Vestin Realty Mortgage II (Vestin Realty Mortgage II) EBIT : $-8.08 Mil (TTM As of Sep. 2016)

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What is Vestin Realty Mortgage II EBIT?

Vestin Realty Mortgage II's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2016 was $-2.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-8.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vestin Realty Mortgage II's annualized ROC % for the quarter that ended in Sep. 2016 was -84.56%. Vestin Realty Mortgage II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -51,697.30%.

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

Vestin Realty Mortgage II EBIT Historical Data

The historical data trend for Vestin Realty Mortgage II'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 II EBIT Chart

Vestin Realty Mortgage II Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

Get a 7-Day Free Trial

-0.70

1.01

-6.66

-3.89

-8.73

Vestin Realty Mortgage II Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
EBIT	Get a 7-Day Free Trial															-3.58	-2.26	-1.03	-2.40	-2.39

Competitive Comparison of Vestin Realty Mortgage II's EBIT

For the Mortgage Finance subindustry, Vestin Realty Mortgage II'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 II's EV-to-EBIT Distribution in the Banks Industry

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

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

Vestin Realty Mortgage II 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 Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.08 Mil.

Vestin Realty Mortgage II (OTCPK:VRTB) 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 II's annualized ROC % for the quarter that ended in Sep. 2016 is calculated as:

	ROC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	-8.352 * ( 1 - 0% )	/	( (9.415	+	10.34)	/ 2 )
=	-8.352	/	9.8775
=	-84.56 %

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	))
=	17.658	-	7.259	-	( 7.959	-	max(0, 7.879	-	8.863	+	7.959	))
=	9.415

	Invested Capital		(Q: Sep. 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	))
=	15.816	-	8.25	-	( 5.618	-	max(0, 8.87	-	6.096	+	5.618	))
=	10.34

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2016		Q: Sep. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.564	/	( ( (0.019 + max(-7.423, 0))	+	(0.018 + max(-8.555, 0)) )	/	2 )
=	-9.564	/	( ( 0.019	+	0.018 )	/	2 )
=	-9.564	/	0.0185
=	-51,697.30 %

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	+	0.456)	-	(7.259	+	0.62	+	-8.8817841970013E-16)
=	-7.423

	Working Capital		(Q: Sep. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.315)	-	(8.25	+	0.62	+	0)
=	-8.555

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2016 )
	=	-8.084	/	0.000
	=	%

Vestin Realty Mortgage II EBIT Related Terms

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Vestin Realty Mortgage II (Vestin Realty Mortgage II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Vestin Realty Mortgage II Inc (OTCPK:VRTB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

9130 W. Post Road, Suite 130, Las Vegas, NV, USA, 89148

Website

http://www.vestinrealtymortgage2.com

Vestin Realty Mortgage II Inc is active in the financial services domain. The company invests in loans secured by real estate through deeds of trust or mortgages. It also invests in, acquires, manages and sells the real property and acquires entities involved in the ownership or management of the real property. Vestin functions through two segments; Investments in Real Estate Loans, and Investments in equity securities of publicly traded companies.