Carson Development (Carson Development) EBIT : $-4.11 Mil (TTM As of Sep. 2002)

View and export this data going back to . Start your Free Trial

What is Carson Development EBIT?

Carson Development's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2002 was $-0.65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2002 was $-4.11 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carson Development's annualized ROC % for the quarter that ended in Sep. 2002 was -54.98%. Carson Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2002 was -292.93%.

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

Carson Development EBIT Historical Data

The historical data trend for Carson Development'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.

Carson Development EBIT Chart

Carson Development Annual Data

Trend

Dec99

Dec00

Dec01

EBIT

-0.84

-6.55

-2.60

Carson Development Quarterly Data
	Mar99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02
EBIT	Get a 7-Day Free Trial							-0.73	-2.18	-0.09	-1.20	-0.65

Competitive Comparison of Carson Development's EBIT

For the Real Estate - Development subindustry, Carson Development'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.

Carson Development's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Carson Development's EV-to-EBIT distribution charts can be found below:

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

Carson Development 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. 2002 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.11 Mil.

Carson Development (OTCPK:CDVM) EBIT Explanation

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

Carson Development's annualized ROC % for the quarter that ended in Sep. 2002 is calculated as:

	ROC % (Q: Sep. 2002 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2002 )	+	Invested Capital (Q: Sep. 2002 ))	/ count )
=	-2.588 * ( 1 - 0% )	/	( (4.035	+	5.379)	/ 2 )
=	-2.588	/	4.707
=	-54.98 %

where

	Invested Capital		(Q: Jun. 2002 )
=	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	))
=	3.308	-	2.435	-	( 1.946	-	max(0, 5.4	-	2.238	+	1.946	))
=	4.035

	Invested Capital		(Q: Sep. 2002 )
=	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	))
=	3.778	-	2.513	-	( 0.003	-	max(0, 6.506	-	2.392	+	0.003	))
=	5.379

Note: The Operating Income data used here is four times the quarterly (Sep. 2002) data.

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

Carson Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2002 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2002 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2002		Q: Sep. 2002
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.588	/	( ( (0.907 + max(-5.019, 0))	+	(0.86 + max(-3.999, 0)) )	/	2 )
=	-2.588	/	( ( 0.907	+	0.86 )	/	2 )
=	-2.588	/	0.8835
=	-292.93 %

where Working Capital is:

	Working Capital		(Q: Jun. 2002 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.096	+	0.096	+	0.1)	-	(2.435	+	0	+	2.876)
=	-5.019

	Working Capital		(Q: Sep. 2002 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.882	+	0.071	+	0.362)	-	(2.513	+	0.934	+	2.867)
=	-3.999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2002) EBIT data.

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

Carson Development's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2002 )
	=	-4.111	/	0.000
	=	%

Carson Development EBIT Related Terms

Thank you for viewing the detailed overview of Carson Development's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Carson Development (Carson Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Carson Development Corp (OTCPK:CDVM) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

6917 West 135th Street, Suite B-29, Overland Park, KS, USA, 66223

Website

http://www.carsondevelopmentinc.com

Carson Development Corp is a Real Estate company. It includes the purchase of raw ground, developing the ground, constructing homes-apartment complexes-shopping centers-businesses, and then managing the property once it is complete.

Carson Development (Carson Development) Headlines

No Headlines