CI Investment Grade Bond ETF (TSX:FIG) EBIT : C$0.66 Mil (TTM As of Dec. 2015)

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What is CI Investment Grade Bond ETF EBIT?

CI Investment Grade Bond ETF's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2015 was C$-1.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was C$0.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CI Investment Grade Bond ETF's annualized ROC % for the quarter that ended in Dec. 2015 was -19.16%. CI Investment Grade Bond ETF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CI Investment Grade Bond ETF's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 0.52%.

CI Investment Grade Bond ETF EBIT Historical Data

The historical data trend for CI Investment Grade Bond ETF'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.

CI Investment Grade Bond ETF EBIT Chart

CI Investment Grade Bond ETF Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

Get a 7-Day Free Trial

-1.37

-1.41

-1.83

10.70

0.66

CI Investment Grade Bond ETF Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
EBIT	Get a 7-Day Free Trial							4.44	10.79	-0.09	2.57	-1.91

Competitive Comparison of CI Investment Grade Bond ETF's EBIT

For the Asset Management subindustry, CI Investment Grade Bond ETF'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.

CI Investment Grade Bond ETF's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Investment Grade Bond ETF's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CI Investment Grade Bond ETF's EV-to-EBIT falls into.

CI Investment Grade Bond ETF 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$0.66 Mil.

CI Investment Grade Bond ETF (TSX:FIG) EBIT Explanation

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

CI Investment Grade Bond ETF's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

	ROC % (Q: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Dec. 2015 ))	/ count )
=	-3.792 * ( 1 - 0% )	/	( (26.111	+	13.467)	/ 2 )
=	-3.792	/	19.789
=	-19.16 %

where

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	184.698	-	28.884	-	( 170.977	-	max(0, 54.995	-	184.698	+	170.977	))
=	26.111

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	176.819	-	38.776	-	( 173.671	-	max(0, 52.243	-	176.819	+	173.671	))
=	13.467

Note: The Operating Income data used here is two times the semi-annual (Dec. 2015) data.

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

CI Investment Grade Bond ETF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Dec. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.818	/	( ( (0 + max(-43.241, 0))	+	(0 + max(-51.105, 0)) )	/	2 )
=	-3.818	/	( ( 0	+	0 )	/	2 )
=	-3.818	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.022	+	0	+	9.732)	-	(28.884	+	0	+	26.111)
=	-43.241

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.138)	-	(38.776	+	0	+	13.467)
=	-51.105

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2015) EBIT data.

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

CI Investment Grade Bond ETF's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2015 )
	=	0.656	/	125.942
	=	0.52 %

CI Investment Grade Bond ETF EBIT Related Terms

Thank you for viewing the detailed overview of CI Investment Grade Bond ETF's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

CI Investment Grade Bond ETF (TSX:FIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Investment Grade Bond ETF (TSX:FIG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.marret.ca

Marret Investment Grade Bond Fund is a closed-end investment fund. Its investment objective is to provide holders of units with attractive monthly tax advantaged cash distributions and to maximize the total return for unitholders.

CI Investment Grade Bond ETF (TSX:FIG) Headlines

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