Travelmarket AS (OCSE:TMCOM) EBIT : kr-0.44 Mil (TTM As of Dec. 2014)

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What is Travelmarket AS EBIT?

Travelmarket AS's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2014 was kr-0.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2014 was kr-0.44 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Travelmarket AS's annualized ROC % for the quarter that ended in Dec. 2014 was -8.93%. Travelmarket AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -12.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Travelmarket AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -2.44%.

Travelmarket AS EBIT Historical Data

The historical data trend for Travelmarket AS'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.

Travelmarket AS EBIT Chart

Travelmarket AS Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Dec14

EBIT

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0.01

0.41

-4.31

0.61

-0.44

Travelmarket AS Semi-Annual Data
	Mar08	Mar09	Jun10	Jun11	Jun12	Jun13	Dec14
EBIT	Get a 7-Day Free Trial			0.01	0.67	-3.51	0.58	-0.44

Competitive Comparison of Travelmarket AS's EBIT

For the Internet Content & Information subindustry, Travelmarket AS'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.

Travelmarket AS's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Travelmarket AS's EV-to-EBIT distribution charts can be found below:

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

Travelmarket AS 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2014 was kr-0.44 Mil.

Travelmarket AS (OCSE:TMCOM) EBIT Explanation

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

Travelmarket AS's annualized ROC % for the quarter that ended in Dec. 2014 is calculated as:

	ROC % (Q: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Dec. 2014 ))	/ count )
=	-0.441 * ( 1 - 16.01% )	/	( (5.061	+	3.233)	/ 2 )
=	-0.3703959	/	4.147
=	-8.93 %

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	))
=	13.08	-	4.125	-	( 3.894	-	max(0, 5.505	-	10.838	+	3.894	))
=	5.061

	Invested Capital		(Q: Dec. 2014 )
=	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	))
=	8.3	-	3.217	-	( 1.85	-	max(0, 4.336	-	6.701	+	1.85	))
=	3.233

Note: The Operating Income data used here is one times the annual (Dec. 2014) data.

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

Travelmarket AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Dec. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.441	/	( ( (1.998 + max(2.172, 0))	+	(1.324 + max(1.454, 0)) )	/	2 )
=	-0.441	/	( ( 4.17	+	2.778 )	/	2 )
=	-0.441	/	3.474
=	-12.69 %

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)
=	(4.032	+	0	+	2.912)	-	(4.125	+	0	+	0.647)
=	2.172

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.856	+	0	+	2.995)	-	(3.217	+	0	+	0.18)
=	1.454

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2014) EBIT data.

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

Travelmarket AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2014 )
	=	-0.441	/	18.104
	=	-2.44 %

Travelmarket AS EBIT Related Terms

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Travelmarket AS (OCSE:TMCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Travelmarket AS (OCSE:TMCOM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.travelmarket.com

Travelmarket AS is a guide to travel. Its travel portal works like Google but focuses on travel searches. It also compare prices from many different companies in one search.

Travelmarket AS (OCSE:TMCOM) Headlines

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