Cono Italiano (Cono Italiano) EBIT : $-0.71 Mil (TTM As of Sep. 2013)

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What is Cono Italiano EBIT?

Cono Italiano's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2013 was $-0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was $-0.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cono Italiano's annualized ROC % for the quarter that ended in Sep. 2013 was -48.15%. Cono Italiano's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -253.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cono Italiano's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -1,176.67%.

Cono Italiano EBIT Historical Data

The historical data trend for Cono Italiano'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.

Cono Italiano EBIT Chart

Cono Italiano Annual Data

Trend

Nov05

Nov06

Jan08

Jan09

Dec10

Dec11

Dec12

EBIT

Get a 7-Day Free Trial

-1.03

-0.53

-0.20

-0.49

-0.65

Cono Italiano Quarterly Data
	Oct08	Jan09	Apr09	Jul09	Oct09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
EBIT	Get a 7-Day Free Trial															-0.15	-0.21	-0.18	-0.22	-0.10

Competitive Comparison of Cono Italiano's EBIT

For the Packaged Foods subindustry, Cono Italiano'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.

Cono Italiano's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cono Italiano's EV-to-EBIT distribution charts can be found below:

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

Cono Italiano 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.71 Mil.

Cono Italiano (GREY:CNOZ) EBIT Explanation

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

Cono Italiano's annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

	ROC % (Q: Sep. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Sep. 2013 ))	/ count )
=	-0.416 * ( 1 - 0% )	/	( (0.844	+	0.884)	/ 2 )
=	-0.416	/	0.864
=	-48.15 %

where

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	0.209	-	1.285	-	( 0.002	-	max(0, 1.946	-	0.026	+	0.002	))
=	0.844

	Invested Capital		(Q: Sep. 2013 )
=	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	))
=	0.179	-	1.311	-	( 0.002	-	max(0, 2.023	-	0.007	+	0.002	))
=	0.884

Note: The Operating Income data used here is four times the quarterly (Sep. 2013) data.

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

Cono Italiano's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Sep. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.4	/	( ( (0.164 + max(-1.624, 0))	+	(0.152 + max(-1.72, 0)) )	/	2 )
=	-0.4	/	( ( 0.164	+	0.152 )	/	2 )
=	-0.4	/	0.158
=	-253.16 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.008	+	0.016	+	-3.4694469519536E-18)	-	(1.285	+	0	+	0.363)
=	-1.624

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.004	+	0	+	0.001)	-	(1.311	+	0	+	0.414)
=	-1.72

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2013 )
	=	-0.706	/	0.060
	=	-1,176.67 %

Cono Italiano EBIT Related Terms

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Cono Italiano (Cono Italiano) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cono Italiano Inc (GREY:CNOZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Main Street, Keyport, NJ, USA, 07735

Website

http://www.conoitaliano.com

Cono Italiano Inc was incorporated in the State of Nevada on September 9, 2004. It is a development stage company. It operates in fast food industry throughout the United States, Canada and Mexico and currently sell them in stadiums, arenas, at universities and through catering companies. Cono Italiano is licensed to distribute a food product called the 'Pizza Cono'. The Company intends to contact food distributors who sell to the restaurant community to distribute the product. The Company will seek to develop relationships with independent commissioned sales representatives throughout the country to sell and market the product to the retail community and specialty customers.

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