Vietnam Infrastructure (LSE:VNI) EBIT: $-0.37 Mil (TTM As of Dec. 2016)


What is Vietnam Infrastructure EBIT?

Vietnam Infrastructure LSE:VNI +36.36% EBIT is $-0.37 Mil as of Dec. 2016. The stock has 5 warning signs investors should review.

Vietnam Infrastructure's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2016 was $1.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $-0.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vietnam Infrastructure's annualized ROC % for the quarter that ended in Dec. 2016 was 2.02%. Vietnam Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vietnam Infrastructure's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was 1.83%.

Vietnam Infrastructure  (LSE:VNI) EBIT Explanation

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

Vietnam Infrastructure's annualized ROC % for the quarter that ended in Dec. 2016 is calculated as:

ROC % (Q: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2016 ) + Invested Capital (Q: Dec. 2016 ))/ count )
=2.282 * ( 1 - 0% )/( (135.024 + 91.303)/ 2 )
=2.282/113.1635
=2.02 %

where

Invested Capital(Q: Jun. 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))
=135.731 - 0.707 - ( 58.653 - max(0, 135.731 - 135.731+58.653))
=135.024

Invested Capital(Q: Dec. 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))
=91.577 - 0.274 - ( 20.644 - max(0, 91.577 - 91.577+20.644))
=91.303

Note: The Operating Income data used here is two times the semi-annual (Dec. 2016) data.

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

Vietnam Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2016  Q: Dec. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.282/( ( (0 + max(-49.611, 0)) + (0 + max(-20.644, 0)) )/ 2 )
=2.282/( ( 0 + 0 )/ 2 )
=2.282/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.455 + 0 + 72.623) - (0.707 + 0 + 125.982)
=-49.611

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.024 + 0 + 70.909) - (0.274 + 0 + 91.303)
=-20.644

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=-0.369/-20.119
=1.83 %

* 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.

Vietnam Infrastructure EBIT Related Terms

Vietnam Infrastructure EBIT Historical Data

* Premium members only.

The historical data trend for Vietnam Infrastructure'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.

Vietnam Infrastructure EBIT Chart

Vietnam Infrastructure Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.73 27.29 -8.98 1.05 -0.37

Vietnam Infrastructure Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
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 -6.82 0.30 0.75 1.14 -1.51

LSE:VNI vs SSSS, ABDC, PIOE: EBIT Comparison

For the Asset Management subindustry, Vietnam Infrastructure'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.

Vietnam Infrastructure EV-to-EBIT vs Asset Management Industry

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

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


Vietnam Infrastructure 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. 2016 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.37 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 $-0.37 Mil mean?
Vietnam Infrastructure (LSE:VNI) has a EBIT of $-0.37 Mil as of Dec. 2016. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vietnam Infrastructure.
Is Vietnam Infrastructure's EBIT too high?
Vietnam Infrastructure's current EBIT is $-0.37 Mil.
How does Vietnam Infrastructure's EBIT compare to SSSS and ABDC?
Vietnam Infrastructure's EBIT of $-0.37 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good EBIT depends on the Asset Management 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 Vietnam Infrastructure. Vietnam Infrastructure's current EBIT is $-0.37 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Infrastructure stock overvalued right now?
Vietnam Infrastructure (LSE:VNI) has a current EBIT of $-0.37 Mil. The current EBIT is $-0.37 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 Vietnam Infrastructure (LSE:VNI), the current EBIT is $-0.37 Mil as of Dec. 2016. 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.

Vietnam Infrastructure Business Description

Vietnam Infrastructure Ltd is a closed-ended investment company. The company principally invests in a diversified portfolio of entities owning infrastructure projects and assets in Vietnam. It invests in infrastructure and infrastructure-related asset in Vietnam namely energy, transport, telecommunication, industrial parks and water and environmental utilities. The company's investment objective is to achieve medium to long-term capital appreciation and providing investment income through investments in listed and unlisted equity instruments, debt instruments, assets and other opportunities in Vietnam and other countries. It focuses on risk management to minimize potential adverse effects on company's financial performance.