Veripos (OSTO:VPOSO) EBIT : kr Mil (TTM As of Dec. 2012)

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What is Veripos EBIT?

Veripos's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2012 was kr64.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veripos's annualized ROC % for the quarter that ended in Dec. 2012 was 31.89%. Veripos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 46.35%.

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

Veripos EBIT Historical Data

The historical data trend for Veripos'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.

Veripos EBIT Chart

Veripos Annual Data

Trend

Dec11

Dec12

EBIT

63.80

64.38

Veripos Semi-Annual Data
	Dec11	Dec12
EBIT	63.80	64.38

Competitive Comparison of Veripos's EBIT

For the Communication Equipment subindustry, Veripos'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.

Veripos's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Veripos's EV-to-EBIT distribution charts can be found below:

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

Veripos 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2012 was kr Mil.

Veripos (OSTO:VPOSO) EBIT Explanation

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

Veripos's annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

	ROC % (Q: Dec. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2011 )	+	Invested Capital (Q: Dec. 2012 ))	/ count )
=	64.384 * ( 1 - 24.4% )	/	( (182.197	+	123.028)	/ 2 )
=	48.674304	/	152.6125
=	31.89 %

where

	Invested Capital		(Q: Dec. 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	))
=	226.187	-	38.499	-	( 5.491	-	max(0, 38.499	-	183.228	+	5.491	))
=	182.197

	Invested Capital		(Q: Dec. 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	))
=	218.661	-	34.245	-	( 61.388	-	max(0, 34.245	-	171.748	+	61.388	))
=	123.028

Note: The Operating Income data used here is one times the annual (Dec. 2012) data.

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

Veripos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2011		Q: Dec. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	64.384	/	( ( (28.178 + max(139.238, 0))	+	(34.279 + max(76.115, 0)) )	/	2 )
=	64.384	/	( ( 167.416	+	110.394 )	/	2 )
=	64.384	/	138.905
=	46.35 %

where Working Capital is:

	Working Capital		(Q: Dec. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(127.203	+	38.322	+	12.212)	-	(38.499	+	0	+	0)
=	139.238

	Working Capital		(Q: Dec. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.466	+	43.222	+	13.672)	-	(34.245	+	0	+	0)
=	76.115

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2012 )
	=		/	1153.800
	=	%

Veripos EBIT Related Terms

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Veripos (OSTO:VPOSO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Veripos Inc (OSTO:VPOSO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.veripos.com

Veripos Inc is incorporated in the Cayman Islands. The Company is a provider of positioning services to the offshore industry. The Company supplies data broadcast Global Navigation Satellite Systems (GNSS) augmentation services for positioning applications to the offshore oil and gas industry.

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