First Republic of America (First Republic of America) EBIT : $-6.30 Mil (TTM As of Mar. 2004)

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What is First Republic of America EBIT?

First Republic of America's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2004 was $0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2004 was $-6.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Republic of America's annualized ROC % for the quarter that ended in Mar. 2004 was 1.14%. First Republic of America's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2004 was 2.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Republic of America's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2004 was -341.83%.

First Republic of America EBIT Historical Data

The historical data trend for First Republic of America'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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First Republic of America EBIT Chart

First Republic of America Annual Data

Trend

Jun01

Jun02

Jun03

EBIT

16.02

-1.23

-1.36

First Republic of America Quarterly Data
	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04
EBIT	Get a 7-Day Free Trial							-0.80	-0.75	0.35	-6.15	0.24

Competitive Comparison of First Republic of America's EBIT

For the Specialty Business Services subindustry, First Republic of America'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.

First Republic of America's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, First Republic of America's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Republic of America's EV-to-EBIT falls into.

First Republic of America 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 Mar. 2004 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.30 Mil.

First Republic of America (OTCPK:FRPC) EBIT Explanation

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

First Republic of America's annualized ROC % for the quarter that ended in Mar. 2004 is calculated as:

	ROC % (Q: Mar. 2004 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2003 )	+	Invested Capital (Q: Mar. 2004 ))	/ count )
=	1.772 * ( 1 - 38.24% )	/	( (93.91	+	97.563)	/ 2 )
=	1.0943872	/	95.7365
=	1.14 %

where

	Invested Capital		(Q: Dec. 2003 )
=	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	))
=	95.116	-	0	-	( 1.206	-	max(0, 13.51	-	16.874	+	1.206	))
=	93.91

	Invested Capital		(Q: Mar. 2004 )
=	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	))
=	93.948	-	0	-	( 1.669	-	max(0, 19.312	-	15.697	+	1.669	))
=	97.563

Note: The Operating Income data used here is four times the quarterly (Mar. 2004) data.

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

First Republic of America's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2004 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2004 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2003		Q: Mar. 2004
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.956	/	( ( (39.194 + max(2.158, 0))	+	(39.133 + max(-5.284, 0)) )	/	2 )
=	0.956	/	( ( 41.352	+	39.133 )	/	2 )
=	0.956	/	40.2425
=	2.38 %

where Working Capital is:

	Working Capital		(Q: Dec. 2003 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.841	+	4.563	+	6.264)	-	(0	+	0	+	13.51)
=	2.158

	Working Capital		(Q: Mar. 2004 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.553	+	3.673	+	5.802)	-	(0	+	0	+	19.312)
=	-5.284

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2004) EBIT data.

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

First Republic of America's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2004 )
	=	-6.3	/	1.843
	=	-341.83 %

First Republic of America EBIT Related Terms

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First Republic of America (First Republic of America) Business Description

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