Asia Carbon Industries (Asia Carbon Industries) EBIT : $5.57 Mil (TTM As of Jun. 2013)

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What is Asia Carbon Industries EBIT?

Asia Carbon Industries's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2013 was $0.92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2013 was $5.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Carbon Industries's annualized ROC % for the quarter that ended in Jun. 2013 was 7.98%. Asia Carbon Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 was 11.39%.

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

Asia Carbon Industries EBIT Historical Data

The historical data trend for Asia Carbon Industries'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.

Asia Carbon Industries EBIT Chart

Asia Carbon Industries Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

EBIT

4.13

4.71

10.13

9.10

Asia Carbon Industries Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
EBIT	Get a 7-Day Free Trial											2.60	2.37	1.59	0.69	0.92

Competitive Comparison of Asia Carbon Industries's EBIT

For the Specialty Chemicals subindustry, Asia Carbon Industries'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.

Asia Carbon Industries's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asia Carbon Industries's EV-to-EBIT distribution charts can be found below:

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

Asia Carbon Industries 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.57 Mil.

Asia Carbon Industries (OTCPK:ACRB) EBIT Explanation

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

Asia Carbon Industries's annualized ROC % for the quarter that ended in Jun. 2013 is calculated as:

	ROC % (Q: Jun. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2013 )	+	Invested Capital (Q: Jun. 2013 ))	/ count )
=	3.672 * ( 1 - 29.45% )	/	( (31.402	+	33.495)	/ 2 )
=	2.590596	/	32.4485
=	7.98 %

where

	Invested Capital		(Q: Mar. 2013 )
=	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	))
=	39.599	-	2.143	-	( 6.054	-	max(0, 3.499	-	10.449	+	6.054	))
=	31.402

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	40.624	-	1.811	-	( 5.318	-	max(0, 3.187	-	9.514	+	5.318	))
=	33.495

Note: The Operating Income data used here is four times the quarterly (Jun. 2013) data.

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

Asia Carbon Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2013		Q: Jun. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.672	/	( ( (28.938 + max(2.252, 0))	+	(30.896 + max(2.386, 0)) )	/	2 )
=	3.672	/	( ( 31.19	+	33.282 )	/	2 )
=	3.672	/	32.236
=	11.39 %

where Working Capital is:

	Working Capital		(Q: Mar. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.7	+	1.674	+	0.020999999999999)	-	(2.143	+	0	+	4.4408920985006E-16)
=	2.252

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.479	+	1.711	+	0.0060000000000002)	-	(1.811	+	0	+	-0.00099999999999989)
=	2.386

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2013) EBIT data.

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

Asia Carbon Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2013 )
	=	5.565	/	0.000
	=	%

Asia Carbon Industries EBIT Related Terms

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Asia Carbon Industries (Asia Carbon Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asia Carbon Industries Inc (OTCPK:ACRB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xi Gu Nan Street, Qing Xu County Taiyuan, Shanxi Province, Taiyuan City, CHN, 030407

Website

http://www.asiacarbonindustries.com

Asia Carbon Industries Inc is a United States based company, through its subsidiary, manufactures carbon black products under the Great Double Star brand and other by-products. The company manufactures one soft and two hard carbon black products, called N660, N330, and N220, respectively.

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