BCI Navigation (XPAR:BNA) EBIT: €-0.97 Mil (TTM As of Dec. 2011)


What is BCI Navigation EBIT?

BCI Navigation XPAR:BNA EBIT is €-0.97 Mil as of Dec. 2011.

BCI Navigation's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2011 was €-0.97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2011 was €-0.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BCI Navigation's annualized ROC % for the quarter that ended in Dec. 2011 was -105.25%. BCI Navigation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was -130.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BCI Navigation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was -9.77%.

BCI Navigation  (XPAR:BNA) EBIT Explanation

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

BCI Navigation's annualized ROC % for the quarter that ended in Dec. 2011 is calculated as:

ROC % (Q: Dec. 2011 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2010 ) + Invested Capital (Q: Dec. 2011 ))/ count )
=-2.422 * ( 1 - 65.91% )/( (0.926 + 0.643)/ 2 )
=-0.8256598/0.7845
=-105.25 %

where

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))
=1.531 - 0.516 - ( 0.089 - max(0, 0.516 - 0.984+0.089))
=0.926

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))
=1.26 - 0.575 - ( 0.042 - max(0, 0.575 - 0.87+0.042))
=0.643

Note: The Operating Income data used here is one times the annual (Dec. 2011) data.

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

BCI Navigation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2011 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2010  Q: Dec. 2011
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.969/( ( (0.488 + max(0.379, 0)) + (0.364 + max(0.253, 0)) )/ 2 )
=-0.969/( ( 0.867 + 0.617 )/ 2 )
=-0.969/0.742
=-130.59 %

where Working Capital is:

Working Capital(Q: Dec. 2010 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.068 + 0 + 0.827) - (0.516 + 0 + 0)
=0.379

Working Capital(Q: Dec. 2011 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.074 + 0 + 0.754) - (0.575 + 0 + 0)
=0.253

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2011) EBIT data.

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

BCI Navigation's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2011 )
=-0.969/9.922
=-9.77 %

* 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.

BCI Navigation EBIT Related Terms

BCI Navigation EBIT Historical Data

* Premium members only.

The historical data trend for BCI Navigation'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.

BCI Navigation EBIT Chart

BCI Navigation Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
EBIT
3.33 -2.64 -2.68 -2.45 -0.97

BCI Navigation Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11
EBIT 3.33 -2.64 -2.68 -2.45 -0.97

BCI Navigation EBIT Competitor Comparison

For the Specialty Business Services subindustry, BCI Navigation'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.

BCI Navigation EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, BCI Navigation's EV-to-EBIT distribution charts can be found below:

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


BCI Navigation 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. 2011 was €-0.97 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-0.97 Mil mean?
BCI Navigation (XPAR:BNA) has a EBIT of €-0.97 Mil as of Dec. 2011. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BCI Navigation.
Is BCI Navigation's EBIT too high?
BCI Navigation's current EBIT is €-0.97 Mil.
How does BCI Navigation's EBIT compare to competitors?
BCI Navigation's EBIT of €-0.97 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BCI Navigation. BCI Navigation's current EBIT is €-0.97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCI Navigation stock overvalued right now?
BCI Navigation (XPAR:BNA) has a current EBIT of €-0.97 Mil. The current EBIT is €-0.97 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For BCI Navigation (XPAR:BNA), the current EBIT is €-0.97 Mil as of Dec. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BCI Navigation Business Description

BCI Navigation is engaged in the development of tools and software which include professional fleet management, cartographic database management tool and aircraft piloting assistance system by means of natural synthesis display.