Essex Rental (Essex Rental) EBIT : $-3.55 Mil (TTM As of Sep. 2015)

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What is Essex Rental EBIT?

Essex Rental's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2015 was $-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $-3.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Essex Rental's annualized ROC % for the quarter that ended in Sep. 2015 was 0.12%. Essex Rental's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -0.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Essex Rental's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -61.30%.

Essex Rental EBIT Historical Data

The historical data trend for Essex Rental'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.

Essex Rental EBIT Chart

Essex Rental Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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-7.72

-16.47

-6.88

-3.05

-4.16

Essex Rental Quarterly Data
	Dec10	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															-0.56	-0.74	-1.95	-0.78	-0.08

Competitive Comparison of Essex Rental's EBIT

For the Rental & Leasing Services subindustry, Essex Rental'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.

Essex Rental's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Essex Rental's EV-to-EBIT distribution charts can be found below:

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

Essex Rental 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 $-3.55 Mil.

Essex Rental (OTCPK:ESSX) EBIT Explanation

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

Essex Rental'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 )
=	0.912 * ( 1 - 40.7% )	/	( (455.47	+	447.757)	/ 2 )
=	0.540816	/	451.6135
=	0.12 %

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	))
=	317.273	-	12.936	-	( 0.756	-	max(0, 192.883	-	41.75	+	0.756	))
=	455.47

	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	))
=	310.872	-	12.84	-	( 1.281	-	max(0, 192.59	-	42.865	+	1.281	))
=	447.757

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

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

Essex Rental'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 )
=	-0.304	/	( ( (265.335 + max(23.801, 0))	+	(258.475 + max(24.765, 0)) )	/	2 )
=	-0.304	/	( ( 289.136	+	283.24 )	/	2 )
=	-0.304	/	286.188
=	-0.11 %

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)
=	(16.706	+	16.88	+	5.666)	-	(12.936	+	2.515	+	2.8421709430404E-14)
=	23.801

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.419	+	18.052	+	5.439)	-	(12.84	+	2.305	+	0)
=	24.765

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:

Essex Rental's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2015 )
	=	-3.549	/	5.790
	=	-61.30 %

Essex Rental EBIT Related Terms

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Essex Rental (Essex Rental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Essex Rental Corp. (OTCPK:ESSX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.essexrentalcorp.com

Essex Rental Corp was incorporated in Delaware on August 21, 2006 as a blank check company whose objective was to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. On October 31, 2008, the Company consummated the acquisition of Holdings and its wholly-owned subsidiary, Essex Crane. Through its operating subsidiaries, Essex Crane and Coast Crane, it is one of North America's providers of lifting equipment including lattice-boom crawler cranes, truck cranes and rough terrain cranes, tower cranes, and other lifting equipment used in construction projects. Its products and services as grouped within the Company's three defined operating segments; equipment rentals; equipment distribution; and parts and service. It offers for rent, crawler cranes and attachments, rough terrain cranes, boom trucks, tower cranes, and other construction related rental equipment. Most attachments are rented separately and increase either the lifting capacity or the reach capabilities of the base crawler cranes and tower cranes. It also offers transportation, rigging and repair and maintenance services while equipment is on rent. It also provides repairs and maintenance services for customers that own their own equipment and request its services at one of its service center locations. Its target customers for these ancillary services are its current rental customers, customers that own their own equipment and those who purchase new and used equipment from the Company. Its parts and services operations are conducted through its Coast Crane subsidiary. Its operations are also subject to federal, state and local laws and regulations pertaining to occupational safety and health, most notably standards promulgated by OSHA. It is subject to various OSHA regulations that primarily deal with maintaining a safe work-place environment.

Executives

John M Climaco	director	PO BOX 326, PARK CITY UT 84060
Lee D Keddie	director	1110 W. LAKE COOK ROAD SUITE 220 BUFFALO GROVE IL 60089
William W Fox	director	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Nicholas J. Matthews	director, officer: Chief Executive Officer	C/O C/O FREIGHTCAR AMERICA, INC., TWO NORTH RIVERSIDE PLAZA, SUITE 1250, CHICAGO IL 60606
John G. Nestor	director	C/O ESSEX RENTAL CORP., 1110 LAKE COOK ROAD, SUITE 220, BUFFALO GROVE IL 60089
David M Knott	10 percent owner	485 UNDERHILL BLVD, STE 205, SYOSSET NY 11791-3419
C4s & Co Llc	10 percent owner	RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Morgan B Stark	10 percent owner, other: See Explanation of Responses	C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Ramius Advisors Llc	10 percent owner	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Jeffrey M Solomon	10 percent owner, other: See Explanation of Responses	599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Rcg Enterprise Ltd	10 percent owner	599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Cowen Inc.	10 percent owner	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Ramius Llc	10 percent owner	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Ramius Capital Group Llc	10 percent owner	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Thomas W Strauss	10 percent owner, other: See Explanation of Responses	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022

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