindustry, Athena IT-Group AS'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.

Athena IT-Group AS's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Athena IT-Group AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Athena IT-Group AS's EV-to-EBIT falls into.

Athena IT-Group AS 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 Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was kr4.59 Mil.

Athena IT-Group AS (OCSE:ATHENA) EBIT Explanation

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

Athena IT-Group AS's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	4.704 * ( 1 - 0% )	/	( (83.834	+	95.67)	/ 2 )
=	4.704	/	89.752
=	5.24 %

where

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	79.45	-	11.611	-	( 0.49	-	max(0, 25.909	-	9.914	+	0.49	))
=	83.834

	Invested Capital		(Q: Sep. 2015 )
=	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	))
=	81.267	-	0	-	( 0	-	max(0, 27.017	-	12.614	+	0	))
=	95.67

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data.

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

Athena IT-Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4.704	/	( ( (11.498 + max(-8.56, 0))	+	(0 + max(-14.403, 0)) )	/	2 )
=	4.704	/	( ( 11.498	+	0 )	/	2 )
=	4.704	/	5.749
=	81.82 %

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.865	+	0.05	+	0.509)	-	(11.611	+	0	+	6.373)
=	-8.56

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	12.614)	-	(0	+	0	+	27.017)
=	-14.403

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

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

Athena IT-Group AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2015 )
	=	4.586	/	50.523
	=	9.08 %

Athena IT-Group AS EBIT Related Terms

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Athena IT-Group AS (OCSE:ATHENA) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Website

http://www.athena.dk

Athena IT-Group AS provides professional IT solutions for the Danish business community. It consists of two divisions: Infrastructure & Outsourcing; and E-Solutions.

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