CVST (Covista Communications) EBIT: $-2.18 Mil (TTM As of Apr. 2005)


What is Covista Communications EBIT?

Covista Communications CVST -99.67% EBIT is $-2.18 Mil as of Apr. 2005.

Covista Communications's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2005 was $0.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2005 was $-2.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Covista Communications's annualized ROC % for the quarter that ended in Apr. 2005 was 6.61%. Covista Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2005 was 13.77%.

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

Covista Communications  (OTCPK:CVST) EBIT Explanation

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

Covista Communications's annualized ROC % for the quarter that ended in Apr. 2005 is calculated as:

ROC % (Q: Apr. 2005 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2005 ) + Invested Capital (Q: Apr. 2005 ))/ count )
=0.816 * ( 1 - 0% )/( (14.242 + 10.445)/ 2 )
=0.816/12.3435
=6.61 %

where

Invested Capital(Q: Jan. 2005 )
=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))
=27.231 - 8.452 - ( 8.606 - max(0, 13.717 - 18.254+8.606))
=14.242

Invested Capital(Q: Apr. 2005 )
=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))
=24.311 - 8.919 - ( 6.509 - max(0, 10.83 - 15.777+6.509))
=10.445

Note: The Operating Income data used here is four times the quarterly (Apr. 2005) data.

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

Covista Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2005 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2005 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2005  Q: Apr. 2005
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.816/( ( (6.082 + max(-3.496, 0)) + (5.768 + max(-1.304, 0)) )/ 2 )
=0.816/( ( 6.082 + 5.768 )/ 2 )
=0.816/5.925
=13.77 %

where Working Capital is:

Working Capital(Q: Jan. 2005 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.024 + 0 + 0.624) - (8.452 + 1.251 + 3.441)
=-3.496

Working Capital(Q: Apr. 2005 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.468 + 0 + 0.8) - (8.919 + 1.436 + 0.217)
=-1.304

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2005) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2005 )
=-2.179/0.000
= %

* 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.

Covista Communications EBIT Related Terms

Covista Communications EBIT Historical Data

* Premium members only.

The historical data trend for Covista 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.

Covista Communications EBIT Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.00 -12.16 -9.17 -0.62 -4.29

Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.91 -1.05 -1.53 0.20 0.20

CVST vs FULO, TWER, DTGI: EBIT Comparison

For the Telecom Services subindustry, Covista 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.

Covista Communications EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Covista Communications's EV-to-EBIT distribution charts can be found below:

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


Covista 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 Apr. 2005 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.18 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-2.18 Mil mean?
Covista Communications (CVST) has a EBIT of $-2.18 Mil as of Apr. 2005. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Covista Communications.
Is Covista Communications' EBIT too high?
Covista Communications' current EBIT is $-2.18 Mil.
How does Covista Communications' EBIT compare to FULO and TWER?
Covista Communications' EBIT of $-2.18 Mil can be compared against companies in the Telecommunication 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 Telecommunication Services company?
A good EBIT depends on the Telecommunication 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 Covista Communications. Covista Communications's current EBIT is $-2.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covista Communications stock overvalued right now?
Covista Communications (CVST) has a current EBIT of $-2.18 Mil. The current EBIT is $-2.18 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 Covista Communications (CVST), the current EBIT is $-2.18 Mil as of Apr. 2005. 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.

Covista Communications Business Description

Address 735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.