Avanta Serviced Office Group (LSE:ASOA) EBIT: £0.83 Mil (TTM As of Jun. 2014)


What is Avanta Serviced Office Group EBIT?

Avanta Serviced Office Group LSE:ASOA EBIT is £0.83 Mil as of Jun. 2014. The stock has 3 warning signs investors should review.

Avanta Serviced Office Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was £2.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was £0.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avanta Serviced Office Group's annualized ROC % for the quarter that ended in Jun. 2014 was 11.55%. Avanta Serviced Office Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 34.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Avanta Serviced Office Group  (LSE:ASOA) EBIT Explanation

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

Avanta Serviced Office Group's annualized ROC % for the quarter that ended in Jun. 2014 is calculated as:

ROC % (Q: Jun. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2013 ) + Invested Capital (Q: Jun. 2014 ))/ count )
=5.006 * ( 1 - 0% )/( (52.503 + 34.217)/ 2 )
=5.006/43.36
=11.55 %

where

Invested Capital(Q: Dec. 2013 )
=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))
=58.104 - 4.275 - ( 8.388 - max(0, 24.91 - 26.236+8.388))
=52.503

Invested Capital(Q: Jun. 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))
=59.967 - 27.522 - ( 11.836 - max(0, 29.757 - 27.985+11.836))
=34.217

Note: The Operating Income data used here is two times the semi-annual (Jun. 2014) data.

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

Avanta Serviced Office Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2013  Q: Jun. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.006/( ( (13.986 + max(-6.591, 0)) + (14.659 + max(-11.373, 0)) )/ 2 )
=5.006/( ( 13.986 + 14.659 )/ 2 )
=5.006/14.3225
=34.95 %

where Working Capital is:

Working Capital(Q: Dec. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.818 + 0.074 + 16.956) - (4.275 + 0 + 20.164)
=-6.591

Working Capital(Q: Jun. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.074 + 16.075) - (27.522 + 0 + 3.5527136788005E-15)
=-11.373

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

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

Avanta Serviced Office Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2014 )
=0.832/0.000
= %

* 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.

Avanta Serviced Office Group EBIT Related Terms

Avanta Serviced Office Group EBIT Historical Data

* Premium members only.

The historical data trend for Avanta Serviced Office 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.

Avanta Serviced Office Group EBIT Chart

Avanta Serviced Office Group Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.49 2.87 -7.48 4.72 -2.53

Avanta Serviced Office Group Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 4.31 -0.86 -1.67 2.50

LSE:ASOA vs AINC, HCAP, OCCAF: EBIT Comparison

For the Asset Management subindustry, Avanta Serviced Office 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.

Avanta Serviced Office Group EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Avanta Serviced Office Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Avanta Serviced Office Group's EV-to-EBIT falls into.


Avanta Serviced Office 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 Jun. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.83 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of £0.83 Mil mean?
Avanta Serviced Office Group (LSE:ASOA) has a EBIT of £0.83 Mil as of Jun. 2014. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Avanta Serviced Office Group.
Is Avanta Serviced Office Group's EBIT too high?
Avanta Serviced Office Group's current EBIT is £0.83 Mil.
How does Avanta Serviced Office Group's EBIT compare to AINC and HCAP?
Avanta Serviced Office Group's EBIT of £0.83 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Avanta Serviced Office Group. Avanta Serviced Office Group's current EBIT is £0.83 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avanta Serviced Office Group stock overvalued right now?
Avanta Serviced Office Group (LSE:ASOA) has a current EBIT of £0.83 Mil. The current EBIT is £0.83 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Avanta Serviced Office Group (LSE:ASOA), the current EBIT is £0.83 Mil as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Avanta Serviced Office Group Business Description

Serviced Office Group PLC is engaged in the ownership and operation of serviced office accommodation. Its reportable segments are Serviced office business and Managed serviced offices. Serviced office business undertaken in the group's freehold and leasehold properties; and Managed serviced office business undertaken under management contracts on behalf of third parties. The Group operates solely from the UK.