BTHC XV (BTHC XV) EBIT : $6.49 Mil (TTM As of Dec. 2011)

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What is BTHC XV EBIT?

BTHC XV's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2011 was $6.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2011 was $6.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BTHC XV's annualized ROC % for the quarter that ended in Dec. 2011 was 19.15%. BTHC XV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was 47.15%.

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

BTHC XV EBIT Historical Data

The historical data trend for BTHC XV'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.

BTHC XV EBIT Chart

BTHC XV Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

EBIT

Get a 7-Day Free Trial

-0.01

6.62

5.67

6.49

BTHC XV Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
EBIT	Get a 7-Day Free Trial			-0.01	-0.01	6.62	5.67	6.49

Competitive Comparison of BTHC XV's EBIT

For the Conglomerates subindustry, BTHC XV'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.

BTHC XV's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, BTHC XV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BTHC XV's EV-to-EBIT falls into.

BTHC XV 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 $6.49 Mil.

BTHC XV (OTCPK:BTXV) EBIT Explanation

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

BTHC XV'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 )
=	6.752 * ( 1 - 22.84% )	/	( (24.626	+	29.779)	/ 2 )
=	5.2098432	/	27.2025
=	19.15 %

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	))
=	29.345	-	4.622	-	( 0.209	-	max(0, 14.938	-	15.035	+	0.209	))
=	24.626

	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	))
=	35.66	-	5.184	-	( 0.697	-	max(0, 16.135	-	21.026	+	0.697	))
=	29.779

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

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

BTHC XV'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 )
=	6.488	/	( ( (13.603 + max(-4.18, 0))	+	(13.916 + max(-4.988, 0)) )	/	2 )
=	6.488	/	( ( 13.603	+	13.916 )	/	2 )
=	6.488	/	13.7595
=	47.15 %

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)
=	(0.037	+	0	+	0.405)	-	(4.622	+	0	+	0)
=	-4.18

	Working Capital		(Q: Dec. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.169	+	0	+	0.027000000000001)	-	(5.184	+	0	+	0)
=	-4.988

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:

BTHC XV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2011 )
	=	6.488	/	0.000
	=	%

BTHC XV EBIT Related Terms

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BTHC XV (BTHC XV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » BTHC XV Inc (OTCPK:BTXV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Executives

Timothy P Halter	director, 10 percent owner, officer: CEO, Pres, CFO, COB, Secy	174 FM 1830, ARGYLE TX 76226
George L Diamond	10 percent owner	174 FM 1830, ARGYLE TX 76226
David F Brigante	10 percent owner	174FM 1830, ARGYLE TX 76226
Marat Rosenberg	10 percent owner	17 FM 1830, ARGYLE TX 76226
Halter Financial Investments Lp	10 percent owner	174 FM 1830, ARGYLE TX 76226
Halter Financial Investments Gp Llc	10 percent owner	174 FM 1830, ARGYLE TX 76226

BTHC XV (BTHC XV) Headlines

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