Anite (LSE:AIE) EBIT : £13.9 Mil (TTM As of Apr. 2015)

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What is Anite EBIT?

Anite's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2015 was £12.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2015 was £13.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anite's annualized ROC % for the quarter that ended in Apr. 2015 was 12.56%. Anite's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2015 was 184.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anite's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2015 was 3.62%.

Anite EBIT Historical Data

The historical data trend for Anite'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.

Anite EBIT Chart

Anite Annual Data

Trend

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

EBIT

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12.42

22.27

22.20

9.26

13.86

Anite Semi-Annual Data
	Oct05	Apr06	Oct06	Apr07	Oct07	Apr08	Oct08	Apr09	Oct09	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15
EBIT	Get a 7-Day Free Trial															10.92	-0.66	9.92	1.06	12.80

Competitive Comparison of Anite's EBIT

For the Software - Application subindustry, Anite'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.

Anite's EV-to-EBIT Distribution in the Software Industry

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

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

Anite 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 Apr. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was £13.9 Mil.

Anite (LSE:AIE) EBIT Explanation

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

Anite's annualized ROC % for the quarter that ended in Apr. 2015 is calculated as:

	ROC % (Q: Apr. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2014 )	+	Invested Capital (Q: Apr. 2015 ))	/ count )
=	25.424 * ( 1 - 18.5% )	/	( (167.204	+	162.623)	/ 2 )
=	20.72056	/	164.9135
=	12.56 %

where

	Invested Capital		(Q: Oct. 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	))
=	205.27	-	15.923	-	( 29.792	-	max(0, 55.841	-	77.984	+	29.792	))
=	167.204

	Invested Capital		(Q: Apr. 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	))
=	209.428	-	16.566	-	( 37.18	-	max(0, 54.401	-	84.64	+	37.18	))
=	162.623

Note: The Operating Income data used here is two times the semi-annual (Apr. 2015) data.

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

Anite's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2014		Q: Apr. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	25.606	/	( ( (12.818 + max(-7.649, 0))	+	(14.9 + max(-6.941, 0)) )	/	2 )
=	25.606	/	( ( 12.818	+	14.9 )	/	2 )
=	25.606	/	13.859
=	184.76 %

where Working Capital is:

	Working Capital		(Q: Oct. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30.977	+	8.597	+	8.618)	-	(15.923	+	0	+	39.918)
=	-7.649

	Working Capital		(Q: Apr. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.702	+	6.356	+	9.402)	-	(16.566	+	0	+	37.835)
=	-6.941

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2015 )
	=	13.863	/	382.873
	=	3.62 %

Anite EBIT Related Terms

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Anite (LSE:AIE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Anite PLC (LSE:AIE) » Definitions » EBIT

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Address

Website

http://www.anite.com

Anite PLC is a company incorporated in United Kingdom on March 7, 1984. It is a wireless testing company engaged in developing the software and hardware helping deliver the mobile technologies. The Company provides mobile device, infrastructure and network testing systems including hardware and software. The Company operates in two segments; Handset testing and Network testing. The Handset testing is a wireless test system enabling manufacturers to design efficient chipsets, mobile devices and network equipment. The Network testing technology enables mobile network operators and manufacturers to test and optimise their networks. The Company's Handset testing products include; Development Testing, Conformance Testing, Interoperability Testing, Propsim OTA Testing, Propsim Virtual Drive Testing, Propsim 802.11ac/n Testing, Propsim MANET Testing, Propsim Aerospace Testing, & Triton. The Company's Network testing products include; Nemo Outdoor, Nemo Handy, Nemo Walker Air, Nemo Invex, Nemo FSR1, Nemo Autonomous, Nemo Commander, Nemo Analyze, Nemo CEM Observer, and Nemo CEM Solution. Its customers include Device manufacturers, Chipset manufacturers, Mobile network operators, Mobile network operators, and Independent test companies.

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