KYN Capital Group (KYN Capital Group) EBIT : $3.72 Mil (TTM As of Sep. 2010)

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What is KYN Capital Group EBIT?

KYN Capital Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2010 was $0.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2010 was $3.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KYN Capital Group's annualized ROC % for the quarter that ended in Sep. 2010 was 6.06%. KYN Capital Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2010 was 14.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KYN Capital Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2010 was 89.77%.

KYN Capital Group EBIT Historical Data

The historical data trend for KYN Capital Group'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.

KYN Capital Group EBIT Chart

KYN Capital Group Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

EBIT

2.96

2.82

2.77

3.53

3.44

KYN Capital Group Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
EBIT	Get a 7-Day Free Trial														0.96	1.08	0.84	0.85	0.95

Competitive Comparison of KYN Capital Group's EBIT

For the Credit Services subindustry, KYN Capital Group'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.

KYN Capital Group's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, KYN Capital Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where KYN Capital Group's EV-to-EBIT falls into.

KYN Capital Group 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.72 Mil.

KYN Capital Group (OTCPK:KYNC) EBIT Explanation

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

KYN Capital Group's annualized ROC % for the quarter that ended in Sep. 2010 is calculated as:

	ROC % (Q: Sep. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2010 )	+	Invested Capital (Q: Sep. 2010 ))	/ count )
=	3.8 * ( 1 - 25.11% )	/	( (46.068	+	47.832)	/ 2 )
=	2.84582	/	46.95
=	6.06 %

where

	Invested Capital		(Q: Jun. 2010 )
=	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	))
=	46.724	-	7.819	-	( 0.145	-	max(0, 8.052	-	0.889	+	0.145	))
=	46.068

	Invested Capital		(Q: Sep. 2010 )
=	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	))
=	48.406	-	8.255	-	( 0.083	-	max(0, 8.498	-	0.817	+	0.083	))
=	47.832

Note: The Operating Income data used here is four times the quarterly (Sep. 2010) data.

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

KYN Capital Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2010		Q: Sep. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.8	/	( ( (25.652 + max(-7.87, 0))	+	(27.148 + max(-8.335, 0)) )	/	2 )
=	3.8	/	( ( 25.652	+	27.148 )	/	2 )
=	3.8	/	26.4
=	14.39 %

where Working Capital is:

	Working Capital		(Q: Jun. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.112	+	0.069	+	0.00099999999999989)	-	(7.819	+	0.232	+	0.00099999999999945)
=	-7.87

	Working Capital		(Q: Sep. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.097	+	0.065	+	0.00099999999999989)	-	(8.255	+	0.244	+	-0.0010000000000012)
=	-8.335

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2010) EBIT data.

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

KYN Capital Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2010 )
	=	3.722	/	4.146
	=	89.77 %

KYN Capital Group EBIT Related Terms

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KYN Capital Group (KYN Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » KYN Capital Group Inc (OTCPK:KYNC) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

800 E College Parkway, Carson City, NV, USA, 89706

Website

https://www.kyncap.com

KYN Capital Group Inc through its wholly-owned subsidiary is involved in real estate acquisitions and asset-based lending. It specializes in acquiring real estate under market value, and the equity that is available for being taken out as capital to be re-invested into, asset-based lending. The company provides asset-based loans for companies and individuals that provide adequate, and suitable collateral for a loan.