Avistar Communications (Avistar Communications) EBIT : $-5.22 Mil (TTM As of Mar. 2012)

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What is Avistar Communications EBIT?

Avistar Communications's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2012 was $-1.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2012 was $-5.22 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avistar Communications's annualized ROC % for the quarter that ended in Mar. 2012 was -37.37%. Avistar Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2012 was -3,309.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avistar Communications's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2012 was -130,525.00%.

Avistar Communications EBIT Historical Data

The historical data trend for Avistar 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.

Avistar Communications EBIT Chart

Avistar Communications Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

EBIT

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-3.07

-5.92

-7.24

4.27

-6.22

Avistar Communications Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12
EBIT	Get a 7-Day Free Trial															-2.39	-2.13	0.55	-2.25	-1.39

Competitive Comparison of Avistar Communications's EBIT

For the Communication Equipment subindustry, Avistar 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.

Avistar Communications's EV-to-EBIT Distribution in the Hardware Industry

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

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

Avistar 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 Mar. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.22 Mil.

Avistar Communications (OTCPK:AVSR) EBIT Explanation

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

Avistar Communications's annualized ROC % for the quarter that ended in Mar. 2012 is calculated as:

	ROC % (Q: Mar. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2011 )	+	Invested Capital (Q: Mar. 2012 ))	/ count )
=	-5.56 * ( 1 - -0.14% )	/	( (14.092	+	15.705)	/ 2 )
=	-5.567784	/	14.8985
=	-37.37 %

where

	Invested Capital		(Q: Dec. 2011 )
=	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	))
=	5.163	-	0.916	-	( 2.722	-	max(0, 14.695	-	4.85	+	2.722	))
=	14.092

	Invested Capital		(Q: Mar. 2012 )
=	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	))
=	3.259	-	1.707	-	( 1.863	-	max(0, 17.045	-	2.892	+	1.863	))
=	15.705

Note: The Operating Income data used here is four times the quarterly (Mar. 2012) data.

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

Avistar Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2011		Q: Mar. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.56	/	( ( (0.151 + max(-6.567, 0))	+	(0.185 + max(-7.016, 0)) )	/	2 )
=	-5.56	/	( ( 0.151	+	0.185 )	/	2 )
=	-5.56	/	0.168
=	-3,309.52 %

where Working Capital is:

	Working Capital		(Q: Dec. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.76	+	0.016	+	0.352)	-	(0.916	+	7.298	+	0.481)
=	-6.567

	Working Capital		(Q: Mar. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.544	+	0.016	+	0.469)	-	(1.707	+	6.338	+	0)
=	-7.016

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2012 )
	=	-5.221	/	0.004
	=	-130,525.00 %

Avistar Communications EBIT Related Terms

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Avistar Communications (Avistar Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avistar Communications Corp (OTCPK:AVSR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1855 South Grant Street, 4th Floor, San Mateo, CA, USA, 94402

Website

http://www.avistar.com

Avistar Communications Corp creates technology that provides the missing critical element in unified communications: bringing people in organizations face-to-face, through enhanced communications for the true collaboration anytime, anyplace. The company's solutions include Bandwidth Management, CEBP, Firewall Traversal and Enterprise Endpoints. Its products include Avistar C3 Communicator, Avistar C3 Conference, Avistar C3 Command, Avistar C3 Call Control and Avistar C3 Media Engine.

Executives

R Stephen Heinrichs	director, 10 percent owner	141 CASPIAN COURT, SUNNYVALE CA 94089
Jefferies Financial Group Inc.	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022
Phlcorp Holding Llc	10 percent owner	529 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Baldwin Enterprises, Inc.	10 percent owner	529 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Robert P Latta	director	650 PAGE MILL ROAD, PALO ALTO CA 94304

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