Infranor Inter AG (XSWX:INI) EBIT : CHF1.49 Mil (TTM As of Apr. 2014)

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What is Infranor Inter AG EBIT?

Infranor Inter AG's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2014 was CHF0.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2014 was CHF1.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Infranor Inter AG's annualized ROC % for the quarter that ended in Apr. 2014 was 5.20%. Infranor Inter AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2014 was 10.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Infranor Inter AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2014 was 12.90%.

Infranor Inter AG EBIT Historical Data

The historical data trend for Infranor Inter AG'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.

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Infranor Inter AG EBIT Chart

Infranor Inter AG Annual Data

Trend

Apr05

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

EBIT

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1.97

4.88

3.40

2.91

1.49

Infranor Inter AG Semi-Annual Data
	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14
EBIT	Get a 7-Day Free Trial			1.85	1.04	1.87	0.67	0.82

Competitive Comparison of Infranor Inter AG's EBIT

For the Specialty Industrial Machinery subindustry, Infranor Inter AG'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.

Infranor Inter AG's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Infranor Inter AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Infranor Inter AG's EV-to-EBIT falls into.

Infranor Inter AG 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 Apr. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF1.49 Mil.

Infranor Inter AG (XSWX:INI) EBIT Explanation

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

Infranor Inter AG's annualized ROC % for the quarter that ended in Apr. 2014 is calculated as:

	ROC % (Q: Apr. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2013 )	+	Invested Capital (Q: Apr. 2014 ))	/ count )
=	1.638 * ( 1 - 27.28% )	/	( (22.188	+	23.659)	/ 2 )
=	1.1911536	/	22.9235
=	5.20 %

where

	Invested Capital		(Q: Oct. 2013 )
=	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	))
=	28.532	-	4.957	-	( 1.551	-	max(0, 18.458	-	19.845	+	1.551	))
=	22.188

	Invested Capital		(Q: Apr. 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	))
=	29.117	-	4.516	-	( 0.942	-	max(0, 18.356	-	19.985	+	0.942	))
=	23.659

Note: The Operating Income data used here is two times the semi-annual (Apr. 2014) data.

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

Infranor Inter AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2013		Q: Apr. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.638	/	( ( (5.66 + max(9.32, 0))	+	(5.548 + max(10.55, 0)) )	/	2 )
=	1.638	/	( ( 14.98	+	16.098 )	/	2 )
=	1.638	/	15.539
=	10.54 %

where Working Capital is:

	Working Capital		(Q: Oct. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.559	+	8.815	+	1.92)	-	(4.957	+	0	+	4.017)
=	9.32

	Working Capital		(Q: Apr. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.121	+	8.822	+	2.1)	-	(4.516	+	0	+	3.977)
=	10.55

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2014) EBIT data.

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

Infranor Inter AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2014 )
	=	1.487	/	11.527
	=	12.90 %

Infranor Inter AG EBIT Related Terms

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Infranor Inter AG (XSWX:INI) Business Description

Industry

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Address

Website

http://www.infranor.com

Infranor Inter AG was established in 1941. The Company manufactures & markets solutions for industrial automation. It operates in two divisions: Infranor & Cybelec. Its customers are manufacturers of cables & winding machines, industrial sewing machines, welding assembly robots among others. The Infranor division operates as an industry independent specialist in the general servo and drive technology areas. The Cybelec division provides automation equipment for bending presses including controls, input/output units, fieldbus systems, drives, and motors.

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