Vimicro International (FRA:V7I) EBIT : €13.09 Mil (TTM As of Jun. 2015)

View and export this data going back to . Start your Free Trial

What is Vimicro International EBIT?

Vimicro International's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2015 was €5.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was €13.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vimicro International's annualized ROC % for the quarter that ended in Jun. 2015 was 12.83%. Vimicro International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 39.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vimicro International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 4.25%.

Vimicro International EBIT Historical Data

The historical data trend for Vimicro International'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.

Vimicro International EBIT Chart

Vimicro International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

Get a 7-Day Free Trial

-5.14

-21.75

-4.35

-7.94

4.24

Vimicro International Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
EBIT	Get a 7-Day Free Trial															-0.87	3.43	4.14	0.14	5.37

Competitive Comparison of Vimicro International's EBIT

For the Semiconductors subindustry, Vimicro International'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.

Vimicro International's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Vimicro International's EV-to-EBIT distribution charts can be found below:

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

Vimicro International 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 Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €13.09 Mil.

Vimicro International (FRA:V7I) EBIT Explanation

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

Vimicro International's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2015 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	21.48 * ( 1 - 9.4% )	/	( (148.694	+	154.682)	/ 2 )
=	19.46088	/	151.688
=	12.83 %

where

	Invested Capital		(Q: Mar. 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	))
=	279.735	-	77.476	-	( 53.565	-	max(0, 128.488	-	209.807	+	53.565	))
=	148.694

	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	))
=	252.005	-	63.763	-	( 33.56	-	max(0, 101.178	-	179.779	+	33.56	))
=	154.682

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

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

Vimicro International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2015		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	21.48	/	( ( (53.226 + max(-81.436, 0))	+	(56.094 + max(-58.303, 0)) )	/	2 )
=	21.48	/	( ( 53.226	+	56.094 )	/	2 )
=	21.48	/	54.66
=	39.30 %

where Working Capital is:

	Working Capital		(Q: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24.059	+	13.942	+	7.246)	-	(77.476	+	49.207	+	0)
=	-81.436

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.772	+	13.557	+	7.797)	-	(63.763	+	35.666	+	0)
=	-58.303

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

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

Vimicro International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	13.085	/	308.053
	=	4.25 %

Vimicro International EBIT Related Terms

Thank you for viewing the detailed overview of Vimicro International's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Vimicro International (FRA:V7I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vimicro International Corp (FRA:V7I) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.vimicro.com

Vimicro International is one of China's leading semiconductor design companies. The firm makes mixed-signal multimedia chips used in PC, embedded notebook webcams, mobile phones, and video cameras. The firm recently launched a surveillance segment that provides comprehensive security systems to customers, bundling its chips with other hardware, software, and nonsoftware acquired from third party vendors. The company was founded in 1999.

Vimicro International (FRA:V7I) Headlines

No Headlines