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Cardiovascular Systems Inc (NAS:CSII)
EV/EBIT
-22.60 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cardiovascular Systems Inc's enterprise value is $756.9 Mil. Cardiovascular Systems Inc's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $-33.5 Mil. Therefore, Cardiovascular Systems Inc's EV/EBIT ratio for today is -22.60.

CSII' s 10-Year EV/EBIT Range
Min: -32.3   Max: 5
Current: -22.6

-32.3
5

During the past 13 years, the highest EV/EBIT Ratio of Cardiovascular Systems Inc was 5.00. The lowest was -32.30. And the median was -5.80.

CSII's EV/EBITis ranked lower than
58% of the 418 Companies
in the Global Medical Devices industry.

( Industry Median: 35.63 vs. CSII: -22.60 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cardiovascular Systems Inc's enterprise value for the quarter that ended in Jun. 2014 was $872.1 Mil. Cardiovascular Systems Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $-33.5 Mil. Cardiovascular Systems Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was -3.84%.


Definition

Cardiovascular Systems Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=756.922/-33.489
=-22.60

Cardiovascular Systems Inc's current Enterprise Value is $756.9 Mil.
Cardiovascular Systems Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -6.847 (Sep. 2013 ) + -7.495 (Dec. 2013 ) + -9.593 (Mar. 2014 ) + -9.554 (Jun. 2014 ) = $-33.5 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Cardiovascular Systems Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=-33.489/872.076
=-3.84 %

Cardiovascular Systems Inc's Enterprise Value for the quarter that ended in Jun. 2014 was $872.1 Mil.
Cardiovascular Systems Inc's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was -6.847 (Sep. 2013 ) + -7.495 (Dec. 2013 ) + -9.593 (Mar. 2014 ) + -9.554 (Jun. 2014 ) = $-33.5 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cardiovascular Systems Inc Annual Data

Dec05Dec06Dec07Dec08Jun09Jun10Jun11Jun12Jun13Jun14
ev2ebit 0.00-0.84-2.790.47-4.01-2.42-27.06-12.35-20.59-26.04

Cardiovascular Systems Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit -14.18-12.35-13.30-13.88-22.03-20.59-18.84-31.80-26.50-26.04
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