VECTr Systems (VECTr Systems) EBIT : $-16.69 Mil (TTM As of Sep. 2007)

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What is VECTr Systems EBIT?

VECTr Systems's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2007 was $-11.63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2007 was $-16.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VECTr Systems's annualized ROC % for the quarter that ended in Sep. 2007 was -1,056.22%. VECTr Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2007 was -25,203.25%.

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

VECTr Systems EBIT Historical Data

The historical data trend for VECTr Systems'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.

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VECTr Systems EBIT Chart

VECTr Systems Annual Data

Trend

Dec04

Dec05

Dec06

EBIT

-1.01

-8.53

-5.98

VECTr Systems Quarterly Data
	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07
EBIT	Get a 7-Day Free Trial						-1.53	-0.75	-0.88	-3.44	-11.63

Competitive Comparison of VECTr Systems's EBIT

For the Aerospace & Defense subindustry, VECTr Systems'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.

VECTr Systems's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, VECTr Systems's EV-to-EBIT distribution charts can be found below:

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

VECTr Systems 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. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.69 Mil.

VECTr Systems (GREY:VECT) EBIT Explanation

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

VECTr Systems's annualized ROC % for the quarter that ended in Sep. 2007 is calculated as:

	ROC % (Q: Sep. 2007 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2007 )	+	Invested Capital (Q: Sep. 2007 ))	/ count )
=	-46.5 * ( 1 - % )	/	( (4.172	+	4.633)	/ 2 )
=	-46.5	/	4.4025
=	-1,056.22 %

where

	Invested Capital		(Q: Jun. 2007 )
=	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	))
=	0.896	-	0.289	-	( 0.329	-	max(0, 4.262	-	0.697	+	0.329	))
=	4.172

	Invested Capital		(Q: Sep. 2007 )
=	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	))
=	0.955	-	0.283	-	( 0.218	-	max(0, 4.747	-	0.786	+	0.218	))
=	4.633

Note: The Operating Income data used here is four times the quarterly (Sep. 2007) data.

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

VECTr Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2007 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2007 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2007		Q: Sep. 2007
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-46.5	/	( ( (0.199 + max(-1.435, 0))	+	(0.17 + max(-1.532, 0)) )	/	2 )
=	-46.5	/	( ( 0.199	+	0.17 )	/	2 )
=	-46.5	/	0.1845
=	-25,203.25 %

where Working Capital is:

	Working Capital		(Q: Jun. 2007 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.001	+	0.24	+	0.127)	-	(0.289	+	0	+	1.514)
=	-1.435

	Working Capital		(Q: Sep. 2007 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.245	+	0.323)	-	(0.283	+	0	+	1.817)
=	-1.532

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2007) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2007 )
	=	-16.69	/	0.000
	=	%

VECTr Systems EBIT Related Terms

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