Trailor ACTM International (XPAR:MLTAI) EBIT : € Mil (TTM As of Dec. 2010)

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What is Trailor ACTM International EBIT?

Trailor ACTM International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2010 was €-4.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trailor ACTM International's annualized ROC % for the quarter that ended in Dec. 2010 was -12.28%. Trailor ACTM International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 was -18.06%.

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

Trailor ACTM International EBIT Historical Data

The historical data trend for Trailor ACTM International'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.

Trailor ACTM International EBIT Chart

Trailor ACTM International Annual Data

Trend

Dec09

Dec10

EBIT

-4.19

-4.32

Trailor ACTM International Semi-Annual Data
	Dec09	Dec10
EBIT	-4.19	-4.32

Competitive Comparison of Trailor ACTM International's EBIT

For the Trucking subindustry, Trailor ACTM International'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.

Trailor ACTM International's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Trailor ACTM International's EV-to-EBIT distribution charts can be found below:

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

Trailor ACTM International 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2010 was € Mil.

Trailor ACTM International (XPAR:MLTAI) EBIT Explanation

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

Trailor ACTM International's annualized ROC % for the quarter that ended in Dec. 2010 is calculated as:

	ROC % (Q: Dec. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2009 )	+	Invested Capital (Q: Dec. 2010 ))	/ count )
=	-4.318 * ( 1 - 30.64% )	/	( (24.157	+	24.628)	/ 2 )
=	-2.9949648	/	24.3925
=	-12.28 %

where

	Invested Capital		(Q: Dec. 2009 )
=	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	))
=	36.171	-	11.86	-	( 0.154	-	max(0, 13.87	-	17.681	+	0.154	))
=	24.157

	Invested Capital		(Q: Dec. 2010 )
=	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	))
=	37.103	-	12.281	-	( 0.194	-	max(0, 17.332	-	18.794	+	0.194	))
=	24.628

Note: The Operating Income data used here is one times the annual (Dec. 2010) data.

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

Trailor ACTM International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2009		Q: Dec. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.318	/	( ( (17.978 + max(5.667, 0))	+	(17.849 + max(6.319, 0)) )	/	2 )
=	-4.318	/	( ( 23.645	+	24.168 )	/	2 )
=	-4.318	/	23.9065
=	-18.06 %

where Working Capital is:

	Working Capital		(Q: Dec. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	6.126	+	11.401)	-	(11.86	+	0	+	0)
=	5.667

	Working Capital		(Q: Dec. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	5.851	+	12.749)	-	(12.281	+	0	+	0)
=	6.319

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2010) EBIT data.

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

Trailor ACTM International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2010 )
	=		/	4.637
	=	%

Trailor ACTM International EBIT Related Terms

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Trailor ACTM International (XPAR:MLTAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Trailor ACTM International (XPAR:MLTAI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.actm-trailor.com

Trailor ACTM International designs and manufactures flatbed trailers:Â steered front-axle or tilt-bed trailers, semi-trailers with 2, 3, 4, 5, or 6 axles, telescoping semi-trailers, dump trailers. It also manufactures road transport vehicles.

Trailor ACTM International (XPAR:MLTAI) Headlines

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