SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'EBIT' VRTA (Vestin Realty Mortgage I) EBIT
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Vestin Realty Mortgage I (Vestin Realty Mortgage I) EBIT

: $-3.47 Mil (TTM As of Dec. 2016)
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Vestin Realty Mortgage I's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2016 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $-3.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vestin Realty Mortgage I's annualized ROC % for the quarter that ended in Dec. 2016 was 0.00%. Vestin Realty Mortgage I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vestin Realty Mortgage I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was -111.01%.

Vestin Realty Mortgage I EBIT Historical Data

The historical data trend for Vestin Realty Mortgage I'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.

Vestin Realty Mortgage I Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 0.50 -1.67 -4.55 -3.11

Vestin Realty Mortgage I Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Jun16 Dec16
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.27 -1.54 -0.98 -0.95 -
Competitive Comparison

For the Mortgage Finance subindustry, Vestin Realty Mortgage I'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.

Vestin Realty Mortgage I EV-to-EBIT Distribution

For the Banks industry and Financial Services sector, Vestin Realty Mortgage I's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vestin Realty Mortgage I's EV-to-EBIT falls into.


Vestin Realty Mortgage I 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.47 Mil.

* 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.

Vestin Realty Mortgage I  (OTCPK:VRTA) EBIT Explanation

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

Vestin Realty Mortgage I's annualized ROC % for the quarter that ended in Dec. 2016 is calculated as:

ROC % (Q: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2016 ) + Invested Capital (Q: Dec. 2016 ))/ count )
=0 * ( 1 - 0% )/( (9.502 + 8.398)/ 2 )
=0/8.95
=0.00 %

where

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))
=11.235 - 0.104 - ( 3.889 - max(0, 2.326 - 3.955+3.889))
=9.502

Invested Capital(Q: Dec. 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))
=9.428 - 0.103 - ( 2.995 - max(0, 2.212 - 3.139+2.995))
=8.398

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

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

Vestin Realty Mortgage I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2016  Q: Dec. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (3.939 + max(-0.104, 0)) + (3.884 + max(-0.103, 0)) )/ 2 )
=0/( ( 3.939 + 3.884 )/ 2 )
=0/3.9115
=0.00 %

where Working Capital is:

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 4.4408920985006E-16) - (0.104 + 0 + 0)
=-0.104

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + -4.4408920985006E-16) - (0.103 + 0 + 0)
=-0.103

When net working capital is negative, 0 is used.

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

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

Vestin Realty Mortgage I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=-3.469/3.125
=-111.01 %

* 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.

Vestin Realty Mortgage I EBIT Related Terms

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Vestin Realty Mortgage I (Vestin Realty Mortgage I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Vestin Realty Mortgage I Inc (OTCPK:VRTA) » Definitions » EBIT
Comparable Companies
BOM:532812 NZSE:BGI BOM:530663 BOM:501179 BOM:531310 XCNQ:PRI DHCPQ BOM:511740 ASX:N1H BOM:511533 BOM:523862 BOM:523465 TSXV:LES.H WAR:FHD NZSE:GEN XCNQ:STX SGX:5QY BOM:538402 TSXV:FDI BOM:530979
Traded in Other Exchanges
N/A
Address
9130 West Post Road, Suite 130, Las Vegas, NV, USA, 89148
Website
http://www.vestinrealtymortgage1.com
Vestin Realty Mortgage I Inc invests in loans secured by commercial real estate and also invests in, acquires, manages or sells commercial real property, investments in dividend paying securities and also invests in entities involved in the ownership or management of commercial real property. The company operates in two reportable segments namely investments in real estate loans and investments in real property.