Fortune Industries, (FRA:FD9A) EBIT : €-0.92 Mil (TTM As of Mar. 2013)

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What is Fortune Industries, EBIT?

Fortune Industries,'s earnings before interest and taxes (EBIT) for the three months ended in Mar. 2013 was €-2.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2013 was €-0.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortune Industries,'s annualized ROC % for the quarter that ended in Mar. 2013 was -95.44%. Fortune Industries,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2013 was -8,035.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortune Industries,'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2013 was -300.00%.

Fortune Industries, EBIT Historical Data

The historical data trend for Fortune Industries,'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.

Fortune Industries, EBIT Chart

Fortune Industries, Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Jun09

Jun10

Jun11

Jun12

EBIT

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-10.63

0.45

0.77

1.36

1.88

Fortune Industries, Quarterly Data
	May08	Aug08	Nov08	Feb09	May09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
EBIT	Get a 7-Day Free Trial															0.42	0.49	0.68	0.41	-2.50

Competitive Comparison of Fortune Industries,'s EBIT

For the Staffing & Employment Services subindustry, Fortune Industries,'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.

Fortune Industries,'s EV-to-EBIT Distribution in the Business Services Industry

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

* The bar in red indicates where Fortune Industries,'s EV-to-EBIT falls into.

Fortune Industries, 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 Mar. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.92 Mil.

Fortune Industries, (FRA:FD9A) EBIT Explanation

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

Fortune Industries,'s annualized ROC % for the quarter that ended in Mar. 2013 is calculated as:

	ROC % (Q: Mar. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2012 )	+	Invested Capital (Q: Mar. 2013 ))	/ count )
=	-10.012 * ( 1 - -0.8% )	/	( (12.035	+	9.114)	/ 2 )
=	-10.092096	/	10.5745
=	-95.44 %

where

	Invested Capital		(Q: Dec. 2012 )
=	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	))
=	22.152	-	6.47	-	( 4.9	-	max(0, 6.54	-	10.187	+	4.9	))
=	12.035

	Invested Capital		(Q: Mar. 2013 )
=	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	))
=	20.036	-	6.981	-	( 6.015	-	max(0, 7.056	-	10.997	+	6.015	))
=	9.114

Note: The Operating Income data used here is four times the quarterly (Mar. 2013) data.

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

Fortune Industries,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2012		Q: Mar. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-10.004	/	( ( (0.132 + max(-1.253, 0))	+	(0.117 + max(-2.074, 0)) )	/	2 )
=	-10.004	/	( ( 0.132	+	0.117 )	/	2 )
=	-10.004	/	0.1245
=	-8,035.34 %

where Working Capital is:

	Working Capital		(Q: Dec. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.144	+	0	+	3.143)	-	(6.47	+	0	+	0.07)
=	-1.253

	Working Capital		(Q: Mar. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.78	+	0	+	3.202)	-	(6.981	+	0	+	0.075)
=	-2.074

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2013) EBIT data.

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

Fortune Industries,'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2013 )
	=	-0.921	/	0.307
	=	-300.00 %

Fortune Industries, EBIT Related Terms

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Fortune Industries, (FRA:FD9A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fortune Industries, Inc. (FRA:FD9A) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ffi.net

Fortune Industries Inc Fortune Industries, Inc. was incorporated in the state of Delaware in 1988, restructured in 2000 and redomesticated to the state of Indiana in May 2005. The Company provides full service human resources outsourcing services through co-employment relationships with their clients. Effective November 30, 2008, the Company approved the sale of all of the remaining operating subsidiaries within four of the five segments, as Wireless Infrastructure, Transportation Infrastructure, Ultraviolet Technologies, and Electronics Integration, to a related party. Consequently, as of the effective date of the transaction, the Business Solutions segment is the Company's remaining operating segment. The Business Solutions segment is comprised of Professional Employer Organizations (PEOs) which provide full-service human resources outsourcing services through co-employment relationships with their clients. Companies operating in the Business Solutions Segment include Professional Staff Management, Inc. and subsidiaries (PSM); CSM, Inc. and subsidiaries and related entities (CSM); Precision Employee Management, LLC (PEM); and Employer Solutions Group, Inc. and related entities (ESG). The Companies in the Business Solutions segment bill their clients under Professional Services Agreements as licensed PEOs. The billing includes amounts for the client's gross wages, payroll taxes, employee benefits, workers' compensation insurance and an administration fee. The administration fee charged by the companies in this segment is typically a percentage of the gross payroll and is sufficient to allow the companies in this segment to provide payroll administration services, human resources consulting services, worksite safety training, and employment regulatory compliance for no additional fees. The Companies in the Business Solutions segment compete with other PEOs, third-party payroll processing and human resources consulting companies, and in-house human resources divisions. The Company's Business Solutions segment is subject to various federal, state and local laws and regulations pertaining to various employee benefit plans, employee retirement plans, Section 125 cafeteria plans, group health plans, welfare benefit plans and health care flexible spending accounts.

Fortune Industries, (FRA:FD9A) Headlines

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