TWC Tech Holdings II (TWC Tech Holdings II) EBIT : $ Mil (TTM As of Sep. 2020)

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What is TWC Tech Holdings II EBIT?

TWC Tech Holdings II's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2020 was $0.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TWC Tech Holdings II's annualized ROC % for the quarter that ended in Sep. 2020 was 0.00%. TWC Tech Holdings II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was %.

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

TWC Tech Holdings II EBIT Historical Data

The historical data trend for TWC Tech Holdings II'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.

TWC Tech Holdings II EBIT Chart

TWC Tech Holdings II Annual Data

Trend

Dec20

EBIT

TWC Tech Holdings II Semi-Annual Data
	Jul20	Sep20	Dec20
EBIT	-	-	-

Competitive Comparison of TWC Tech Holdings II's EBIT

For the Shell Companies subindustry, TWC Tech Holdings II'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.

TWC Tech Holdings II's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, TWC Tech Holdings II's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TWC Tech Holdings II's EV-to-EBIT falls into.

TWC Tech Holdings II 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 Sep. 2020 was $ Mil.

TWC Tech Holdings II (NAS:TWCTW) EBIT Explanation

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

TWC Tech Holdings II's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	0 * ( 1 - % )	/	( (0.038	+	600)	/ 2 )
=	0	/	300.019
=	0.00 %

where

	Invested Capital		(Q: Jul. 2020 )
=	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	))
=	0.063	-	0.039	-	( 0.025	-	max(0, 0.039	-	0.025	+	0.025	))
=	0.038

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	602.386	-	0.577	-	( 1.987	-	max(0, 0.577	-	2.386	+	1.987	))
=	600

Note: The Operating Income data used here is one times the annual (Sep. 2020) data.

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

TWC Tech Holdings II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0 + max(-0.039, 0))	+	(0 + max(-0.178, 0)) )	/	2 )
=	0	/	( ( 0	+	0 )	/	2 )
=	0	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jul. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.039	+	0	+	0)
=	-0.039

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.399)	-	(0.577	+	0	+	0)
=	-0.178

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Sep. 2020) EBIT data.

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

TWC Tech Holdings II's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2020 )
	=		/	0.000
	=	%

TWC Tech Holdings II EBIT Related Terms

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