IRIS Group (XBRU:IRIS) EBIT : € Mil (TTM As of Jun. 2012)

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What is IRIS Group EBIT?

IRIS Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2012 was €2.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IRIS Group's annualized ROC % for the quarter that ended in Jun. 2012 was 5.07%. IRIS Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2012 was 38.71%.

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

IRIS Group EBIT Historical Data

The historical data trend for IRIS 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.

* Premium members only.

IRIS Group EBIT Chart

IRIS Group Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

EBIT

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8.13

8.32

5.07

5.30

5.08

IRIS Group Semi-Annual Data
	Dec11	Jun12
EBIT	3.20	2.10

Competitive Comparison of IRIS Group's EBIT

For the Software - Application subindustry, IRIS 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.

IRIS Group's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, IRIS Group's EV-to-EBIT distribution charts can be found below:

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

IRIS 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 Jun. 2012 adds up the semi-annually data reported by the company within the most recent 12 months, which was € Mil.

IRIS Group (XBRU:IRIS) EBIT Explanation

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

IRIS Group's annualized ROC % for the quarter that ended in Jun. 2012 is calculated as:

	ROC % (Q: Jun. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2011 )	+	Invested Capital (Q: Jun. 2012 ))	/ count )
=	4.192 * ( 1 - 25.13% )	/	( (60.32	+	63.508)	/ 2 )
=	3.1385504	/	61.914
=	5.07 %

where

	Invested Capital		(Q: Dec. 2011 )
=	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	))
=	114.748	-	39.612	-	( 14.816	-	max(0, 45.855	-	64.561	+	14.816	))
=	60.32

	Invested Capital		(Q: Jun. 2012 )
=	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	))
=	102.015	-	24.807	-	( 13.7	-	max(0, 34.399	-	51.574	+	13.7	))
=	63.508

Note: The Operating Income data used here is two times the semi-annual (Jun. 2012) data.

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

IRIS Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2011		Q: Jun. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4.192	/	( ( (7.287 + max(3.89, 0))	+	(7.005 + max(3.475, 0)) )	/	2 )
=	4.192	/	( ( 11.177	+	10.48 )	/	2 )
=	4.192	/	10.8285
=	38.71 %

where Working Capital is:

	Working Capital		(Q: Dec. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	2.725	+	47.02)	-	(39.612	+	0	+	6.243)
=	3.89

	Working Capital		(Q: Jun. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	2.969	+	34.905)	-	(24.807	+	0	+	9.592)
=	3.475

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2012 )
	=		/	78.818
	=	%

IRIS Group EBIT Related Terms

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IRIS Group (XBRU:IRIS) Business Description

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