Meridian AD (XBLB:MRDN-R-A) EBIT : BAM0.34 Mil (TTM As of Dec. 2013)

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What is Meridian AD EBIT?

Meridian AD's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2013 was BAM0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was BAM0.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Meridian AD's annualized ROC % for the quarter that ended in Dec. 2013 was 4.92%. Meridian AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was 2.92%.

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

Meridian AD EBIT Historical Data

The historical data trend for Meridian AD'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.

Meridian AD EBIT Chart

Meridian AD Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

EBIT

0.40

0.39

0.34

0.54

Meridian AD Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Dec14
EBIT	Get a 7-Day Free Trial			0.14	0.26	0.17	0.17	-

Competitive Comparison of Meridian AD's EBIT

For the Integrated Freight & Logistics subindustry, Meridian AD'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.

Meridian AD's EV-to-EBIT Distribution in the Transportation Industry

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

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

Meridian AD 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 BAM0.34 Mil.

Meridian AD (XBLB:MRDN-R-A) EBIT Explanation

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

Meridian AD'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 )
=	0.872 * ( 1 - 30.12% )	/	( (12.446	+	12.31)	/ 2 )
=	0.6093536	/	12.378
=	4.92 %

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	))
=	15.572	-	3.045	-	( 0.081	-	max(0, 4.419	-	8.323	+	0.081	))
=	12.446

	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	))
=	15.084	-	2.715	-	( 0.059	-	max(0, 4.153	-	8.308	+	0.059	))
=	12.31

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:

Meridian AD'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 )
=	0.336	/	( ( (6.448 + max(4.9, 0))	+	(6.45 + max(5.25, 0)) )	/	2 )
=	0.336	/	( ( 11.348	+	11.7 )	/	2 )
=	0.336	/	11.524
=	2.92 %

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)
=	(7.939	+	0.013	+	0.0020000000000007)	-	(3.045	+	0	+	0.0089999999999995)
=	4.9

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.946	+	0.009	+	0.011000000000001)	-	(2.715	+	0	+	0.00099999999999945)
=	5.25

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:

Meridian AD's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2013 )
	=	0.336	/	0.000
	=	%

Meridian AD EBIT Related Terms

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Meridian AD (XBLB:MRDN-R-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meridian AD (XBLB:MRDN-R-A) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veselina Maslese 21/II, Banja Luka, BIH, 78000

Website

http://www.meridianbl.com

Meridian AD operates in integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.

Meridian AD (XBLB:MRDN-R-A) Headlines

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