Turners Group NZ (NZSE:TUA) EBIT : NZ$9.12 Mil (TTM As of Jun. 2014)

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What is Turners Group NZ EBIT?

Turners Group NZ's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2014 was NZ$4.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was NZ$9.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Turners Group NZ's annualized ROC % for the quarter that ended in Jun. 2014 was -92.46%. Turners Group NZ's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 294.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Turners Group NZ's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 11.03%.

Turners Group NZ EBIT Historical Data

The historical data trend for Turners Group NZ'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.

Turners Group NZ EBIT Chart

Turners Group NZ Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

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6.15

6.14

6.96

7.65

8.70

Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
EBIT	Get a 7-Day Free Trial															3.61	4.04	3.91	4.80	4.32

Competitive Comparison of Turners Group NZ's EBIT

For the Auto & Truck Dealerships subindustry, Turners Group NZ'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.

Turners Group NZ's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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

Turners Group NZ 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 NZ$9.12 Mil.

Turners Group NZ (NZSE:TUA) EBIT Explanation

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

Turners Group NZ'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 )
=	-31.016 * ( 1 - 28.42% )	/	( (21.958	+	26.067)	/ 2 )
=	-22.2012528	/	24.0125
=	-92.46 %

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	))
=	57.016	-	22.489	-	( 13.73	-	max(0, 23.097	-	35.666	+	13.73	))
=	21.958

	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	))
=	64.032	-	26.409	-	( 11.556	-	max(0, 26.926	-	39.392	+	11.556	))
=	26.067

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:

Turners Group NZ'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 )
=	8.636	/	( ( (3.04 + max(-14.937, 0))	+	(2.834 + max(-15.634, 0)) )	/	2 )
=	8.636	/	( ( 3.04	+	2.834 )	/	2 )
=	8.636	/	2.937
=	294.04 %

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)
=	(0	+	8.16	+	0)	-	(22.489	+	0.429	+	0.179)
=	-14.937

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	11.264	+	0.028000000000006)	-	(26.409	+	0	+	0.517)
=	-15.634

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:

Turners Group NZ's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2014 )
	=	9.117	/	82.673
	=	11.03 %

Turners Group NZ EBIT Related Terms

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Turners Group NZ (NZSE:TUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Group NZ Ltd (NZSE:TUA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.turners.co.nz

Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.