ADFS (American Defense Systems) EBIT: $0.13 Mil (TTM As of Sep. 2012)


What is American Defense Systems EBIT?

American Defense Systems ADFS EBIT is $0.13 Mil as of Sep. 2012.

American Defense Systems's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2012 was $-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2012 was $0.13 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Defense Systems's annualized ROC % for the quarter that ended in Sep. 2012 was -58.68%. American Defense Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was -99.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Defense Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was 1,290.00%.

American Defense Systems  (OTCPK:ADFS) EBIT Explanation

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

American Defense Systems's annualized ROC % for the quarter that ended in Sep. 2012 is calculated as:

ROC % (Q: Sep. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2012 ) + Invested Capital (Q: Sep. 2012 ))/ count )
=-0.272 * ( 1 - 0% )/( (0.488 + 0.439)/ 2 )
=-0.272/0.4635
=-58.68 %

where

Invested Capital(Q: Jun. 2012 )
=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))
=2.253 - 2.974 - ( 0.138 - max(0, 2.976 - 1.767+0.138))
=0.488

Invested Capital(Q: Sep. 2012 )
=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))
=1.761 - 2.555 - ( 0.151 - max(0, 2.557 - 1.324+0.151))
=0.439

Note: The Operating Income data used here is four times the quarterly (Sep. 2012) data.

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

American Defense Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2012  Q: Sep. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.308/( ( (0.333 + max(-2.235, 0)) + (0.284 + max(-2.138, 0)) )/ 2 )
=-0.308/( ( 0.333 + 0.284 )/ 2 )
=-0.308/0.3085
=-99.84 %

where Working Capital is:

Working Capital(Q: Jun. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.657 + 0 + 0.084) - (2.974 + 0.002 + 0)
=-2.235

Working Capital(Q: Sep. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.305 + 0 + 0.114) - (2.555 + 0.002 + 0)
=-2.138

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2012 )
=0.129/0.010
=1,290.00 %

* 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.

American Defense Systems EBIT Related Terms

American Defense Systems EBIT Historical Data

* Premium members only.

The historical data trend for American Defense 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.

American Defense Systems EBIT Chart

American Defense Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
EBIT
Get a 7-Day Free Trial 3.53 -1.03 -10.29 -4.77 7.06

American Defense Systems Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 -1.54 0.71 -0.40 -0.10 -0.08

ADFS vs ASDN, MKRS, PSSR: EBIT Comparison

For the Aerospace & Defense subindustry, American Defense 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.

American Defense Systems EV-to-EBIT vs Aerospace & Defense Industry

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

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


American Defense 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.13 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $0.13 Mil mean?
American Defense Systems (ADFS) has a EBIT of $0.13 Mil as of Sep. 2012. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on American Defense Systems.
Is American Defense Systems' EBIT too high?
American Defense Systems' current EBIT is $0.13 Mil.
How does American Defense Systems' EBIT compare to ASDN and MKRS?
American Defense Systems' EBIT of $0.13 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on American Defense Systems. American Defense Systems's current EBIT is $0.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Defense Systems stock overvalued right now?
American Defense Systems (ADFS) has a current EBIT of $0.13 Mil. The current EBIT is $0.13 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For American Defense Systems (ADFS), the current EBIT is $0.13 Mil as of Sep. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Defense Systems Business Description

Address 3440 Toringdon way, suite 205, Room 218, Charlotte, NC, USA, 28277
American Defense Systems Inc is a defense and security products company engaged in three business areas: customized transparent and opaque armor solutions; architectural hardening and perimeter defense and tactical training products and services. It serves US government agencies, general contractors and other commercial and private entities operating in high-threat locations.