Optec International (Optec International) EBIT : $-4.00 Mil (TTM As of Dec. 2018)

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What is Optec International EBIT?

Optec International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2018 was $-2.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was $-4.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Optec International's annualized ROC % for the quarter that ended in Dec. 2018 was -5.28%. Optec International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Optec International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was -182.94%.

Optec International EBIT Historical Data

The historical data trend for Optec International'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.

Optec International EBIT Chart

Optec International Annual Data

Trend

Jun15

Jun16

Jun17

EBIT

-0.01

-0.03

-0.01

Optec International Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
EBIT	Get a 7-Day Free Trial												-0.34	-0.35	-0.28	-0.96	-2.42

Competitive Comparison of Optec International's EBIT

For the Auto Parts subindustry, Optec International'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.

Optec International's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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

Optec International 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.00 Mil.

Optec International (OTCPK:OPTI) EBIT Explanation

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

Optec International's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

	ROC % (Q: Dec. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2018 )	+	Invested Capital (Q: Dec. 2018 ))	/ count )
=	-0.26 * ( 1 - 0% )	/	( (3.554	+	6.287)	/ 2 )
=	-0.26	/	4.9205
=	-5.28 %

where

	Invested Capital		(Q: Sep. 2018 )
=	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	))
=	0.84	-	0.088	-	( 0.031	-	max(0, 3.147	-	0.345	+	0.031	))
=	3.554

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	1.083	-	0.24	-	( 0.009	-	max(0, 5.546	-	0.102	+	0.009	))
=	6.287

Note: The Operating Income data used here is four times the quarterly (Dec. 2018) data.

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

Optec International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2018		Q: Dec. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.688	/	( ( (0 + max(-2.593, 0))	+	(0 + max(-4.594, 0)) )	/	2 )
=	-9.688	/	( ( 0	+	0 )	/	2 )
=	-9.688	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.081	+	0.002)	-	(0.088	+	0	+	2.588)
=	-2.593

	Working Capital		(Q: Dec. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.081	+	0)	-	(0.24	+	0	+	4.435)
=	-4.594

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2018 )
	=	-4.001	/	2.187
	=	-182.94 %

Optec International EBIT Related Terms

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Optec International (Optec International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Optec International Inc (OTCPK:OPTI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1385 Park Center Drive, Vista, CA, USA, 92081

Website

https://www.optecintl.com

Optec International Inc is a provider of green technologies for continued reduction of fossil fuel usage, pollution and greenhouse gas emissions. It is engaged in the distribution of Green technologies, the OPTEC Fuel Maximizer and the OPTEC Led Solar lighting systems. The company is also involved in the distribution of Optec UV-C technology Solutions, PPE and related healthcare products. Its OPTEC Fuel Maximizer products is a patented plug-in-play aftermarket automotive device.