Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) EBIT : ₺0.19 Mil (TTM As of Sep. 2011)

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What is Ericom Telekomunikasyon ve Enerji Teknolojileri AS EBIT?

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2011 was ₺0.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2011 was ₺0.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's annualized ROC % for the quarter that ended in Sep. 2011 was 15.85%. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2011 was 23.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2011 was 1.22%.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS EBIT Historical Data

The historical data trend for Ericom Telekomunikasyon ve Enerji Teknolojileri AS'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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS EBIT Chart

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Annual Data

Trend

Dec08

Dec09

Dec10

EBIT

0.17

0.51

0.82

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Quarterly Data
	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
EBIT	Get a 7-Day Free Trial				-0.05	-0.02	0.04	-0.01	0.18

Competitive Comparison of Ericom Telekomunikasyon ve Enerji Teknolojileri AS's EBIT

For the Industrial Distribution subindustry, Ericom Telekomunikasyon ve Enerji Teknolojileri AS'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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's EV-to-EBIT Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ericom Telekomunikasyon ve Enerji Teknolojileri AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ericom Telekomunikasyon ve Enerji Teknolojileri AS's EV-to-EBIT falls into.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺0.19 Mil.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) EBIT Explanation

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

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's annualized ROC % for the quarter that ended in Sep. 2011 is calculated as:

	ROC % (Q: Sep. 2011 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2011 )	+	Invested Capital (Q: Sep. 2011 ))	/ count )
=	0.72 * ( 1 - 30.08% )	/	( (2.917	+	3.436)	/ 2 )
=	0.503424	/	3.1765
=	15.85 %

where

	Invested Capital		(Q: Jun. 2011 )
=	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	))
=	10.731	-	1.88	-	( 5.934	-	max(0, 1.951	-	10.342	+	5.934	))
=	2.917

	Invested Capital		(Q: Sep. 2011 )
=	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	))
=	11.033	-	2.109	-	( 5.488	-	max(0, 2.161	-	10.656	+	5.488	))
=	3.436

Note: The Operating Income data used here is four times the quarterly (Sep. 2011) data.

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

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2011 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2011 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2011		Q: Sep. 2011
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.72	/	( ( (0.346 + max(2.455, 0))	+	(0.336 + max(3.005, 0)) )	/	2 )
=	0.72	/	( ( 2.801	+	3.341 )	/	2 )
=	0.72	/	3.071
=	23.45 %

where Working Capital is:

	Working Capital		(Q: Jun. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.71	+	0.553	+	1.143)	-	(1.88	+	0	+	0.071)
=	2.455

	Working Capital		(Q: Sep. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.466	+	0.878	+	0.822)	-	(2.109	+	0	+	0.052)
=	3.005

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

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

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2011 )
	=	0.191	/	15.620
	=	1.22 %

Ericom Telekomunikasyon ve Enerji Teknolojileri AS EBIT Related Terms

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Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cd. USO Center, Merkezi No:245 Kat:17, Istanbul, TUR

Website

http://www.ericom.com.tr

Ericom Telekomunikasyon ve Enerji Teknolojileri A.S. is engaged in the supply of energy storage systems. The Company markets lead acid, lithium-ferrite, and vanadium redox type flow battery systems to cellular communications services providers.

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