IFS Construction Services (ASX:IFS) EBIT : A$-2.76 Mil (TTM As of Dec. 2011)

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What is IFS Construction Services EBIT?

IFS Construction Services's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2011 was A$-2.76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2011 was A$-2.76 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IFS Construction Services's annualized ROC % for the quarter that ended in Dec. 2011 was -8.67%. IFS Construction Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was -10.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IFS Construction Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was -19.40%.

IFS Construction Services EBIT Historical Data

The historical data trend for IFS Construction Services'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.

IFS Construction Services EBIT Chart

IFS Construction Services Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

EBIT

Get a 7-Day Free Trial

-16.16

-18.70

-0.60

-1.91

-2.76

IFS Construction Services Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
EBIT	Get a 7-Day Free Trial			-16.16	-18.70	-0.60	-1.91	-2.76

Competitive Comparison of IFS Construction Services's EBIT

For the Lumber & Wood Production subindustry, IFS Construction Services'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.

IFS Construction Services's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, IFS Construction Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where IFS Construction Services's EV-to-EBIT falls into.

IFS Construction Services 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2011 was A$-2.76 Mil.

IFS Construction Services (ASX:IFS) EBIT Explanation

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

IFS Construction Services's annualized ROC % for the quarter that ended in Dec. 2011 is calculated as:

	ROC % (Q: Dec. 2011 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2010 )	+	Invested Capital (Q: Dec. 2011 ))	/ count )
=	-3.196 * ( 1 - 9.61% )	/	( (34.27	+	32.342)	/ 2 )
=	-2.8888644	/	33.306
=	-8.67 %

where

	Invested Capital		(Q: Dec. 2010 )
=	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	))
=	33.15	-	4.109	-	( 0.561	-	max(0, 10.215	-	4.986	+	0.561	))
=	34.27

	Invested Capital		(Q: Dec. 2011 )
=	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	))
=	31.979	-	6.588	-	( 0.272	-	max(0, 12.573	-	5.622	+	0.272	))
=	32.342

Note: The Operating Income data used here is one times the annual (Dec. 2011) data.

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

IFS Construction Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2011 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2010		Q: Dec. 2011
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.759	/	( ( (26.382 + max(-3.493, 0))	+	(26.207 + max(-6.5, 0)) )	/	2 )
=	-2.759	/	( ( 26.382	+	26.207 )	/	2 )
=	-2.759	/	26.2945
=	-10.49 %

where Working Capital is:

	Working Capital		(Q: Dec. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.638	+	0.407)	-	(4.109	+	0.021	+	0.408)
=	-3.493

	Working Capital		(Q: Dec. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.647	+	0.303)	-	(6.588	+	0.606	+	0.256)
=	-6.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2011) EBIT data.

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

IFS Construction Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2011 )
	=	-2.759	/	14.221
	=	-19.40 %

IFS Construction Services EBIT Related Terms

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IFS Construction Services (ASX:IFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » IFS Construction Services Ltd (ASX:IFS) » Definitions » EBIT

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Address

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IFS Construction Services Ltd provides formwork, scaffolding, screening, engineering and design services. The Company's operations are based in Australia, South East Asia and the Middle East.