Alabama Aircraft Industries (Alabama Aircraft Industries) EBIT : $-0.96 Mil (TTM As of Dec. 2008)

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What is Alabama Aircraft Industries EBIT?

Alabama Aircraft Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2008 was $0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2008 was $-0.96 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alabama Aircraft Industries's annualized ROC % for the quarter that ended in Dec. 2008 was 3.32%. Alabama Aircraft Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2008 was 2.12%.

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

Alabama Aircraft Industries EBIT Historical Data

The historical data trend for Alabama Aircraft Industries'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.

Alabama Aircraft Industries EBIT Chart

Alabama Aircraft Industries Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

EBIT

Get a 7-Day Free Trial

-0.40

-8.62

-2.05

-6.40

-0.47

Alabama Aircraft Industries Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
EBIT	Get a 7-Day Free Trial															-1.92	1.21	-0.94	-1.31	0.08

Competitive Comparison of Alabama Aircraft Industries's EBIT

For the Aerospace & Defense subindustry, Alabama Aircraft Industries'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.

Alabama Aircraft Industries's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Alabama Aircraft Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Alabama Aircraft Industries's EV-to-EBIT falls into.

Alabama Aircraft Industries 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 Dec. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.96 Mil.

Alabama Aircraft Industries (OTCPK:AAIIQ) EBIT Explanation

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

Alabama Aircraft Industries's annualized ROC % for the quarter that ended in Dec. 2008 is calculated as:

	ROC % (Q: Dec. 2008 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2008 )	+	Invested Capital (Q: Dec. 2008 ))	/ count )
=	0.332 * ( 1 - -119.09% )	/	( (22.201	+	21.673)	/ 2 )
=	0.7273788	/	21.937
=	3.32 %

where

	Invested Capital		(Q: Sep. 2008 )
=	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	))
=	36.225	-	6.229	-	( 7.795	-	max(0, 14.818	-	22.626	+	7.795	))
=	22.201

	Invested Capital		(Q: Dec. 2008 )
=	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	))
=	36.079	-	6.794	-	( 7.612	-	max(0, 11.823	-	22.913	+	7.612	))
=	21.673

Note: The Operating Income data used here is four times the quarterly (Dec. 2008) data.

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

Alabama Aircraft Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2008 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2008 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2008		Q: Dec. 2008
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.332	/	( ( (11.588 + max(5.016, 0))	+	(11.216 + max(3.48, 0)) )	/	2 )
=	0.332	/	( ( 16.604	+	14.696 )	/	2 )
=	0.332	/	15.65
=	2.12 %

where Working Capital is:

	Working Capital		(Q: Sep. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.881	+	4.339	+	4.611)	-	(6.229	+	0	+	3.586)
=	5.016

	Working Capital		(Q: Dec. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.691	+	5.092	+	3.518)	-	(6.794	+	0	+	5.027)
=	3.48

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2008) EBIT data.

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

Alabama Aircraft Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2008 )
	=	-0.957	/	0.000
	=	%

Alabama Aircraft Industries EBIT Related Terms

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Alabama Aircraft Industries (Alabama Aircraft Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Alabama Aircraft Industries Inc (OTCPK:AAIIQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1943 North 50th Street, Birmingham, AL, USA, 35212

Website

http://www.pemcoair.com

Alabama Aircraft Industries Inc is an aerospace & defense company, which provides aircraft maintenance & modification services to the U.S. Government, including complete airframe inspection, maintenance, repair & custom airframe design & modification.

Executives

Hugh Steven Wilson	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Michael E Tennenbaum	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Robert Eugene Joyal	director	352 WARDNER ROAD, WEST WINDSOR VT 05089
Tennenbaum Capital Partners Llc	10 percent owner	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
Tennenbaum & Co Llc	10 percent owner	1999 AVENUE OF THE STARS, LOS ANGELES CA 90067-6100
Peter Thiel	other: See Footnote (1)	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069

Alabama Aircraft Industries (Alabama Aircraft Industries) Headlines

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