Alpha Imaging Technology (ROCO:3538) EBIT : NT$-41.9 Mil (TTM As of Dec. 2014)

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What is Alpha Imaging Technology EBIT?

Alpha Imaging Technology's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2014 was NT$12.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2014 was NT$-41.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alpha Imaging Technology's annualized ROC % for the quarter that ended in Dec. 2014 was 8.04%. Alpha Imaging Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was 15.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alpha Imaging Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -2.58%.

Alpha Imaging Technology EBIT Historical Data

The historical data trend for Alpha Imaging Technology'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.

Alpha Imaging Technology EBIT Chart

Alpha Imaging Technology Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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43.35

-141.24

-8.26

-41.95

Alpha Imaging Technology Semi-Annual Data
	Jun10	Dec10	Jun11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
EBIT	Get a 7-Day Free Trial				-96.92	18.64	-26.90	-54.39	12.44

Competitive Comparison of Alpha Imaging Technology's EBIT

For the Semiconductors subindustry, Alpha Imaging Technology'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.

Alpha Imaging Technology's EV-to-EBIT Distribution in the Semiconductors Industry

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

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

Alpha Imaging Technology 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 Dec. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$-41.9 Mil.

Alpha Imaging Technology (ROCO:3538) EBIT Explanation

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

Alpha Imaging Technology's annualized ROC % for the quarter that ended in Dec. 2014 is calculated as:

	ROC % (Q: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2014 )	+	Invested Capital (Q: Dec. 2014 ))	/ count )
=	24.882 * ( 1 - 1.01% )	/	( (294.372	+	318.388)	/ 2 )
=	24.6306918	/	306.38
=	8.04 %

where

	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	))
=	763.876	-	67.688	-	( 401.816	-	max(0, 68.395	-	638.737	+	401.816	))
=	294.372

	Invested Capital		(Q: Dec. 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	))
=	854.906	-	105.283	-	( 431.235	-	max(0, 110.523	-	689.47	+	431.235	))
=	318.388

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

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

Alpha Imaging Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2014		Q: Dec. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	24.882	/	( ( (2.901 + max(168.526, 0))	+	(1.938 + max(147.712, 0)) )	/	2 )
=	24.882	/	( ( 171.427	+	149.65 )	/	2 )
=	24.882	/	160.5385
=	15.50 %

where Working Capital is:

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(98.666	+	69.954	+	68.301)	-	(67.688	+	0	+	0.70699999999999)
=	168.526

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(131.659	+	66.88	+	59.696)	-	(105.283	+	0	+	5.24)
=	147.712

When net working capital is negative, 0 is used.

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

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

Alpha Imaging Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2014 )
	=	-41.947	/	1628.475
	=	-2.58 %

Alpha Imaging Technology EBIT Related Terms

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Alpha Imaging Technology (ROCO:3538) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alpha Imaging Technology Corp (ROCO:3538) » Definitions » EBIT

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Website

http://www.a-i-t.com.tw

Alpha Imaging Technology Corp. operates as an integrated chip fabless design company. It offers integrated mobile multimedia processors and image signal processing products for camera phones and multimedia phones.

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