Forum Mobile (Forum Mobile) EBIT : $-15.93 Mil (TTM As of Jun. 2006)

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What is Forum Mobile EBIT?

Forum Mobile's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2006 was $-7.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2006 was $-15.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forum Mobile's annualized ROC % for the quarter that ended in Jun. 2006 was -146.06%. Forum Mobile's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2006 was -1,813.82%.

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

Forum Mobile EBIT Historical Data

The historical data trend for Forum Mobile'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.

Forum Mobile EBIT Chart

Forum Mobile Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

EBIT

Get a 7-Day Free Trial

-1.52

-0.45

-0.91

-1.08

-6.38

Forum Mobile Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
EBIT	Get a 7-Day Free Trial															0.20	-0.37	-6.80	-0.86	-7.91

Competitive Comparison of Forum Mobile's EBIT

For the Telecom Services subindustry, Forum Mobile'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.

Forum Mobile's EV-to-EBIT Distribution in the Telecommunication Services Industry

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

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

Forum Mobile 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 Jun. 2006 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.93 Mil.

Forum Mobile (OTCPK:FRMB) EBIT Explanation

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

Forum Mobile's annualized ROC % for the quarter that ended in Jun. 2006 is calculated as:

	ROC % (Q: Jun. 2006 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2006 )	+	Invested Capital (Q: Jun. 2006 ))	/ count )
=	-31.624 * ( 1 - 0% )	/	( (22.973	+	20.331)	/ 2 )
=	-31.624	/	21.652
=	-146.06 %

where

	Invested Capital		(Q: Mar. 2006 )
=	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	))
=	23.136	-	5.79	-	( 0.151	-	max(0, 14.227	-	8.6	+	0.151	))
=	22.973

	Invested Capital		(Q: Jun. 2006 )
=	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	))
=	13.502	-	6.974	-	( 0.007	-	max(0, 18.916	-	5.113	+	0.007	))
=	20.331

Note: The Operating Income data used here is four times the quarterly (Jun. 2006) data.

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

Forum Mobile's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2006 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2006 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2006		Q: Jun. 2006
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-31.624	/	( ( (1.993 + max(0.188, 0))	+	(1.306 + max(-4.148, 0)) )	/	2 )
=	-31.624	/	( ( 2.181	+	1.306 )	/	2 )
=	-31.624	/	1.7435
=	-1,813.82 %

where Working Capital is:

	Working Capital		(Q: Mar. 2006 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.116	+	4.045	+	0.288)	-	(5.79	+	0	+	2.471)
=	0.188

	Working Capital		(Q: Jun. 2006 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.12	+	1.643	+	0.343)	-	(6.974	+	0	+	2.28)
=	-4.148

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2006) EBIT data.

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

Forum Mobile's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2006 )
	=	-15.931	/	0.000
	=	%

Forum Mobile EBIT Related Terms

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Forum Mobile (Forum Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Forum Mobile Inc (OTCPK:FRMB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Broadway, 21st Floor, New York, NY, USA, 10004

Website

http://www.forum-mobile.com

Forum Mobile Inc is a global Mobile Virtual Network Enabler (MVNE) based in the USA. It specializes in MVNE, Mobile Services, Telecom, and cloud services. The company is active in a variety of complimentary fields such as private banking, business development and consulting and provides hosting and trading platforms. Geographically the business activities are operated through United States.

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