Healthcare Leadersome ETF (TSX:HHL) EBIT : C$-0.97 Mil (TTM As of Jun. 2016)

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What is Healthcare Leadersome ETF EBIT?

Healthcare Leadersome ETF's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2016 was C$3.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was C$-0.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Healthcare Leadersome ETF's annualized ROC % for the quarter that ended in Jun. 2016 was 573.56%. Healthcare Leadersome ETF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Healthcare Leadersome ETF's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was -0.89%.

Healthcare Leadersome ETF EBIT Historical Data

The historical data trend for Healthcare Leadersome 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.

Healthcare Leadersome ETF EBIT Chart

Healthcare Leadersome ETF Annual Data

Trend

Dec14

Dec15

EBIT

-1.49

2.65

Healthcare Leadersome ETF Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16
EBIT	-	6.69	-4.04	3.07

Competitive Comparison of Healthcare Leadersome ETF's EBIT

For the Asset Management subindustry, Healthcare Leadersome 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.

Healthcare Leadersome ETF's EV-to-EBIT Distribution in the Asset Management Industry

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

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

Healthcare Leadersome 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 Jun. 2016 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-0.97 Mil.

Healthcare Leadersome ETF (TSX:HHL) EBIT Explanation

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

Healthcare Leadersome ETF's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

	ROC % (Q: Jun. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2015 )	+	Invested Capital (Q: Jun. 2016 ))	/ count )
=	6.14 * ( 1 - 0% )	/	( (1.941	+	0.19999999999999)	/ 2 )
=	6.14	/	1.0705
=	573.56 %

where

	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	))
=	140.066	-	0.896	-	( 139.736	-	max(0, 2.837	-	140.066	+	139.736	))
=	1.941

	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	))
=	134.196	-	19.209	-	( 114.787	-	max(0, 19.209	-	134.196	+	114.787	))
=	0.19999999999999

Note: The Operating Income data used here is two times the semi-annual (Jun. 2016) data.

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

Healthcare Leadersome ETF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2015		Q: Jun. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6.14	/	( ( (0 + max(-2.837, 0))	+	(0 + max(-18.256, 0)) )	/	2 )
=	6.14	/	( ( 0	+	0 )	/	2 )
=	6.14	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.896	+	0	+	1.941)
=	-2.837

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.953)	-	(19.209	+	0	+	0)
=	-18.256

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2016) EBIT data.

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

Healthcare Leadersome ETF's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2016 )
	=	-0.965	/	108.163
	=	-0.89 %

Healthcare Leadersome ETF EBIT Related Terms

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Healthcare Leadersome ETF (TSX:HHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Healthcare Leaders Income ETF (TSX:HHL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.harvestportfolios.com

Healthcare Leaders Income ETF is a closed-end fund. Its investment objectives are to provide unit holders with the opportunity for capital appreciation; monthly cash distributions; and lower overall volatility of portfolio returns.

Healthcare Leadersome ETF (TSX:HHL) Headlines

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