Torotrak (LSE:TRK) EBIT: £-21.46 Mil (TTM As of Mar. 2017)


What is Torotrak EBIT?

Torotrak LSE:TRK EBIT is £-21.46 Mil as of Mar. 2017. The stock has 4 warning signs investors should review.

Torotrak's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2017 was £-17.77 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was £-21.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Torotrak's annualized ROC % for the quarter that ended in Mar. 2017 was -297.70%. Torotrak's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was -2,752.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Torotrak's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 392.83%.

Torotrak  (LSE:TRK) EBIT Explanation

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

Torotrak's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

ROC % (Q: Mar. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2016 ) + Invested Capital (Q: Mar. 2017 ))/ count )
=-35.588 * ( 1 - 9.33% )/( (16.917 + 4.761)/ 2 )
=-32.2676396/10.839
=-297.70 %

where

Invested Capital(Q: Sep. 2016 )
=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))
=25.428 - 0.596 - ( 7.915 - max(0, 1.626 - 9.785+7.915))
=16.917

Invested Capital(Q: Mar. 2017 )
=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))
=8.737 - 0.506 - ( 5.121 - max(0, 2.545 - 6.015+5.121))
=4.761

Note: The Operating Income data used here is two times the semi-annual (Mar. 2017) data.

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

Torotrak's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2016  Q: Mar. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-35.536/( ( (1.375 + max(0.375, 0)) + (0.832 + max(-1.535, 0)) )/ 2 )
=-35.536/( ( 1.75 + 0.832 )/ 2 )
=-35.536/1.291
=-2,752.59 %

where Working Capital is:

Working Capital(Q: Sep. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.357 + 0.176 + 1.337) - (0.596 + 0 + 0.899)
=0.375

Working Capital(Q: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.035 + 0.056 + 0.803) - (0.506 + 0 + 1.923)
=-1.535

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2017) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2017 )
=-21.464/-5.464
=392.83 %

* 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.

Torotrak EBIT Related Terms

Torotrak EBIT Historical Data

* Premium members only.

The historical data trend for Torotrak'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.

Torotrak EBIT Chart

Torotrak Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.46 -4.73 -8.38 -14.21 -21.46

Torotrak Semi-Annual Data
Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
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 -4.55 -9.77 -4.44 -3.70 -17.77

LSE:TRK vs DLPH: EBIT Comparison

For the Auto Parts subindustry, Torotrak'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.

Torotrak EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Torotrak's EV-to-EBIT distribution charts can be found below:

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


Torotrak 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 Mar. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-21.46 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 £-21.46 Mil mean?
Torotrak (LSE:TRK) has a EBIT of £-21.46 Mil as of Mar. 2017. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Torotrak.
Is Torotrak's EBIT too high?
Torotrak's current EBIT is £-21.46 Mil.
How does Torotrak's EBIT compare to DLPH?
Torotrak's EBIT of £-21.46 Mil can be compared against companies in the Vehicles & Parts 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 a Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 Torotrak. Torotrak's current EBIT is £-21.46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torotrak stock overvalued right now?
Torotrak (LSE:TRK) has a current EBIT of £-21.46 Mil. The current EBIT is £-21.46 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 Torotrak (LSE:TRK), the current EBIT is £-21.46 Mil as of Mar. 2017. 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.

Torotrak Business Description

Comparable Companies LSE:SCELSE:AUTGLSE:GKNDLPH
Address 1 Aston Way, Leyland, Lancs, GBR, PR26 7UX
Torotrak PLC is a technology development company. It designs, develops and offers technologies that are focused on products, such as infinitely variable transmissions (IVTs), variable drive superchargers (V-Charge) and mechanical kinetic energy recovery systems (Flybrid). The company operates its business through the following segments, Licence Agreements, Engineering Services, and Development Activities, Including Research and The Creation of New Intellectual Property. Its Flybrid technology relates to high-speed flywheels which are used vehicles, V-Charge technology is used to control emissions in gasoline and diesel engines, and IVTs improves the performance and fuel economy of the vehicle.