Aveo Healthcare (ASX:AEH) EBIT : A$-2.70 Mil (TTM As of Dec. 2013)

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What is Aveo Healthcare EBIT?

Aveo Healthcare's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2013 was A$-4.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was A$-2.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aveo Healthcare's annualized ROC % for the quarter that ended in Dec. 2013 was -0.81%. Aveo Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -1,517.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aveo Healthcare's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was -2.51%.

Aveo Healthcare EBIT Historical Data

The historical data trend for Aveo Healthcare'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.

Aveo Healthcare EBIT Chart

Aveo Healthcare Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

EBIT

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8.88

26.58

55.40

-62.43

-3.46

Aveo Healthcare Semi-Annual Data
	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
EBIT	Get a 7-Day Free Trial															21.41	-83.85	-5.57	2.11	-4.80

Competitive Comparison of Aveo Healthcare's EBIT

For the Real Estate Services subindustry, Aveo Healthcare'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.

Aveo Healthcare's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Aveo Healthcare 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. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.70 Mil.

Aveo Healthcare (ASX:AEH) EBIT Explanation

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

Aveo Healthcare's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

	ROC % (Q: Dec. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Dec. 2013 ))	/ count )
=	-9.606 * ( 1 - 24.92% )	/	( (896.762	+	888.662)	/ 2 )
=	-7.2121848	/	892.712
=	-0.81 %

where

	Invested Capital		(Q: Jun. 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	))
=	616.036	-	3.818	-	( 3.697	-	max(0, 298.672	-	14.128	+	3.697	))
=	896.762

	Invested Capital		(Q: Dec. 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	))
=	607.126	-	4.122	-	( 4.142	-	max(0, 298.664	-	13.006	+	4.142	))
=	888.662

Note: The Operating Income data used here is two times the semi-annual (Dec. 2013) data.

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

Aveo Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Dec. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.606	/	( ( (0.639 + max(-30.701, 0))	+	(0.627 + max(-30.517, 0)) )	/	2 )
=	-9.606	/	( ( 0.639	+	0.627 )	/	2 )
=	-9.606	/	0.633
=	-1,517.54 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.018000000000001)	-	(3.818	+	25.052	+	1.849)
=	-30.701

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.112)	-	(4.122	+	0.061	+	26.446)
=	-30.517

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2013) EBIT data.

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

Aveo Healthcare's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2013 )
	=	-2.698	/	107.352
	=	-2.51 %

Aveo Healthcare EBIT Related Terms

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Aveo Healthcare (ASX:AEH) Business Description

Industry

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Address

Website

http://aveohealthcare.com.au

Aveo Healthcare Ltd provides retirement communities in South-East Queensland. The Company's healthcare's portfolio comprises five retirement villages, located in Albany Creet, Clayfield, Cleveland, Durack and Taringa.