GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emmis Corp (OTCPK:EMMS) » Definitions » EBIT

Emmis (EMMS) EBIT : $-24.72 Mil (TTM As of Feb. 2020)


View and export this data going back to 1994. Start your Free Trial

What is Emmis EBIT?

Emmis's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2020 was $-17.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2020 was $-24.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emmis's annualized ROC % for the quarter that ended in Feb. 2020 was -5.30%. Emmis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2020 was -258.00%.

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


Emmis EBIT Historical Data

The historical data trend for Emmis'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.

Emmis EBIT Chart

Emmis Annual Data
Trend Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.72 31.13 88.17 19.65 -30.30

Emmis Quarterly Data
May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.69 4.70 -5.47 -6.40 -17.56

Competitive Comparison of Emmis's EBIT

For the Broadcasting subindustry, Emmis'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.


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

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

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



Emmis 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 Feb. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.72 Mil.

* 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.


Emmis  (OTCPK:EMMS) EBIT Explanation

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

Emmis's annualized ROC % for the quarter that ended in Feb. 2020 is calculated as:

ROC % (Q: Feb. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2019 ) + Invested Capital (Q: Feb. 2020 ))/ count )
=-11.148 * ( 1 - 41.15% )/( (123.925 + 123.633)/ 2 )
=-6.560598/123.779
=-5.30 %

where

Invested Capital(Q: Nov. 2019 )
=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))
=241.507 - 28.106 - ( 111.345 - max(0, 41.285 - 130.761+111.345))
=123.925

Note: The Operating Income data used here is four times the quarterly (Feb. 2020) data.

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

Emmis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2019  Q: Feb. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-70.22/( ( (23.899 + max(-13.197, 0)) + (23.63 + max(6.906, 0)) )/ 2 )
=-70.22/( ( 23.899 + 30.536 )/ 2 )
=-70.22/27.2175
=-258.00 %

where Working Capital is:

Working Capital(Q: Nov. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.599 + 0 + 13.817) - (28.106 + 2.639 + 1.868)
=-13.197

Working Capital(Q: Feb. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.627 + 0 + 13.873) - (7.237 + 2.605 + 1.752)
=6.906

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2020 )
=-24.722/0.000
= %

* 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.


Emmis EBIT Related Terms

Thank you for viewing the detailed overview of Emmis's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Emmis (EMMS) Business Description

Traded in Other Exchanges
N/A
Address
40 Monument Circle, Suite 700, One EMMIS Plaza, Indianapolis, IN, USA, 46204
Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.
Executives
Patrick M Walsh officer: President, COO 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Ryan A Hornaday officer: EVP, CFO & Treasurer 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gregory T Loewen officer: President - Publishing 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Jeffrey H Smulyan director, 10 percent owner, officer: Chairman,CEO, other: member of 10% 13(d) group
J. Scott Enright officer: EVP, Gen Counsel & Secretary 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
James M Dubin director ONE MADISON PLACE, HARRISON NY 10528
Greg Nathanson director
Lawrence B Sorrel director
Peter A Lund director 236 LOCHA DRIVE, JUPITER FL 33458
Susan B Bayh director WELLPOINT, INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Richard A Leventhal director
Paul V. Brenner officer: President 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gary L Kaseff director
Richard F Cummings officer: Radio Division President
Herbert Simon other: Member of 10% owner 13d group 115 W WASHINGTON ST, INDIANAPOLIS IN 46204