CareView Communications (CareView Communications) EBIT : $-0.67 Mil (TTM As of Dec. 2023)

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What is CareView Communications EBIT?

CareView Communications's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CareView Communications's annualized ROC % for the quarter that ended in Dec. 2023 was -16.51%. CareView Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -568.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CareView Communications's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.35%.

CareView Communications EBIT Historical Data

The historical data trend for CareView Communications'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.

CareView Communications EBIT Chart

CareView Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-3.29

-1.09

-1.13

0.22

-0.67

CareView Communications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															1.41	-0.52	0.82	-0.04	-0.94

Competitive Comparison of CareView Communications's EBIT

For the Health Information Services subindustry, CareView Communications'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.

CareView Communications's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CareView Communications's EV-to-EBIT distribution charts can be found below:

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

CareView Communications 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.67 Mil.

CareView Communications (OTCPK:CRVW) EBIT Explanation

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

CareView Communications's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-3.792 * ( 1 - -4.64% )	/	( (24.003	+	24.064)	/ 2 )
=	-3.9679488	/	24.0335
=	-16.51 %

where

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	4.778	-	16.737	-	( 0.674	-	max(0, 39.024	-	3.062	+	0.674	))
=	24.003

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	4.262	-	17.462	-	( 1.146	-	max(0, 40.207	-	2.943	+	1.146	))
=	24.064

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

CareView Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.744	/	( ( (0.706 + max(-15.751, 0))	+	(0.611 + max(-17.614, 0)) )	/	2 )
=	-3.744	/	( ( 0.706	+	0.611 )	/	2 )
=	-3.744	/	0.6585
=	-568.56 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.826	+	0.233	+	0.329)	-	(16.737	+	1.346	+	0.055999999999997)
=	-15.751

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.168	+	0.294	+	0.243)	-	(17.462	+	1.802	+	0.055)
=	-17.614

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

CareView Communications's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.669	/	49.513
	=	-1.35 %

CareView Communications EBIT Related Terms

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CareView Communications (CareView Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareView Communications Inc (OTCPK:CRVW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 State Highway 121 Bypass, Suite B-240, Lewisville, TX, USA, 75067

Website

https://www.care-view.com

CareView Communications Inc is a United States-based company engaged in providing products and on-demand application services for the healthcare industry, specializing in bedside video monitoring, software tools to improve hospital communications and operations, and patient education and entertainment packages. It has developed a data network system called CareView System, which is a suite of video monitoring, guest services, and related applications that connect patients, families, and healthcare providers. The company also provides services to increase patient satisfaction scores and enhance the overall image of the hospital, including on-demand movies and video visits.

Executives

James R Higgins	director	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
L. Allen Wheeler	director, 10 percent owner	515 GILL FARRELL, DURANT OK 74701
Stephen G Johnson	director, 10 percent owner, officer: President and COO	804 TREE HAVEN CT., HIGHLAND VILLAGE TX 75077
Steven B Epstein	director
Jon E Freeman	officer: Chief Financial Officer	405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
David Richard White	director	405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Jason T Thompson	director	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Sandra K Mcree	officer: COO	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Anthony P Piccin	officer: Chief Financial Officer	3704 EVERTON DRIVE, FLOWER MOUND TX 75022
Gerald L Murphy	director	PO BOX 4696, TULSA OK 74159
Jeffrey C Lightcap	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Lp	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Fund Lp	director, 10 percent owner	Carnegie Hall Tower, 152 West 57th Street, 47th Floor, New York NY 10019
Healthcor Partners Management Gp, Llc	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Management Lp	director, 10 percent owner	701 EAST BAY STREET, SUITE 516, CHARLESTON SC 29403

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