Alternatif Yatirim Ortakligi A.S. (IST:ARFYOY) EBIT : ₺0.72 Mil (TTM As of Dec. 2014)

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What is Alternatif Yatirim Ortakligi A.S. EBIT?

Alternatif Yatirim Ortakligi A.S.'s earnings before interest and taxes (EBIT) for the three months ended in Dec. 2014 was ₺0.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2014 was ₺0.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alternatif Yatirim Ortakligi A.S.'s annualized ROC % for the quarter that ended in Dec. 2014 was 203.02%. Alternatif Yatirim Ortakligi A.S.'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was 310.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alternatif Yatirim Ortakligi A.S.'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was 3.28%.

Alternatif Yatirim Ortakligi A.S. EBIT Historical Data

The historical data trend for Alternatif Yatirim Ortakligi A.S.'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.

Alternatif Yatirim Ortakligi A.S. EBIT Chart

Alternatif Yatirim Ortakligi A.S. Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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4.88

0.22

4.63

0.01

0.72

Alternatif Yatirim Ortakligi A.S. Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
EBIT	Get a 7-Day Free Trial															-1.03	0.23	-0.06	0.22	0.33

Competitive Comparison of Alternatif Yatirim Ortakligi A.S.'s EBIT

For the Asset Management subindustry, Alternatif Yatirim Ortakligi A.S.'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.

Alternatif Yatirim Ortakligi A.S.'s EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Alternatif Yatirim Ortakligi A.S.'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Alternatif Yatirim Ortakligi A.S.'s EV-to-EBIT falls into.

Alternatif Yatirim Ortakligi A.S. 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 ₺0.72 Mil.

Alternatif Yatirim Ortakligi A.S. (IST:ARFYOY) EBIT Explanation

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

Alternatif Yatirim Ortakligi A.S.'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 )
=	1.336 * ( 1 - 19.46% )	/	( (0.93	+	0.13)	/ 2 )
=	1.0760144	/	0.53
=	203.02 %

where

	Invested Capital		(Q: Sep. 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	))
=	31.543	-	0	-	( 30.613	-	max(0, 0.081	-	31.53	+	30.613	))
=	0.93

	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	))
=	26.839	-	0.017	-	( 26.785	-	max(0, 0.135	-	26.827	+	26.785	))
=	0.13

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

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

Alternatif Yatirim Ortakligi A.S.'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 )
=	1.336	/	( ( (0.013 + max(0.836, 0))	+	(0.011 + max(-0.092999999999998, 0)) )	/	2 )
=	1.336	/	( ( 0.849	+	0.011 )	/	2 )
=	1.336	/	0.43
=	310.70 %

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)
=	(0	+	0	+	0.917)	-	(0	+	0	+	0.081)
=	0.836

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.042000000000002)	-	(0.017	+	0	+	0.118)
=	-0.092999999999998

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:

Alternatif Yatirim Ortakligi A.S.'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2014 )
	=	0.723	/	22.045
	=	3.28 %

Alternatif Yatirim Ortakligi A.S. EBIT Related Terms

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Alternatif Yatirim Ortakligi A.S. (IST:ARFYOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alternatif Yatirim Ortakligi A.S. (IST:ARFYOY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.arfyo.com

Alternatif Yatirim Ortakligi A.S. provides asset management services. Its services include portfolio management as well as investment management of capital market instruments traded on the domestic and international stock exchanges.

Alternatif Yatirim Ortakligi A.S. (IST:ARFYOY) Headlines

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