Tinci Holdings (LSE:TNCS) EBIT: £-0.25 Mil (TTM As of Jun. 2014)


What is Tinci Holdings EBIT?

Tinci Holdings LSE:TNCS EBIT is £-0.25 Mil as of Jun. 2014. The stock has 2 warning signs investors should review.

Tinci Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was £-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was £-0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tinci Holdings's annualized ROC % for the quarter that ended in Jun. 2014 was -3.46%. Tinci Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was -4.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tinci Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was -0.79%.

Tinci Holdings  (LSE:TNCS) EBIT Explanation

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

Tinci Holdings'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 )
=-0.512 * ( 1 - 0% )/( (16.001 + 13.629)/ 2 )
=-0.512/14.815
=-3.46 %

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))
=24.127 - 5.74 - ( 2.386 - max(0, 9.972 - 20.482+2.386))
=16.001

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))
=25.216 - 10.364 - ( 1.223 - max(0, 12.087 - 21.766+1.223))
=13.629

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:

Tinci Holdings'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 )
=-0.38/( ( (1.056 + max(8.124, 0)) + (0.954 + max(8.456, 0)) )/ 2 )
=-0.38/( ( 9.18 + 9.41 )/ 2 )
=-0.38/9.295
=-4.09 %

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)
=(11.922 + 0 + 6.174) - (5.74 + 0 + 4.232)
=8.124

Working Capital(Q: Jun. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.856 + 0 + 0.687) - (10.364 + 0 + 1.723)
=8.456

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:

Tinci Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2014 )
=-0.252/31.770
=-0.79 %

* 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.

Tinci Holdings EBIT Related Terms

Tinci Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Tinci Holdings'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.

Tinci Holdings EBIT Chart

Tinci Holdings Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
EBIT
Get a 7-Day Free Trial Premium Member Only 0.26 -0.06 0.27 -0.28 0.17

Tinci Holdings Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Dec12 Jun13 Dec13 Jun14
EBIT Get a 7-Day Free Trial Premium Member Only 0.17 -0.25 0.24 -0.06 -0.19

LSE:TNCS vs CCTC: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Tinci Holdings'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.

Tinci Holdings EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tinci Holdings's EV-to-EBIT distribution charts can be found below:

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


Tinci Holdings 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 £-0.25 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 £-0.25 Mil mean?
Tinci Holdings (LSE:TNCS) has a EBIT of £-0.25 Mil as of Jun. 2014. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tinci Holdings.
Is Tinci Holdings' EBIT too high?
Tinci Holdings' current EBIT is £-0.25 Mil.
How does Tinci Holdings' EBIT compare to CCTC?
Tinci Holdings' EBIT of £-0.25 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good EBIT depends on the Industrial Products 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 Tinci Holdings. Tinci Holdings's current EBIT is £-0.25 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tinci Holdings stock overvalued right now?
Tinci Holdings (LSE:TNCS) has a current EBIT of £-0.25 Mil. The current EBIT is £-0.25 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 Tinci Holdings (LSE:TNCS), the current EBIT is £-0.25 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.

Tinci Holdings Business Description

Tinci Holdings Ltd is engaged in the design, sale and installation of environmental engineering systems to power industry customers and other heavy power users in China. Its core business is the design and management of Flue Gas Desulphurization engineering projects which involve processes to reduce or minimize sulphur dioxide content in industrial and utility coal-fired boiler flue gases.