Polycom (Polycom) EBIT : $45 Mil (TTM As of Jun. 2016)

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What is Polycom EBIT?

Polycom's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2016 was $1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Polycom's annualized ROC % for the quarter that ended in Jun. 2016 was -5.12%. Polycom's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 2.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Polycom's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 2.68%.

Polycom EBIT Historical Data

The historical data trend for Polycom'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.

Polycom EBIT Chart

Polycom Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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131.70

3.25

-18.99

48.91

92.05

Polycom Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
EBIT	Get a 7-Day Free Trial															26.26	20.87	15.88	8.11	0.55

Competitive Comparison of Polycom's EBIT

For the Communication Equipment subindustry, Polycom'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.

Polycom's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Polycom's EV-to-EBIT distribution charts can be found below:

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

Polycom 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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $45 Mil.

Polycom (NAS:PLCM) EBIT Explanation

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

Polycom's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

	ROC % (Q: Jun. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2016 )	+	Invested Capital (Q: Jun. 2016 ))	/ count )
=	-5.664 * ( 1 - -794.19% )	/	( (1003.711	+	974.429)	/ 2 )
=	-50.6469216	/	989.07
=	-5.12 %

where

	Invested Capital		(Q: Mar. 2016 )
=	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	))
=	1799.689	-	188.91	-	( 672.031	-	max(0, 376.846	-	983.914	+	672.031	))
=	1003.711

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	1791.703	-	181.436	-	( 702.754	-	max(0, 367.994	-	1003.832	+	702.754	))
=	974.429

Note: The Operating Income data used here is four times the quarterly (Jun. 2016) data.

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

Polycom's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2016		Q: Jun. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.2	/	( ( (97.301 + max(-67.855, 0))	+	(93.123 + max(-69.346, 0)) )	/	2 )
=	2.2	/	( ( 97.301	+	93.123 )	/	2 )
=	2.2	/	95.212
=	2.31 %

where Working Capital is:

	Working Capital		(Q: Mar. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(162.896	+	98.281	+	42.097)	-	(188.91	+	173.342	+	8.877)
=	-67.855

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(154.212	+	96.748	+	41.971)	-	(181.436	+	174.119	+	6.722)
=	-69.346

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2016 )
	=	45.408	/	1693.550
	=	2.68 %

Polycom EBIT Related Terms

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Polycom (Polycom) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Polycom Inc (NAS:PLCM) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.polycom.com

Polycom Inc was incorporated in December 1990 in Delaware. The Company provides an open, standards-based unified communications and collaboration (UC&C) solutions for voice, video and content collaboration solutions. Its solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich application programming interfaces (APIs) that interoperate with a set of communication, business, mobile, and cloud applications and devices to deliver secure face-to-face video collaboration across different environments. The Company is engaged in helping organizations achieve new levels of teamwork, efficiency and productivity by unleashing the power of human collaboration. The Company sells its solutions through a high-touch sales model that leverages its network of channel partners, including distributors, value-added resellers, system integrators; communications services providers, and retailers. The Company serves in three geographical segments; Americas, EMEA and APAC. Its products and solutions are; UC Group Systems, which includes immersive telepresence, group video and group voice systems. UC Platform, which includes collaboration servers, virtualization management "distributed media optimization", resource management, recording and streaming, open API's and remote access technologies that constitute the RealPresence Platform, and UC Personal Devices, which includes desktop video devices and desktop voice products. It competes in the UC&C market with products and solutions that enable voice, video and content collaboration on-premises, across intranets, extranets, mobile devices, and the Internet via its customer premises-based RealPresence Platform, web-based social-collaboration business platforms, and video collaboration-as-a-service offerings delivered from the cloud. These competitors include but are not limited to Cisco Systems, Inc., Acano, Avaya Inc., Blue Jeans Networks, Inc., ClearOne Communications, Inc., Huawei Technologies Co., Ltd., Logitech International S.A./LifeSize, PexIP, Snom Technology Ag, Vidyo, Inc., Yamaha Corporation/Revolabs, Inc., Yealink, ZTE Corporation and others. Its products and services are subject to various federal, state, local, and foreign laws and regulations.

Executives

Laura Durr	officer: CFO	C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Peter Leav	director, officer: President & CEO	7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007
Martha Helena Bejar	director	C/O POLYCOM, INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Gary James Daichendt	director	2633 RIVIERA DRIVE, LAGUNA BEACH CA 92651
Robert J Frankenberg	director	701 E. SUNBURST LN, ALPINE UT 84004
Betsy S Atkins	director, other: Former Director
William Arthur Owens	director	C/O CENTURYLINK, INC., 100 CENTURYLINK DRIVE, MONROE LA 71203
Eric F Brown	officer: CFO, COO & EVP	C/O POLYCOM, INC., 4750 WILLOW ROAD, PLEASANTON CA 94588
Tracey Newell	officer: EVP Global Sales	4750 WILLOW ROAD, PLEASANTON CA 94588
Andrew M. Miller	director, officer: President and CEO	6001 AMERICA CENTER DR., SAN JOSE CA 95164
David G Dewalt	director
Sudhakar Ramakrishna	officer: Pres. of Products & Services	4750 WILLOW RD., PLEASANTON CA 94588
Michael R Kourey	officer: Former EVP, Fin & Admin. & CFO
Robert C Hagerty	director, officer: President/CEO
Kevin Kennedy	other: Former Director