Industria Automotriz de CV (MEX:IASASA) EBIT: MXN-7.75 Mil (TTM As of Jun. 2011)


What is Industria Automotriz de CV EBIT?

Industria Automotriz de CV MEX:IASASA EBIT is MXN-7.75 Mil as of Jun. 2011.

Industria Automotriz de CV's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2011 was MXN-1.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2011 was MXN-7.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Industria Automotriz de CV's annualized ROC % for the quarter that ended in Jun. 2011 was -0.47%. Industria Automotriz de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2011 was -0.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Industria Automotriz de CV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2011 was -65.11%.

Industria Automotriz de CV  (MEX:IASASA) EBIT Explanation

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

Industria Automotriz de CV's annualized ROC % for the quarter that ended in Jun. 2011 is calculated as:

ROC % (Q: Jun. 2011 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2011 ) + Invested Capital (Q: Jun. 2011 ))/ count )
=-5.14 * ( 1 - 0% )/( (1105.819 + 1101.649)/ 2 )
=-5.14/1103.734
=-0.47 %

where

Invested Capital(Q: Mar. 2011 )
=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))
=769.355 - 582.672 - ( 0.967 - max(0, 943.481 - 24.345+0.967))
=1105.819

Invested Capital(Q: Jun. 2011 )
=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))
=760.424 - 571.924 - ( 2.839 - max(0, 930.97 - 17.821+2.839))
=1101.649

Note: The Operating Income data used here is four times the quarterly (Jun. 2011) data.

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

Industria Automotriz de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2011 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2011 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2011  Q: Jun. 2011
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.14/( ( (745.01 + max(-813.082, 0)) + (742.603 + max(-809.73, 0)) )/ 2 )
=-5.14/( ( 745.01 + 742.603 )/ 2 )
=-5.14/743.8065
=-0.69 %

where Working Capital is:

Working Capital(Q: Mar. 2011 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.939 + 1.642 + 1.797) - (582.672 + 0 + 253.788)
=-813.082

Working Capital(Q: Jun. 2011 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.684 + 1.501 + 1.797) - (571.924 + 0 + 252.788)
=-809.73

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2011) EBIT data.

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

Industria Automotriz de CV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2011 )
=-7.751/11.905
=-65.11 %

* 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.

Industria Automotriz de CV EBIT Related Terms

Industria Automotriz de CV EBIT Historical Data

* Premium members only.

The historical data trend for Industria Automotriz de CV'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.

Industria Automotriz de CV EBIT Chart

Industria Automotriz de CV Annual Data
Trend Dec07 Dec08 Dec09
EBIT
114.00 103.08 34.02

Industria Automotriz de CV Quarterly Data
Dec07 Dec08 Sep09 Dec09 Mar10 Jun10 Sep10 Mar11 Jun11
EBIT Get a 7-Day Free Trial Premium Member Only -4.51 -2.42 -3.69 -2.78 -1.29

MEX:IASASA vs CSHEF, AMTY, OMTK: EBIT Comparison

For the Auto Parts subindustry, Industria Automotriz de CV'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.

Industria Automotriz de CV EV-to-EBIT vs Vehicles & Parts Industry

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

* The bar in red indicates where Industria Automotriz de CV's EV-to-EBIT falls into.


Industria Automotriz de CV 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-7.75 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 MXN-7.75 Mil mean?
Industria Automotriz de CV (MEX:IASASA) has a EBIT of MXN-7.75 Mil as of Jun. 2011. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Industria Automotriz de CV.
Is Industria Automotriz de CV's EBIT too high?
Industria Automotriz de CV's current EBIT is MXN-7.75 Mil.
How does Industria Automotriz de CV's EBIT compare to CSHEF and AMTY?
Industria Automotriz de CV's EBIT of MXN-7.75 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 Industria Automotriz de CV. Industria Automotriz de CV's current EBIT is MXN-7.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industria Automotriz de CV stock overvalued right now?
Industria Automotriz de CV (MEX:IASASA) has a current EBIT of MXN-7.75 Mil. The current EBIT is MXN-7.75 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 Industria Automotriz de CV (MEX:IASASA), the current EBIT is MXN-7.75 Mil as of Jun. 2011. 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.

Industria Automotriz de CV Business Description

Address Avenida Universidad 1011, San Nicolas de los Garza, NL, MEX, 66400
Industria Automotriz SA de CV is engaged in manufacturing of stamping, assemblies and subassemblies for the automotive industry. The company also manufactures dies and tool, assembly attachments and attachments to check the produced pieces.