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QRS Music Technologies (QRS Music Technologies) EBIT : $-0.60 Mil (TTM As of Mar. 2007)


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What is QRS Music Technologies EBIT?

QRS Music Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2007 was $-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2007 was $-0.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. QRS Music Technologies's annualized ROC % for the quarter that ended in Mar. 2007 was -8.53%. QRS Music Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2007 was -14.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. QRS Music Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2007 was -20,066.67%.


QRS Music Technologies EBIT Historical Data

The historical data trend for QRS Music Technologies'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.

QRS Music Technologies EBIT Chart

QRS Music Technologies Annual Data
Trend Jun01 Jun02 Jun03 Jun04 Jun05 Jun06
EBIT
Get a 7-Day Free Trial 1.16 1.45 2.41 1.71 0.40

QRS Music Technologies Quarterly Data
Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07
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 Premium Member Only -0.03 -0.23 -0.45 0.42 -0.34

Competitive Comparison of QRS Music Technologies's EBIT

For the Leisure subindustry, QRS Music Technologies'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.


QRS Music Technologies's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, QRS Music Technologies's EV-to-EBIT distribution charts can be found below:

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



QRS Music Technologies 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 Mar. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.60 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.


QRS Music Technologies  (OTCPK:QRSM) EBIT Explanation

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

QRS Music Technologies's annualized ROC % for the quarter that ended in Mar. 2007 is calculated as:

ROC % (Q: Mar. 2007 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2006 ) + Invested Capital (Q: Mar. 2007 ))/ count )
=-1.344 * ( 1 - 35.53% )/( (9.907 + 10.402)/ 2 )
=-0.8664768/10.1545
=-8.53 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2007) data.

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

QRS Music Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2007 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2007 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2006  Q: Mar. 2007
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.344/( ( (1.174 + max(7.834, 0)) + (1.278 + max(7.77, 0)) )/ 2 )
=-1.344/( ( 9.008 + 9.048 )/ 2 )
=-1.344/9.028
=-14.89 %

where Working Capital is:

Working Capital(Q: Dec. 2006 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.192 + 7.711 + 1.077) - (2.146 + 0 + 0)
=7.834

Working Capital(Q: Mar. 2007 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.712 + 7.626 + 0.988) - (1.556 + 0 + 0)
=7.77

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2007) EBIT data.

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

QRS Music Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2007 )
=-0.602/0.003
=-20,066.67 %

* 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.


QRS Music Technologies EBIT Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

Traded in Other Exchanges
N/A
Address
269 Quaker Drive, Seneca, PA, USA, 16346
QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

QRS Music Technologies (QRS Music Technologies) Headlines