Avidus Management Group (Avidus Management Group) EBIT : $-3.21 Mil (TTM As of Sep. 2015)

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What is Avidus Management Group EBIT?

Avidus Management Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2015 was $-0.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $-3.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avidus Management Group's annualized ROC % for the quarter that ended in Sep. 2015 was -133.04%. Avidus Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -15,513.04%.

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

Avidus Management Group EBIT Historical Data

The historical data trend for Avidus Management Group'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.

Avidus Management Group EBIT Chart

Avidus Management Group Annual Data

Trend

Oct08

Oct09

Oct10

Dec11

Dec12

Dec13

Dec14

EBIT

Get a 7-Day Free Trial

-0.08

-2.92

-0.83

-2.23

-3.97

Avidus Management Group Quarterly Data
	Oct10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
EBIT	Get a 7-Day Free Trial															-0.72	-2.60	0.31	-0.48	-0.45

Competitive Comparison of Avidus Management Group's EBIT

For the Biotechnology subindustry, Avidus Management Group'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.

Avidus Management Group's EV-to-EBIT Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Avidus Management Group's EV-to-EBIT distribution charts can be found below:

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

Avidus Management Group 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.21 Mil.

Avidus Management Group (OTCPK:ASNHF) EBIT Explanation

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

Avidus Management Group's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	-1.784 * ( 1 - 0% )	/	( (1.399	+	1.283)	/ 2 )
=	-1.784	/	1.341
=	-133.04 %

where

	Invested Capital		(Q: Jun. 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	))
=	0.523	-	3.475	-	( 0.002	-	max(0, 4.824	-	0.473	+	0.002	))
=	1.399

	Invested Capital		(Q: Sep. 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	))
=	0.653	-	3.359	-	( 0.002	-	max(0, 4.565	-	0.576	+	0.002	))
=	1.283

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data.

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

Avidus Management Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.784	/	( ( (0.012 + max(-3.15, 0))	+	(0.011 + max(-2.97, 0)) )	/	2 )
=	-1.784	/	( ( 0.012	+	0.011 )	/	2 )
=	-1.784	/	0.0115
=	-15,513.04 %

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.291	+	0.114)	-	(3.475	+	0	+	0.08)
=	-3.15

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.355	+	0.114)	-	(3.359	+	0	+	0.080000000000001)
=	-2.97

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

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

Avidus Management Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2015 )
	=	-3.211	/	0.000
	=	%

Avidus Management Group EBIT Related Terms

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Avidus Management Group (Avidus Management Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avidus Management Group Inc (OTCPK:ASNHF) » Definitions » EBIT

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Traded in Other Exchanges

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Address

10153 East Hampton Avenue, Suite 101, Mesa, AZ, USA, 85209

Website

http://www.asantae.com

Avidus Management Group Inc is a Canada based marketer and distributor of nutraceutical products. It is principally engaged in the sales of nutraceuticals and health aids to retail vendors and to individuals or businesses. The company sells its products in the United States and Canada, of which majority of the revenue is generated from the United States.

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