GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medical Device Works SA (XPAR:ALMDW) » Definitions » EBIT

Medical Device Works (XPAR:ALMDW) EBIT : € Mil (TTM As of Dec. 2012)


View and export this data going back to 2013. Start your Free Trial

What is Medical Device Works EBIT?

Medical Device Works's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2012 was €-1.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Medical Device Works's annualized ROC % for the quarter that ended in Dec. 2012 was -99.20%. Medical Device Works's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was -136.36%.

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


Medical Device Works EBIT Historical Data

The historical data trend for Medical Device Works'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.

Medical Device Works EBIT Chart

Medical Device Works Annual Data
Trend Dec11 Dec12
EBIT
-1.54 -1.10

Medical Device Works Semi-Annual Data
Dec11 Dec12
EBIT -1.54 -1.10

Competitive Comparison of Medical Device Works's EBIT

For the Medical Devices subindustry, Medical Device Works'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.


Medical Device Works's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medical Device Works's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Medical Device Works's EV-to-EBIT falls into.



Medical Device Works 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. 2012 was € Mil.

* 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.


Medical Device Works  (XPAR:ALMDW) EBIT Explanation

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

Medical Device Works's annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

ROC % (Q: Dec. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2011 ) + Invested Capital (Q: Dec. 2012 ))/ count )
=-1.095 * ( 1 - 0.08% )/( (0.831 + 1.375)/ 2 )
=-1.094124/1.103
=-99.20 %

where

Note: The Operating Income data used here is one times the annual (Dec. 2012) data.

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

Medical Device Works's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2011  Q: Dec. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.095/( ( (0.645 + max(-0.383, 0)) + (0.961 + max(-0.333, 0)) )/ 2 )
=-1.095/( ( 0.645 + 0.961 )/ 2 )
=-1.095/0.803
=-136.36 %

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)
=(0.032 + 0.028 + 0.225) - (0.595 + 0 + 0.073)
=-0.383

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.03 + 0.03 + 0.545) - (0.7 + 0 + 0.238)
=-0.333

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2012) EBIT data.

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

Medical Device Works's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2012 )
=/12.078
= %

* 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.


Medical Device Works EBIT Related Terms

Thank you for viewing the detailed overview of Medical Device Works's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Medical Device Works (XPAR:ALMDW) Business Description

Traded in Other Exchanges
N/A
Address
Medical Device Works SA is engaged in developing kits of minimally-invasive surgical devices for temporarily isolating damaged organs from blood flow.

Medical Device Works (XPAR:ALMDW) Headlines

No Headlines