Strategic Asset Leasing (Strategic Asset Leasing) EBIT : $-1.30 Mil (TTM As of Dec. 2092)

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What is Strategic Asset Leasing EBIT?

Strategic Asset Leasing's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2092 was $-1.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2092 was $-1.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Strategic Asset Leasing's annualized ROC % for the quarter that ended in Dec. 2092 was -86.49%. Strategic Asset Leasing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2092 was -152.38%.

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

Strategic Asset Leasing EBIT Historical Data

The historical data trend for Strategic Asset Leasing'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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Strategic Asset Leasing EBIT Chart

Strategic Asset Leasing Annual Data

Trend

Dec89

Dec90

Dec91

Dec92

EBIT

-2.00

-1.40

-0.50

-1.50

Strategic Asset Leasing Quarterly Data
	Mar89	Jun89	Sep89	Dec89	Mar90	Jun90	Sep90	Dec90	Mar91	Jun91	Sep91	Dec91	Mar92	Jun92	Sep92	Dec92
EBIT	Get a 7-Day Free Trial											-0.90	0.10	0.10	0.10	-1.60

Competitive Comparison of Strategic Asset Leasing's EBIT

For the Rental & Leasing Services subindustry, Strategic Asset Leasing'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.

Strategic Asset Leasing's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Strategic Asset Leasing's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Strategic Asset Leasing's EV-to-EBIT falls into.

Strategic Asset Leasing 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. 2092 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.30 Mil.

Strategic Asset Leasing (OTCPK:LEAS) EBIT Explanation

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

Strategic Asset Leasing's annualized ROC % for the quarter that ended in Dec. 2092 is calculated as:

	ROC % (Q: Dec. 2092 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2092 )	+	Invested Capital (Q: Dec. 2092 ))	/ count )
=	-6.4 * ( 1 - % )	/	( (0	+	7.4)	/ 1 )
=	-6.4	/	7.4
=	-86.49 %

where

	Invested Capital		(Q: Sep. 2092 )
=	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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Dec. 2092 )
=	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	))
=	8.2	-	0.5	-	( 0.3	-	max(0, 0.5	-	0.8	+	0.3	))
=	7.4

Note: The Operating Income data used here is four times the quarterly (Dec. 2092) data.

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

Strategic Asset Leasing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2092 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2092 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2092		Q: Dec. 2092
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.4	/	( ( (0 + max(0, 0))	+	(4.2 + max(-0.1, 0)) )	/	1 )
=	-6.4	/	( ( 0	+	4.2 )	/	1 )
=	-6.4	/	4.2
=	-152.38 %

where Working Capital is:

	Working Capital		(Q: Sep. 2092 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Dec. 2092 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.1	+	0.3)	-	(0.5	+	0	+	0)
=	-0.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2092) EBIT data.

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

Strategic Asset Leasing's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2092 )
	=	-1.3	/	0.000
	=	%

Strategic Asset Leasing EBIT Related Terms

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Strategic Asset Leasing (Strategic Asset Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Strategic Asset Leasing Inc (OTCPK:LEAS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

13576 Walnut Street, Suite A, Omaha, NE, USA, 68144

Website

https://www.anewmeds.com

Strategic Asset Leasing Inc is a United States-based development stage company. It is principally focused on the business activities to engage in the leasing and rental of general and miscellaneous business equipment.