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MNC Strategic Investments (LSE:MNCS) EBIT : £1.01 Mil (TTM As of Sep. 2014)


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What is MNC Strategic Investments EBIT?

MNC Strategic Investments's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2014 was £1.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2014 was £1.01 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MNC Strategic Investments's annualized ROC % for the quarter that ended in Sep. 2014 was 179.50%. MNC Strategic Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MNC Strategic Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was 114.07%.

MNC Strategic Investments EBIT Historical Data

The historical data trend for MNC Strategic Investments'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.

MNC Strategic Investments EBIT Chart

MNC Strategic Investments Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14
EBIT
-1.24 -0.09 -1.63 -2.18 -0.39

MNC Strategic Investments Semi-Annual Data
Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
EBIT Get a 7-Day Free Trial -2.06 0.02 -0.20 -0.20 1.21

Competitive Comparison of MNC Strategic Investments's EBIT

For the Asset Management subindustry, MNC Strategic Investments'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.

MNC Strategic Investments's EV-to-EBIT Distribution in the Asset Management Industry

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

* The bar in red indicates where MNC Strategic Investments's EV-to-EBIT falls into.


MNC Strategic Investments 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.01 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.

MNC Strategic Investments  (LSE:MNCS) EBIT Explanation

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

MNC Strategic Investments's annualized ROC % for the quarter that ended in Sep. 2014 is calculated as:

ROC % (Q: Sep. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2014 ) + Invested Capital (Q: Sep. 2014 ))/ count )
=2.382 * ( 1 - 0% )/( (2.555 + 0.099)/ 2 )
=2.382/1.327
=179.50 %

where

Invested Capital(Q: Mar. 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))
=0.004 - 0.378 - ( 0.002 - max(0, 2.933 - 0.004+0.002))
=2.555

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))
=0.279 - 0.008 - ( 0.279 - max(0, 0.107 - 0.279+0.279))
=0.099

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

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

MNC Strategic Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2014  Q: Sep. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.414/( ( (0 + max(-1.757, 0)) + (0 + max(-0.008, 0)) )/ 2 )
=2.414/( ( 0 + 0 )/ 2 )
=2.414/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.002) - (0.378 + 0 + 1.381)
=-1.757

Working Capital(Q: Sep. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.008 + 0 + -1.3877787807814E-17)
=-0.008

When net working capital is negative, 0 is used.

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

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

MNC Strategic Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2014 )
=1.005/0.881
=114.07 %

* 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.

MNC Strategic Investments EBIT Related Terms

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MNC Strategic Investments (LSE:MNCS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MNC Strategic Investments PLC (LSE:MNCS) » Definitions » EBIT
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Website
http://www.mncs-inv.com
MNC Strategic Investments PLC is an investment holding company incorporated in England and Wales on February 22, 2012. The Company's Investing Policy is to procure suitable acquisition and investment opportunities in quoted and unquoted businesses, or to invest in projects that are in the technology media and internet sectors. The Company has investment focus on Asia, including but not limited to Hong Kong, Singapore and China.

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