Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) EBIT : $-2.85 Mil (TTM As of Sep. 2016)

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What is Southern Concepts Restaurant Group EBIT?

Southern Concepts Restaurant Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2016 was $-0.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-2.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Southern Concepts Restaurant Group's annualized ROC % for the quarter that ended in Sep. 2016 was -55.62%. Southern Concepts Restaurant Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -72.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Southern Concepts Restaurant Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -7,297.44%.

Southern Concepts Restaurant Group EBIT Historical Data

The historical data trend for Southern Concepts Restaurant Group'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.

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Southern Concepts Restaurant Group EBIT Chart

Southern Concepts Restaurant Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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-0.03

-1.81

-2.37

-3.63

-3.16

Southern Concepts Restaurant Group Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
EBIT	Get a 7-Day Free Trial															-0.78	-0.86	-0.73	-0.56	-0.70

Competitive Comparison of Southern Concepts Restaurant Group's EBIT

For the Restaurants subindustry, Southern Concepts Restaurant Group'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.

Southern Concepts Restaurant Group's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Southern Concepts Restaurant Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Southern Concepts Restaurant Group's EV-to-EBIT falls into.

Southern Concepts Restaurant Group 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 Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.85 Mil.

Southern Concepts Restaurant Group (OTCPK:RIBS) EBIT Explanation

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

Southern Concepts Restaurant Group's annualized ROC % for the quarter that ended in Sep. 2016 is calculated as:

	ROC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	-2.804 * ( 1 - 0% )	/	( (4.552	+	5.531)	/ 2 )
=	-2.804	/	5.0415
=	-55.62 %

where

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	4.379	-	0.907	-	( 0.111	-	max(0, 1.322	-	0.242	+	0.111	))
=	4.552

	Invested Capital		(Q: Sep. 2016 )
=	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	))
=	4.168	-	0.45	-	( 0.066	-	max(0, 2.031	-	0.218	+	0.066	))
=	5.531

Note: The Operating Income data used here is four times the quarterly (Sep. 2016) data.

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

Southern Concepts Restaurant Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2016		Q: Sep. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.804	/	( ( (3.957 + max(-0.776, 0))	+	(3.772 + max(-0.298, 0)) )	/	2 )
=	-2.804	/	( ( 3.957	+	3.772 )	/	2 )
=	-2.804	/	3.8645
=	-72.56 %

where Working Capital is:

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.088	+	0.043)	-	(0.907	+	0	+	0)
=	-0.776

	Working Capital		(Q: Sep. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.082	+	0.07)	-	(0.45	+	0	+	0)
=	-0.298

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2016) EBIT data.

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

Southern Concepts Restaurant Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2016 )
	=	-2.846	/	0.039
	=	-7,297.44 %

Southern Concepts Restaurant Group EBIT Related Terms

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Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Southern Concepts Restaurant Group Inc (OTCPK:RIBS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3001 PGA Boulevard, Suite 305, Palm Beach Gardens, FL, USA, 33410

Website

http://www.southernconcepts.com

Southern Concepts Restaurant Group Inc is a Shell company.

Executives

Kenneth A Cutshaw

director

C/O CRAWFORD & COMPANY, 1001 SUMMIT BLVD, ATLANTA GA 30319

Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) Headlines

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