Green Ballast (Green Ballast) EBIT : $-1.67 Mil (TTM As of Dec. 2014)

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What is Green Ballast EBIT?

Green Ballast's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2014 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2014 was $-1.67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Green Ballast's annualized ROC % for the quarter that ended in Dec. 2014 was 0.00%. Green Ballast's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Green Ballast's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -0.09%.

Green Ballast EBIT Historical Data

The historical data trend for Green Ballast'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.

Green Ballast EBIT Chart

Green Ballast Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

EBIT

-4.87

-1.98

-0.67

Green Ballast Quarterly Data
	Sep11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Dec13	Dec14
EBIT	Get a 7-Day Free Trial				-1.12	-0.92	-0.75	-	-

Competitive Comparison of Green Ballast's EBIT

For the Electrical Equipment & Parts subindustry, Green Ballast'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.

Green Ballast's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Green Ballast's EV-to-EBIT distribution charts can be found below:

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

Green Ballast 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 $-1.67 Mil.

Green Ballast (GREY:GBLL) EBIT Explanation

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

Green Ballast'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: Dec. 2013 )	+	Invested Capital (Q: Dec. 2014 ))	/ count )
=	0 * ( 1 - 0% )	/	( (6.215	+	6.237)	/ 2 )
=	0	/	6.226
=	0.00 %

where

	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	))
=	2.354	-	2.314	-	( 0.03	-	max(0, 6.993	-	0.818	+	0.03	))
=	6.215

	Invested Capital		(Q: Dec. 2014 )
=	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	))
=	1.929	-	2.634	-	( 0.004	-	max(0, 7.47	-	0.528	+	0.004	))
=	6.237

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

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

Green Ballast'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: Dec. 2013		Q: Dec. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0.021 + max(-2.033, 0))	+	(0.014 + max(-2.736, 0)) )	/	2 )
=	0	/	( ( 0.021	+	0.014 )	/	2 )
=	0	/	0.0175
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.338	+	0.439	+	0.011)	-	(2.314	+	0	+	0.507)
=	-2.033

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.007	+	0.507	+	0.01)	-	(2.634	+	0	+	0.626)
=	-2.736

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:

Green Ballast's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2014 )
	=	-1.667	/	1878.748
	=	-0.09 %

Green Ballast EBIT Related Terms

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Green Ballast (Green Ballast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Green Ballast Inc (GREY:GBLL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2620 Thousand Oaks Boulevard, Suite 4000, Memphis, TN, USA, 38118

Website

http://www.greenballastinc.com

Green Ballast Inc develops, markets and distributes energy-efficient electronic ballasts for fluorescent fixtures in the lighting industry. The company's electronic ballast is used with a fluorescent bulb to regulate the amount of electric current delivered to start and operate the bulb. It offers energy-efficient electronic ballasts as an alternative to traditional ballasts and existing daylight harvesting ballasts. Its product daylight harvesting ballasts can be applied to two-lamp, three-lamp, or four-lamp light fixtures.

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