Thames River Multi Hedge PCC (LSE:TRMA) EBIT : £ Mil (TTM As of Sep. 2012)

View and export this data going back to . Start your Free Trial

What is Thames River Multi Hedge PCC EBIT?

Thames River Multi Hedge PCC's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2012 was £-0.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thames River Multi Hedge PCC's annualized ROC % for the quarter that ended in Sep. 2012 was -0.20%. Thames River Multi Hedge PCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was %.

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

Thames River Multi Hedge PCC EBIT Historical Data

The historical data trend for Thames River Multi Hedge PCC'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.

Thames River Multi Hedge PCC EBIT Chart

Thames River Multi Hedge PCC Annual Data

Trend

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

EBIT

Get a 7-Day Free Trial

16.58

-207.35

47.06

9.84

-19.31

Thames River Multi Hedge PCC Semi-Annual Data
	Mar12	Sep12
EBIT	7.95	-0.02

Competitive Comparison of Thames River Multi Hedge PCC's EBIT

For the Asset Management subindustry, Thames River Multi Hedge PCC'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.

Thames River Multi Hedge PCC's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Thames River Multi Hedge PCC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Thames River Multi Hedge PCC's EV-to-EBIT falls into.

Thames River Multi Hedge PCC 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. 2012 adds up the semi-annually data reported by the company within the most recent 12 months, which was £ Mil.

Thames River Multi Hedge PCC (LSE:TRMA) EBIT Explanation

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

Thames River Multi Hedge PCC's annualized ROC % for the quarter that ended in Sep. 2012 is calculated as:

	ROC % (Q: Sep. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2012 )	+	Invested Capital (Q: Sep. 2012 ))	/ count )
=	-0.048 * ( 1 - 0% )	/	( (0.042000000000002	+	47.649)	/ 2 )
=	-0.048	/	23.8455
=	-0.20 %

where

	Invested Capital		(Q: Mar. 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	))
=	116.649	-	58.747	-	( 116.283	-	max(0, 58.789	-	116.649	+	116.283	))
=	0.042000000000002

	Invested Capital		(Q: Sep. 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	))
=	57.152	-	0.533	-	( 9.18	-	max(0, 0.533	-	9.503	+	9.18	))
=	47.649

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

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

Thames River Multi Hedge PCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2012		Q: Sep. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.048	/	( ( (0 + max(-58.423, 0))	+	(0 + max(-0.21, 0)) )	/	2 )
=	-0.048	/	( ( 0	+	0 )	/	2 )
=	-0.048	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.366)	-	(58.747	+	0	+	0.042000000000002)
=	-58.423

	Working Capital		(Q: Sep. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.324	+	0	+	-0.00099999999999945)	-	(0.533	+	0	+	0)
=	-0.21

When net working capital is negative, 0 is used.

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

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

Thames River Multi Hedge PCC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2012 )
	=		/	7.912
	=	%

Thames River Multi Hedge PCC EBIT Related Terms

Thank you for viewing the detailed overview of Thames River Multi Hedge PCC's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Thames River Multi Hedge PCC (LSE:TRMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Thames River Multi Hedge PCC Ltd (LSE:TRMA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Thames River Multi Hedge PCC Ltd is an investment company. Its objective is to produce attractive absolute returns relative to the level of risk assumed, through a dynamic multi manager approach.

Thames River Multi Hedge PCC (LSE:TRMA) Headlines

No Headlines