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American Independence's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2016 was $2.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $6.5 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Independence's annualized ROC % for the quarter that ended in Jun. 2016 was 2.72%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Independence's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 3.25%.
The historical data trend for American Independence'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.
American Independence Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
EBIT | Get a 7-Day Free Trial | 4.49 | 6.65 | 5.44 | 4.55 | 6.51 |
American Independence Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
EBIT | Get a 7-Day Free Trial | 1.48 | 2.69 | 1.13 | 0.65 | 2.06 |
For the Insurance - Life subindustry, American Independence'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.
For the Insurance industry and Financial Services sector, American Independence's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where American Independence's EV-to-EBIT falls into.
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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.5 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.
American Independence (NAS:AMIC) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
American Independence's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:
ROC % (Q: Jun. 2016 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | EBIT * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2016 ) | + | Invested Capital (Q: Jun. 2016 )) | / count ) |
= | 8.248 * ( 1 - 32.44% ) | / | ( (140.0611 | + | 269.3523) | / 2 ) |
= | 5.5723488 | / | 204.7067 | |||
= | 2.72 % |
where
Invested Capital | (Q: Mar. 2016 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 410.317 | - | 137.311 | - | ( 134.415 | - | 5% * 29.402 ) |
= | 140.0611 |
Invested Capital | (Q: Jun. 2016 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 321.086 | - | 45.382 | - | ( 7.824 | - | 5% * 29.446 ) |
= | 269.3523 |
Note: The EBIT data used here is four times the quarterly (Jun. 2016) data.
2. Joel Greenblatt's definition of Return on Capital:
ROC (Joel Greenblatt) % does not apply to banks and insurance companies.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
American Independence's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jun. 2016 ) |
= | 6.526 | / | 200.690 | |
= | 3.25 % |
* 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.
Thank you for viewing the detailed overview of American Independence's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Teresa A Herbert | director, officer: CFO & SVP | 96 CUMMINGS POINT RD, STAMFORD CT 06902 |
Ronald I Simon | director | 485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
Thung Roy T K | director, officer: CEO | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
James G Tatum | director | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
David T Kettig | director, officer: President | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Steven B Lapin | director | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Brian Schlier | officer: Corporate Vice President - Tax | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Gary Balzofiore | officer: Corporate Vice President | 485 MADISON AVENUE, NEW YORK NY 10022 |
Jeffrey C Smedsrud | officer: Senior Vice President | 8009 34TH AVENUE SOUTH #360 BLOOMINGTON MN 55420 |
Erickson Bernon Reneld Jr | officer: Chief Health Actuary and SVP | INDEPENDENCE HOLDING COMPANY 485 MADISON AVENUE, 14TH FLOOR NEW YORK NY 10022 |
Scott Michael Wood | officer: Senior Vice President | 2101 W. PEORIA AVE, SUITE 100 PHOENIX AZ 85029 |
Paul R Janerico | officer: VP - Internal Audit | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Henry B Spencer | officer: VP - Investments | 96 CUMMINGS POINT ROAD STAMFORD CT 06902 |
Roy L Standfest | officer: V.P.& Chief Investment Officer | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
From GuruFocus
By gurufocus 10qk • 05-17-2010
By gurufocus 10qk • 03-18-2011
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