Asia Pacific No.3 Ship Investment Co (XKRX:081200) EBIT : ₩544.9 Mil (TTM As of Sep. 2014)

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What is Asia Pacific No.3 Ship Investment Co EBIT?

Asia Pacific No.3 Ship Investment Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2014 was ₩137.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2014 was ₩544.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Pacific No.3 Ship Investment Co's annualized ROC % for the quarter that ended in Sep. 2014 was 625.74%. Asia Pacific No.3 Ship Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia Pacific No.3 Ship Investment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was -732.69%.

Asia Pacific No.3 Ship Investment Co EBIT Historical Data

The historical data trend for Asia Pacific No.3 Ship Investment Co'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.

Asia Pacific No.3 Ship Investment Co EBIT Chart

Asia Pacific No.3 Ship Investment Co Annual Data

Trend

Dec11

Dec12

EBIT

544.93

547.99

Asia Pacific No.3 Ship Investment Co Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
EBIT	Get a 7-Day Free Trial						137.39	137.27	134.41	135.82	137.39

Competitive Comparison of Asia Pacific No.3 Ship Investment Co's EBIT

For the subindustry, Asia Pacific No.3 Ship Investment Co'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.

Asia Pacific No.3 Ship Investment Co's EV-to-EBIT Distribution in the Industry

For the industry and sector, Asia Pacific No.3 Ship Investment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Asia Pacific No.3 Ship Investment Co's EV-to-EBIT falls into.

Asia Pacific No.3 Ship Investment Co 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩544.9 Mil.

Asia Pacific No.3 Ship Investment Co (XKRX:081200) EBIT Explanation

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

Asia Pacific No.3 Ship Investment Co's annualized ROC % for the quarter that ended in Sep. 2014 is calculated as:

	ROC % (Q: Sep. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2014 )	+	Invested Capital (Q: Sep. 2014 ))	/ count )
=	549.572 * ( 1 - 0% )	/	( (85.832	+	89.823)	/ 2 )
=	549.572	/	87.8275
=	625.74 %

where

	Invested Capital		(Q: Jun. 2014 )
=	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	))
=	9438.282	-	0	-	( 9403.467	-	max(0, 85.832	-	9438.282	+	9403.467	))
=	85.832

	Invested Capital		(Q: Sep. 2014 )
=	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	))
=	9416.96	-	0	-	( 9381.378	-	max(0, 89.823	-	9416.96	+	9381.378	))
=	89.823

Note: The Operating Income data used here is four times the quarterly (Sep. 2014) data.

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

Asia Pacific No.3 Ship Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2014		Q: Sep. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	549.572	/	( ( (0 + max(-51.017000000001, 0))	+	(0 + max(-54.241000000001, 0)) )	/	2 )
=	549.572	/	( ( 0	+	0 )	/	2 )
=	549.572	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	34.814999999999)	-	(0	+	0	+	85.832)
=	-51.017000000001

	Working Capital		(Q: Sep. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	35.581999999999)	-	(0	+	0	+	89.823)
=	-54.241000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

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

Asia Pacific No.3 Ship Investment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2014 )
	=	544.892	/	-74.369
	=	-732.69 %

Asia Pacific No.3 Ship Investment Co EBIT Related Terms

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Asia Pacific No.3 Ship Investment Co (XKRX:081200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Asia Pacific No.3 Ship Investment Co Ltd (XKRX:081200) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.koreashipfinance.com

Asia Pacific No.3 Ship Investment Co Ltd is a ship-fund managing company. The fund activities are acquisition of ship, operation and investment of ship, equity and debt financing of ship and ship management.

Asia Pacific No.3 Ship Investment Co (XKRX:081200) Headlines

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