ISHAQ.PFD (International Shipholding) EBIT : $-164.63 Mil (TTM As of Mar. 2016)

View and export this data going back to 2013. Start your Free Trial

What is International Shipholding EBIT?

International Shipholding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2016 was $-5.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $-164.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Shipholding's annualized ROC % for the quarter that ended in Mar. 2016 was -4.73%. International Shipholding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was -10.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Shipholding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was -89.38%.

International Shipholding EBIT Historical Data

The historical data trend for International Shipholding'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.

International Shipholding EBIT Chart

International Shipholding Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

Get a 7-Day Free Trial

43.00

32.43

17.43

-34.54

-161.86

International Shipholding Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
EBIT	Get a 7-Day Free Trial															-2.69	1.61	-3.80	-156.98	-5.45

Competitive Comparison of International Shipholding's EBIT

For the Marine Shipping subindustry, International Shipholding'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.

International Shipholding's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, International Shipholding's EV-to-EBIT distribution charts can be found below:

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

International Shipholding 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 Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-164.63 Mil.

International Shipholding (OTCPK:ISHAQ.PFD) EBIT Explanation

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

International Shipholding's annualized ROC % for the quarter that ended in Mar. 2016 is calculated as:

	ROC % (Q: Mar. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2015 )	+	Invested Capital (Q: Mar. 2016 ))	/ count )
=	-17.852 * ( 1 - -0.3% )	/	( (397.371	+	359.409)	/ 2 )
=	-17.905556	/	378.39
=	-4.73 %

where

	Invested Capital		(Q: Dec. 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	))
=	346.302	-	59.456	-	( 9.56	-	max(0, 217.303	-	106.778	+	9.56	))
=	397.371

	Invested Capital		(Q: Mar. 2016 )
=	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	))
=	305.087	-	65.124	-	( 5.989	-	max(0, 178.845	-	59.399	+	5.989	))
=	359.409

Note: The Operating Income data used here is four times the quarterly (Mar. 2016) data.

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

International Shipholding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2015		Q: Mar. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-21.796	/	( ( (188.577 + max(35.094, 0))	+	(181.72 + max(-14.742, 0)) )	/	2 )
=	-21.796	/	( ( 223.671	+	181.72 )	/	2 )
=	-21.796	/	202.6955
=	-10.75 %

where Working Capital is:

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.787	+	7.035	+	62.768)	-	(59.456	+	0	+	1.04)
=	35.094

	Working Capital		(Q: Mar. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.352	+	6.839	+	20.191)	-	(65.124	+	0	+	0)
=	-14.742

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2016 )
	=	-164.625	/	184.182
	=	-89.38 %

International Shipholding EBIT Related Terms

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

International Shipholding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Shipholding Corp (OTCPK:ISHAQ.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.intship.com

International Shipholding Corp was originally founded as Central Gulf Steamship Corporation in 1947. Central Gulf was privately held until 1971 when it merged with Trans Union Corporation ("Trans Union"). In 1978, International Shipholding Corporation was formed to act as a holding company for Central Gulf, LCI, and certain other affiliated companies in connection with the 1979 spin off by Trans Union of its common stock to Trans Union's stockholders. Through its subsidiaries, it operates a fleet of U.S. and International Flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers under medium to long-term time charters or contracts of affreightment. As of December 31, 2014 it owned or operated 54 ocean-going vessels. Its segments include Jones Act, Pure Car Truck Carriers, Dry Bulk Carriers, Rail-Ferry, Specialty Contracts, and Other. Its Rail-Ferry segment faces competition from companies who transport cargo over land rather than water including railroads and trucking companies that cross land borders. The Company's operations between the United States and foreign countries are subject to the Shipping Act of 1984, which is administered by the Federal Maritime Commission, and certain provisions of the Federal Water Pollution Control Act, the Oil Pollution Act of 1990, the Act to Prevent Pollution from Ships, and the Comprehensive Environmental Response Compensation and Liability Act, all of which are administered by the U.S. Coast Guard and other federal agencies, and certain other international, federal, state, and local laws and regulations, including international conventions and laws and regulations of the flag nations of its vessels.