Asia Properties (Asia Properties) EBIT : $-0.11 Mil (TTM As of Sep. 2017)

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What is Asia Properties EBIT?

Asia Properties's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2017 was $-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2017 was $-0.11 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Properties's annualized ROC % for the quarter that ended in Sep. 2017 was -250.85%. Asia Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2017 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2017 was -7.49%.

Asia Properties EBIT Historical Data

The historical data trend for Asia Properties'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.

Asia Properties EBIT Chart

Asia Properties Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

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-0.19

-0.29

-0.13

-0.96

-0.02

Asia Properties Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
EBIT	Get a 7-Day Free Trial															-	-0.01	-0.03	-0.03	-0.04

Competitive Comparison of Asia Properties's EBIT

For the Real Estate Services subindustry, Asia Properties'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.

Asia Properties's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Asia Properties's EV-to-EBIT distribution charts can be found below:

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

Asia Properties 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 Sep. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.11 Mil.

Asia Properties (OTCPK:ASPZ) EBIT Explanation

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

Asia Properties's annualized ROC % for the quarter that ended in Sep. 2017 is calculated as:

	ROC % (Q: Sep. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2017 )	+	Invested Capital (Q: Sep. 2017 ))	/ count )
=	-0.148 * ( 1 - 0% )	/	( (0.059	+	0.059)	/ 2 )
=	-0.148	/	0.059
=	-250.85 %

where

	Invested Capital		(Q: Jun. 2017 )
=	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	))
=	0.003	-	0.323	-	( 0.003	-	max(0, 0.382	-	0.003	+	0.003	))
=	0.059

	Invested Capital		(Q: Sep. 2017 )
=	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	))
=	0.002	-	0.362	-	( 0.002	-	max(0, 0.421	-	0.002	+	0.002	))
=	0.059

Note: The Operating Income data used here is four times the quarterly (Sep. 2017) data.

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

Asia Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2017		Q: Sep. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.148	/	( ( (0 + max(-0.322, 0))	+	(0 + max(-0.363, 0)) )	/	2 )
=	-0.148	/	( ( 0	+	0 )	/	2 )
=	-0.148	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.323	+	0	+	-0.001)
=	-0.322

	Working Capital		(Q: Sep. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.362	+	0	+	0.001)
=	-0.363

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2017) EBIT data.

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

Asia Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2017 )
	=	-0.109	/	1.456
	=	-7.49 %

Asia Properties EBIT Related Terms

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