Tongxin International (Tongxin International) EBIT : $-4.68 Mil (TTM As of Dec. 2010)

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What is Tongxin International EBIT?

Tongxin International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2010 was $5.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2010 was $-4.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tongxin International's annualized ROC % for the quarter that ended in Dec. 2010 was -4.67%. Tongxin International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 was 10.39%.

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

Tongxin International EBIT Historical Data

The historical data trend for Tongxin International'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.

Tongxin International EBIT Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

EBIT

Get a 7-Day Free Trial

14.66

26.03

-14.16

5.00

-4.68

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
EBIT	Get a 7-Day Free Trial			14.66	26.03	-14.16	5.00	-4.68

Competitive Comparison of Tongxin International's EBIT

For the Auto Parts subindustry, Tongxin International'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.

Tongxin International's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tongxin International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tongxin International's EV-to-EBIT falls into.

Tongxin International 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 Dec. 2010 was $-4.68 Mil.

Tongxin International (OTCPK:TXIC) EBIT Explanation

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

Tongxin International's annualized ROC % for the quarter that ended in Dec. 2010 is calculated as:

	ROC % (Q: Dec. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2009 )	+	Invested Capital (Q: Dec. 2010 ))	/ count )
=	-7.334 * ( 1 - 15.28% )	/	( (138.394	+	127.629)	/ 2 )
=	-6.2133648	/	133.0115
=	-4.67 %

where

	Invested Capital		(Q: Dec. 2009 )
=	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	))
=	164.727	-	38.452	-	( 16.493	-	max(0, 79.669	-	67.55	+	16.493	))
=	138.394

	Invested Capital		(Q: Dec. 2010 )
=	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	))
=	165.081	-	44.67	-	( 9.935	-	max(0, 71.445	-	64.227	+	9.935	))
=	127.629

Note: The Operating Income data used here is one times the annual (Dec. 2010) data.

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

Tongxin International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2009		Q: Dec. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.004	/	( ( (46.894 + max(-8.934, 0))	+	(49.446 + max(-0.083999999999996, 0)) )	/	2 )
=	5.004	/	( ( 46.894	+	49.446 )	/	2 )
=	5.004	/	48.17
=	10.39 %

where Working Capital is:

	Working Capital		(Q: Dec. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.204	+	21.679	+	9.284)	-	(38.452	+	0	+	11.649)
=	-8.934

	Working Capital		(Q: Dec. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.191	+	27.425	+	4.097)	-	(44.67	+	0	+	0.127)
=	-0.083999999999996

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2010) EBIT data.

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

Tongxin International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2010 )
	=	-4.684	/	0.000
	=	%

Tongxin International EBIT Related Terms

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Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

Tongxin International (Tongxin International) Headlines

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