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Vitesse Semiconductor (FRA:VTSN) EBIT : €-8.90 Mil (TTM As of Dec. 2014)


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What is Vitesse Semiconductor EBIT?

Vitesse Semiconductor's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2014 was €-3.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2014 was €-8.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vitesse Semiconductor's annualized ROC % for the quarter that ended in Dec. 2014 was -54.54%. Vitesse Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -262.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vitesse Semiconductor's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -2.72%.


Vitesse Semiconductor EBIT Historical Data

The historical data trend for Vitesse Semiconductor'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.

Vitesse Semiconductor EBIT Chart

Vitesse Semiconductor Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.99 -5.07 1.27 -11.58 -7.59

Vitesse Semiconductor Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 -1.62 -3.17 -1.86 -0.51 -3.37

Competitive Comparison of Vitesse Semiconductor's EBIT

For the Semiconductors subindustry, Vitesse Semiconductor'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.


Vitesse Semiconductor's EV-to-EBIT Distribution in the Semiconductors Industry

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

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



Vitesse Semiconductor 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 Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8.90 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.


Vitesse Semiconductor  (FRA:VTSN) EBIT Explanation

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

Vitesse Semiconductor's annualized ROC % for the quarter that ended in Dec. 2014 is calculated as:

ROC % (Q: Dec. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2014 ) + Invested Capital (Q: Dec. 2014 ))/ count )
=-13.464 * ( 1 - -0.89% )/( (34.971 + 14.845)/ 2 )
=-13.5838296/24.908
=-54.54 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2014) data.

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

Vitesse Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2014  Q: Dec. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-13.464/( ( (2.218 + max(1.005, 0)) + (2.362 + max(4.678, 0)) )/ 2 )
=-13.464/( ( 3.223 + 7.04 )/ 2 )
=-13.464/5.1315
=-262.38 %

where Working Capital is:

Working Capital(Q: Sep. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.42 + 9.927 + 1.428) - (14.966 + 3.804 + -7.105427357601E-15)
=1.005

Working Capital(Q: Dec. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.176 + 12.737 + 3.064) - (14.188 + 5.111 + 0)
=4.678

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2014) EBIT data.

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

Vitesse Semiconductor's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2014 )
=-8.9/326.747
=-2.72 %

* 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.


Vitesse Semiconductor EBIT Related Terms

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Vitesse Semiconductor (FRA:VTSN) Business Description

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Vitesse Semiconductor Corp is incorporated in Delaware. The Company is a supplier of high-performance integrated circuits (ICs) that are used by manufacturers of networking systems for Carrier and Enterprise networking applications. The Company designs, develops and markets a diverse portfolio of high-performance, low-power and cost-competitive networking and connectivity IC solutions. The Company's customers include networking original equipment manufacturers (OEMs) and original design manufacturers (ODMs) worldwide such as Alcatel-Lucent, Ciena, Cisco Systems, Dell, IBM, Ericsson, Fiberhome, Hewlett-Packard, Huawei Technologies, Juniper Networks, Nokia Siemens Networks, Samsung, Tellabs, ZTE, and ZyXel.

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