ACNI (American Community Newspapers) EBIT : $-107.02 Mil (TTM As of Jun. 2008)

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What is American Community Newspapers EBIT?

American Community Newspapers's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2008 was $-108.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2008 was $-107.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Community Newspapers's annualized ROC % for the quarter that ended in Jun. 2008 was 2.47%. American Community Newspapers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2008 was -4,496.18%.

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

American Community Newspapers EBIT Historical Data

The historical data trend for American Community Newspapers'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.

American Community Newspapers EBIT Chart

American Community Newspapers Annual Data

Trend

Dec05

Dec06

Dec07

EBIT

0.54

-0.56

1.22

American Community Newspapers Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
EBIT	Get a 7-Day Free Trial								-0.21	1.05	0.43	-0.39	-108.11

Competitive Comparison of American Community Newspapers's EBIT

For the Publishing subindustry, American Community Newspapers'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.

American Community Newspapers's EV-to-EBIT Distribution in the Media - Diversified Industry

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

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

American Community Newspapers 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 Jun. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-107.02 Mil.

American Community Newspapers (OTCPK:ACNI) EBIT Explanation

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

American Community Newspapers's annualized ROC % for the quarter that ended in Jun. 2008 is calculated as:

	ROC % (Q: Jun. 2008 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2008 )	+	Invested Capital (Q: Jun. 2008 ))	/ count )
=	5.556 * ( 1 - 2.08% )	/	( (205.998	+	234.005)	/ 2 )
=	5.4404352	/	220.0015
=	2.47 %

where

	Invested Capital		(Q: Mar. 2008 )
=	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	))
=	210.946	-	5.699	-	( 0.631	-	max(0, 10.185	-	9.434	+	0.631	))
=	205.998

	Invested Capital		(Q: Jun. 2008 )
=	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	))
=	100.802	-	4.792	-	( 2.552	-	max(0, 149.412	-	11.417	+	2.552	))
=	234.005

Note: The Operating Income data used here is four times the quarterly (Jun. 2008) data.

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

American Community Newspapers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2008 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2008 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2008		Q: Jun. 2008
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-432.42	/	( ( (8.912 + max(1.768, 0))	+	(8.555 + max(-4.517, 0)) )	/	2 )
=	-432.42	/	( ( 10.68	+	8.555 )	/	2 )
=	-432.42	/	9.6175
=	-4,496.18 %

where Working Capital is:

	Working Capital		(Q: Mar. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.139	+	0.958	+	0.706)	-	(5.699	+	1.336	+	0)
=	1.768

	Working Capital		(Q: Jun. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.752	+	0.826)	-	(4.792	+	1.303	+	0)
=	-4.517

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2008) EBIT data.

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

American Community Newspapers's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2008 )
	=	-107.019	/	0.000
	=	%

American Community Newspapers EBIT Related Terms

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American Community Newspapers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » American Community Newspapers Inc (OTCPK:ACNI) » Definitions » EBIT

Comparable Companies

FRLF GLBD EDUC MNI AHC LEE VALU DJCO IDWM TRNC NEWM GCI TIME SCHL MDP NYT JW.B

Traded in Other Exchanges

N/A

Address

14875 Landmark Boulevard, Suite 110, Addison, TX, USA, 75254

Website

http://www.acnpapers.com

American Community Newspapers Inc is a community newspaper publisher in the United States, operating within four major U.S. markets.

Executives

Rachesky Mark H Md	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc	10 percent owner	1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
Mhr Advisors Llc	10 percent owner
Marilyn Rubenstein	10 percent owner
Woodland Services Corp	10 percent owner
Israel A Englander	other: May be deemed as group member.	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millenco, L.l.c.	10 percent owner	C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Management Llc	other: May be deemed as group member.	399 PARK AVENUE, NEW YORK NY 10022
Barry Rubenstein	10 percent owner	68 WHEATLEY RD, BROOKVILLE NY 11545

American Community Newspapers Headlines

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