Ninetowns Internet Technology Group Co (FRA:NQU) EBIT : €-4.73 Mil (TTM As of Dec. 2013)

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What is Ninetowns Internet Technology Group Co EBIT?

Ninetowns Internet Technology Group Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2013 was €-4.73 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was €-4.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ninetowns Internet Technology Group Co's annualized ROC % for the quarter that ended in Dec. 2013 was -4.12%. Ninetowns Internet Technology Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -7.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ninetowns Internet Technology Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -9.68%.

Ninetowns Internet Technology Group Co EBIT Historical Data

The historical data trend for Ninetowns Internet Technology Group Co'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.

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Ninetowns Internet Technology Group Co EBIT Chart

Ninetowns Internet Technology Group Co Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

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-5.79

-7.12

-4.98

-5.00

-4.73

Ninetowns Internet Technology Group Co Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
EBIT	Get a 7-Day Free Trial								-5.79	-7.12	-4.98	-5.00	-4.73

Competitive Comparison of Ninetowns Internet Technology Group Co's EBIT

For the Software - Infrastructure subindustry, Ninetowns Internet Technology Group Co'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.

Ninetowns Internet Technology Group Co's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Ninetowns Internet Technology Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ninetowns Internet Technology Group Co's EV-to-EBIT falls into.

Ninetowns Internet Technology Group Co 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. 2013 was €-4.73 Mil.

Ninetowns Internet Technology Group Co (FRA:NQU) EBIT Explanation

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

Ninetowns Internet Technology Group Co's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

	ROC % (Q: Dec. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2012 )	+	Invested Capital (Q: Dec. 2013 ))	/ count )
=	-4.73 * ( 1 - -3.18% )	/	( (102.338	+	134.368)	/ 2 )
=	-4.880414	/	118.353
=	-4.12 %

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	))
=	170.677	-	4.506	-	( 66.714	-	max(0, 9.303	-	73.136	+	66.714	))
=	102.338

	Invested Capital		(Q: Dec. 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	))
=	164.705	-	3.484	-	( 53.254	-	max(0, 40.574	-	67.427	+	53.254	))
=	134.368

Note: The Operating Income data used here is one times the annual (Dec. 2013) data.

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

Ninetowns Internet Technology Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2012		Q: Dec. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.73	/	( ( (84.98 + max(-7.913, 0))	+	(42.713 + max(-26.763, 0)) )	/	2 )
=	-4.73	/	( ( 84.98	+	42.713 )	/	2 )
=	-4.73	/	63.8465
=	-7.41 %

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)
=	(0.238	+	0.431	+	0.721)	-	(4.506	+	3.288	+	1.509)
=	-7.913

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.977	+	0.472	+	12.362)	-	(3.484	+	3.79	+	33.3)
=	-26.763

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2013) EBIT data.

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

Ninetowns Internet Technology Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2013 )
	=	-4.73	/	48.875
	=	-9.68 %

Ninetowns Internet Technology Group Co EBIT Related Terms

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Ninetowns Internet Technology Group Co Business Description

Industry

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Address

Website

http://www.ninetowns.com

Ninetowns Internet Technology Group Co Ltd was incorporated in the Cayman Islands as a limited liability company on February 8, 2002 as "Ninetowns Digital World Trade Technology Holdings Limited". It changed its name to "Ninetowns Digital World Trade One Technology Holdings Limited" on June 14, 2002 and then to "Ninetowns Digital World Trade Holdings Limited" on April 7, 2003. The Company is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. Its enterprise software products consist of standardized, easy-to-install applications that simplify the declaration and approval process for international trade enterprises in China. Its enterprise software automates and facilitates the processing of the required import/export declarations and approvals in a cost-efficient, user-friendly and legally-compliant manner over the Internet, utilizing an electronic infrastructure it helped build that links together numerous branch offices of the PRC Inspections Administration. Through its software development services, it assists in the development and maintenance of the software systems used to process electronic filings by the PRC Inspections Administration and the data exchange platforms which serve as the interface between such systems and its enterprise software users.

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