InterAmerican Gaming (InterAmerican Gaming) EBIT : $-2.25 Mil (TTM As of Sep. 2012)

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What is InterAmerican Gaming EBIT?

InterAmerican Gaming's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2012 was $-0.40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2012 was $-2.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. InterAmerican Gaming's annualized ROC % for the quarter that ended in Sep. 2012 was -31,840.00%. InterAmerican Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was -39,800.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. InterAmerican Gaming's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was -2,043.64%.

InterAmerican Gaming EBIT Historical Data

The historical data trend for InterAmerican Gaming'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.

InterAmerican Gaming EBIT Chart

InterAmerican Gaming Annual Data

Trend

Sep03

Sep04

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

EBIT

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-1.02

-1.95

-0.16

-0.02

-2.25

InterAmerican Gaming Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
EBIT	Get a 7-Day Free Trial															-0.02	-0.98	-0.22	-0.66	-0.40

Competitive Comparison of InterAmerican Gaming's EBIT

For the Gambling subindustry, InterAmerican Gaming'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.

InterAmerican Gaming's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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

InterAmerican Gaming 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.25 Mil.

InterAmerican Gaming (OTCPK:IAGM) EBIT Explanation

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

InterAmerican Gaming's annualized ROC % for the quarter that ended in Sep. 2012 is calculated as:

	ROC % (Q: Sep. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2012 )	+	Invested Capital (Q: Sep. 2012 ))	/ count )
=	-1.592 * ( 1 - 0% )	/	( (0.0010000000000001	+	0.009)	/ 2 )
=	-1.592	/	0.0050000000000001
=	-31,840.00 %

where

	Invested Capital		(Q: Jun. 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	))
=	0.174	-	0.807	-	( 0.096	-	max(0, 0.807	-	0.173	+	0.096	))
=	0.0010000000000001

	Invested Capital		(Q: Sep. 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	))
=	0.084	-	0.962	-	( 0.005	-	max(0, 0.964	-	0.077	+	0.005	))
=	0.009

Note: The Operating Income data used here is four times the quarterly (Sep. 2012) data.

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

InterAmerican Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2012		Q: Sep. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.592	/	( ( (0.001 + max(-0.807, 0))	+	(0.007 + max(-0.961, 0)) )	/	2 )
=	-1.592	/	( ( 0.001	+	0.007 )	/	2 )
=	-1.592	/	0.004
=	-39,800.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.807	+	0	+	0)
=	-0.807

	Working Capital		(Q: Sep. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.962	+	0	+	-0.001)
=	-0.961

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2012) EBIT data.

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

InterAmerican Gaming's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2012 )
	=	-2.248	/	0.110
	=	-2,043.64 %

InterAmerican Gaming EBIT Related Terms

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InterAmerican Gaming (InterAmerican Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » InterAmerican Gaming Inc (OTCPK:IAGM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.interamericangaming.com

InterAmerican Gaming, Inc., was incorporated on 2 September 1999 in the State of Nevada. The Company develops international gaming operations. The Company leased video lottery terminal slot machines from a related party and began deploying the assets in non-owned gaming locations. In 2009, the Company installed slot machines at Fantasy Club Del Peru SA locations, operating under various brands throughout the country Slot City in Chiclayo, Colibri Dorado in Chincha and Monos Dorados in Huacho and Huaral.

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