McHenry Metals Golf (McHenry Metals Golf) EBIT : $-0.87 Mil (TTM As of Sep. 2001)

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What is McHenry Metals Golf EBIT?

McHenry Metals Golf's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2001 was $-0.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2001 was $-0.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. McHenry Metals Golf's annualized ROC % for the quarter that ended in Sep. 2001 was -26.16%. McHenry Metals Golf's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2001 was -402.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. McHenry Metals Golf's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2001 was -673.64%.

McHenry Metals Golf EBIT Historical Data

The historical data trend for McHenry Metals Golf'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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McHenry Metals Golf EBIT Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

EBIT

-4.81

-0.91

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
EBIT	Get a 7-Day Free Trial			-0.23	-0.52	-0.25	-0.03	-0.07

Competitive Comparison of McHenry Metals Golf's EBIT

For the Leisure subindustry, McHenry Metals Golf'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.

McHenry Metals Golf's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, McHenry Metals Golf's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where McHenry Metals Golf's EV-to-EBIT falls into.

McHenry Metals Golf 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 Sep. 2001 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.87 Mil.

McHenry Metals Golf (OTCPK:GLFN) EBIT Explanation

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

McHenry Metals Golf's annualized ROC % for the quarter that ended in Sep. 2001 is calculated as:

	ROC % (Q: Sep. 2001 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2001 )	+	Invested Capital (Q: Sep. 2001 ))	/ count )
=	-0.276 * ( 1 - % )	/	( (1.057	+	1.053)	/ 2 )
=	-0.276	/	1.055
=	-26.16 %

where

	Invested Capital		(Q: Jun. 2001 )
=	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	))
=	0.17	-	0.961	-	( 0.001	-	max(0, 1.918	-	0.07	+	0.001	))
=	1.057

	Invested Capital		(Q: Sep. 2001 )
=	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	))
=	0.099	-	0.978	-	( 0	-	max(0, 1.939	-	0.007	+	0	))
=	1.053

Note: The Operating Income data used here is four times the quarterly (Sep. 2001) data.

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

McHenry Metals Golf's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2001 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2001 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2001		Q: Sep. 2001
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.276	/	( ( (0.07 + max(-1.139, 0))	+	(0.067 + max(-1.264, 0)) )	/	2 )
=	-0.276	/	( ( 0.07	+	0.067 )	/	2 )
=	-0.276	/	0.0685
=	-402.92 %

where Working Capital is:

	Working Capital		(Q: Jun. 2001 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.063	+	0.006)	-	(0.961	+	0	+	0.247)
=	-1.139

	Working Capital		(Q: Sep. 2001 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.007)	-	(0.978	+	0	+	0.293)
=	-1.264

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2001) EBIT data.

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

McHenry Metals Golf's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2001 )
	=	-0.869	/	0.129
	=	-673.64 %

McHenry Metals Golf EBIT Related Terms

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McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

McHenry Metals Golf (McHenry Metals Golf) Headlines

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