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ClearDebt Group (LSE:CLEA) EBIT : £1.09 Mil (TTM As of Dec. 2012)


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What is ClearDebt Group EBIT?

ClearDebt Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2012 was £0.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was £1.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ClearDebt Group's annualized ROC % for the quarter that ended in Dec. 2012 was 6.79%. ClearDebt Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 54.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ClearDebt Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 141.76%.

ClearDebt Group EBIT Historical Data

The historical data trend for ClearDebt 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.

ClearDebt Group EBIT Chart

ClearDebt Group Annual Data
Trend Dec02 Dec03 Dec04 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.13 0.58 0.67 0.76 1.42

ClearDebt Group Semi-Annual Data
Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12
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 0.30 0.46 0.75 0.67 0.42

Competitive Comparison of ClearDebt Group's EBIT

For the Asset Management subindustry, ClearDebt 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.

ClearDebt Group's EV-to-EBIT Distribution in the Asset Management Industry

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

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


ClearDebt 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 Dec. 2012 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.09 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.

ClearDebt Group  (LSE:CLEA) EBIT Explanation

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

ClearDebt Group's annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

ROC % (Q: Dec. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2012 ) + Invested Capital (Q: Dec. 2012 ))/ count )
=0.844 * ( 1 - 29.27% )/( (9.063 + 8.527)/ 2 )
=0.5969612/8.795
=6.79 %

where

Invested Capital(Q: Jun. 2012 )
=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))
=9.966 - 0.785 - ( 0.462 - max(0, 3.773 - 3.891+0.462))
=9.063

Invested Capital(Q: Dec. 2012 )
=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))
=10.321 - 1.25 - ( 1.406 - max(0, 4.018 - 4.562+1.406))
=8.527

Note: The Operating Income data used here is two times the semi-annual (Dec. 2012) data.

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

ClearDebt Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2012  Q: Dec. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.844/( ( (0.376 + max(2.253, 0)) + (0.458 + max(-0.862, 0)) )/ 2 )
=0.844/( ( 2.629 + 0.458 )/ 2 )
=0.844/1.5435
=54.68 %

where Working Capital is:

Working Capital(Q: Jun. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 3.429) - (0.785 + 0 + 0.391)
=2.253

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 3.156) - (1.25 + 0 + 2.768)
=-0.862

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2012 )
=1.093/0.771
=141.76 %

* 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.

ClearDebt Group EBIT Related Terms

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