US Helicopter (US Helicopter) EBIT : $-11.24 Mil (TTM As of Dec. 2007)

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What is US Helicopter EBIT?

US Helicopter's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2007 was $-11.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2007 was $-11.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. US Helicopter's annualized ROC % for the quarter that ended in Dec. 2007 was -288.86%. US Helicopter's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2007 was -1,227.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. US Helicopter's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2007 was -10,221.82%.

US Helicopter EBIT Historical Data

The historical data trend for US Helicopter'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.

US Helicopter EBIT Chart

US Helicopter Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

EBIT

-0.49

-2.09

-10.96

-11.24

US Helicopter Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07
EBIT	-0.49	-2.09	-10.96	-11.24

Competitive Comparison of US Helicopter's EBIT

For the Airports & Air Services subindustry, US Helicopter'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.

US Helicopter's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, US Helicopter's EV-to-EBIT distribution charts can be found below:

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

US Helicopter 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. 2007 was $-11.24 Mil.

US Helicopter (OTCPK:USHP) EBIT Explanation

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

US Helicopter's annualized ROC % for the quarter that ended in Dec. 2007 is calculated as:

	ROC % (Q: Dec. 2007 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2006 )	+	Invested Capital (Q: Dec. 2007 ))	/ count )
=	-11.244 * ( 1 - % )	/	( (4.091	+	3.694)	/ 2 )
=	-11.244	/	3.8925
=	-288.86 %

where

	Invested Capital		(Q: Dec. 2006 )
=	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	))
=	6.917	-	2.065	-	( 2.621	-	max(0, 2.657	-	3.418	+	2.621	))
=	4.091

	Invested Capital		(Q: Dec. 2007 )
=	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	))
=	3.318	-	2.938	-	( 0.67	-	max(0, 4.828	-	1.514	+	0.67	))
=	3.694

Note: The Operating Income data used here is one times the annual (Dec. 2007) data.

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

US Helicopter's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2007 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2007 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2006		Q: Dec. 2007
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.244	/	( ( (0.976 + max(-1.37, 0))	+	(0.856 + max(-3.139, 0)) )	/	2 )
=	-11.244	/	( ( 0.976	+	0.856 )	/	2 )
=	-11.244	/	0.916
=	-1,227.51 %

where Working Capital is:

	Working Capital		(Q: Dec. 2006 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.041	+	0.031	+	0.725)	-	(2.065	+	0	+	0.102)
=	-1.37

	Working Capital		(Q: Dec. 2007 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.347	+	0.045	+	0.452)	-	(2.938	+	0	+	1.045)
=	-3.139

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2007) EBIT data.

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

US Helicopter's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2007 )
	=	-11.244	/	0.110
	=	-10,221.82 %

US Helicopter EBIT Related Terms

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US Helicopter (US Helicopter) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » US Helicopter Corp (OTCPK:USHP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.flyush.com

The Company provides regularly scheduled helicopter shuttle service between many of the nation's metropolitan airports and surrounding city-based heliports.

Executives

Dean C Borgman	director
Stephen T Wills	director	PALATIN TECHNOLOGIES, INC., 4B CEDAR BROOK DRIVE, CRANBURY NJ 08512

US Helicopter (US Helicopter) Headlines

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