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Circuit Research Labs (Circuit Research Labs) EBIT : $0.72 Mil (TTM As of Sep. 2008)


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What is Circuit Research Labs EBIT?

Circuit Research Labs's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2008 was $0.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2008 was $0.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Circuit Research Labs's annualized ROC % for the quarter that ended in Sep. 2008 was 8.77%. Circuit Research Labs's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2008 was 104.48%.

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


Circuit Research Labs EBIT Historical Data

The historical data trend for Circuit Research Labs'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.

Circuit Research Labs EBIT Chart

Circuit Research Labs Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 1.05 1.07 -1.31 0.16

Circuit Research Labs Quarterly Data
Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
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 -0.34 0.35 0.21 -0.02 0.18

Competitive Comparison of Circuit Research Labs's EBIT

For the Communication Equipment subindustry, Circuit Research Labs'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.


Circuit Research Labs's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Circuit Research Labs's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Circuit Research Labs's EV-to-EBIT falls into.



Circuit Research Labs 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. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.72 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.


Circuit Research Labs  (OTCPK:CRLI) EBIT Explanation

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

Circuit Research Labs's annualized ROC % for the quarter that ended in Sep. 2008 is calculated as:

ROC % (Q: Sep. 2008 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2008 ) + Invested Capital (Q: Sep. 2008 ))/ count )
=0.7 * ( 1 - 0% )/( (7.974 + 7.984)/ 2 )
=0.7/7.979
=8.77 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2008) data.

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

Circuit Research Labs's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2008 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2008 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2008  Q: Sep. 2008
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.7/( ( (0.137 + max(0.51, 0)) + (0.13 + max(0.563, 0)) )/ 2 )
=0.7/( ( 0.647 + 0.693 )/ 2 )
=0.7/0.67
=104.48 %

where Working Capital is:

Working Capital(Q: Jun. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.114 + 2.816 + 0.081) - (3.257 + 0 + 0.244)
=0.51

Working Capital(Q: Sep. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.634 + 3.227 + 0.072) - (3.115 + 0 + 0.255)
=0.563

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2008) EBIT data.

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

Circuit Research Labs's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2008 )
=0.717/0.000
= %

* 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.


Circuit Research Labs EBIT Related Terms

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Circuit Research Labs (Circuit Research Labs) Business Description

Traded in Other Exchanges
N/A
Address
7970 S. Kyrene Road, Tempe, AZ, USA, 85282
Website
Circuit Research Labs Inc develops manufactures and markets electronic audio processing, transmission encoding and noise reduction equipment for the radio, television, cable, Internet and professional audio markets.

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