CVHL (CV Holdings) EBIT: $-46.0 Mil (TTM As of Dec. 2008)

What is CV Holdings EBIT?

CV Holdings CVHL EBIT is $-46.0 Mil as of Dec. 2008.

CV Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2008 was $1.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2008 was $-46.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CV Holdings's annualized ROC % for the quarter that ended in Dec. 2008 was 0.35%. CV Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2008 was 17.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CV Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2008 was -4,727.65%.

CV Holdings (OTCPK:CVHL) EBIT Explanation

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

CV Holdings's annualized ROC % for the quarter that ended in Dec. 2008 is calculated as:

	ROC % (Q: Dec. 2008 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2008 )	+	Invested Capital (Q: Dec. 2008 ))	/ count )
=	5.252 * ( 1 - % )	/	( (1602.26	+	1399.009)	/ 2 )
=	5.252	/	1500.6345
=	0.35 %

where

	Invested Capital		(Q: Sep. 2008 )
=	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	))
=	1566.028	-	11.908	-	( 18.732	-	max(0, 66.872	-	18.732	+	18.732	))
=	1602.26

	Invested Capital		(Q: Dec. 2008 )
=	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	))
=	1402.943	-	11.957	-	( 23.133	-	max(0, 31.156	-	23.133	+	23.133	))
=	1399.009

Note: The Operating Income data used here is four times the quarterly (Dec. 2008) data.

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

CV Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2008 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2008 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2008		Q: Dec. 2008
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.252	/	( ( (27.247 + max(-11.908, 0))	+	(33.441 + max(-11.957, 0)) )	/	2 )
=	5.252	/	( ( 27.247	+	33.441 )	/	2 )
=	5.252	/	30.344
=	17.31 %

where Working Capital is:

	Working Capital		(Q: Sep. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(11.908	+	0	+	0)
=	-11.908

	Working Capital		(Q: Dec. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(11.957	+	0	+	-3.5527136788005E-15)
=	-11.957

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2008) EBIT data.

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

CV Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2008 )
	=	-46	/	0.973
	=	-4,727.65 %

* 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.

CV Holdings EBIT Related Terms

CV Holdings EBIT Historical Data

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The historical data trend for CV Holdings's EBIT can be seen below:

CV Holdings EBIT Chart

CV Holdings Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

EBIT

3.69

52.49

97.27

-46.50

CV Holdings Quarterly Data
	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
EBIT	Get a 7-Day Free Trial									20.71	22.97	-40.36	-29.92	1.31

CVHL vs ACMC, BMNM, TRMT: EBIT Comparison

For the Credit Services subindustry, CV Holdings'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.

CV Holdings EV-to-EBIT vs Credit Services Industry

For the Credit Services industry and Financial Services sector, CV Holdings's EV-to-EBIT distribution charts can be found below:

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

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CV Holdings 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 Dec. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-46.0 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-46.0 Mil mean?

CV Holdings (CVHL) has a EBIT of $-46.0 Mil as of Dec. 2008. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CV Holdings.

Is CV Holdings' EBIT too high?

CV Holdings' current EBIT is $-46.0 Mil.

How does CV Holdings' EBIT compare to ACMC and BMNM?

CV Holdings' EBIT of $-46.0 Mil can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Credit Services company?

A good EBIT depends on the Credit Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CV Holdings. CV Holdings's current EBIT is $-46.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CV Holdings stock overvalued right now?

CV Holdings (CVHL) has a current EBIT of $-46.0 Mil. The current EBIT is $-46.0 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For CV Holdings (CVHL), the current EBIT is $-46.0 Mil as of Dec. 2008. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CV Holdings Business Description

Industry Financial Services Credit Services

Comparable Companies ACMC BMNM TRMT LOAN HCFT SACH EARN AI CHMI AJX ANH ORC DX XAN ACRE MITT WMC RC CMO GPMT

Address 1300 Quail Street, Suite 106, Newport Beach, CA, USA, 92660

Website http://www.cvhldgs.com

CV Holdings Inc operates as a holding company for finance-related businesses. The company, through its wholly-owned or controlled subsidiaries, holds several types of investment assets, including contracts receivable, and investments in a joint venture and limited liability company. Its primary business is focused on commercial small ticket equipment leases or finance contracts nationwide across various industries where originations utilize a broker- and vendor based model.