HVCW (Harrison Vickers and Waterman) EBIT: $-8.42 Mil (TTM As of Jun. 2019)


What is Harrison Vickers and Waterman EBIT?

Harrison Vickers and Waterman HVCW -99.00% EBIT is $-8.42 Mil as of Jun. 2019.

Harrison Vickers and Waterman's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2019 was $-8.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was $-8.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harrison Vickers and Waterman's annualized ROC % for the quarter that ended in Jun. 2019 was -10.24%. Harrison Vickers and Waterman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -266.19%.

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

Harrison Vickers and Waterman  (OTCPK:HVCW) EBIT Explanation

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

Harrison Vickers and Waterman's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

ROC % (Q: Jun. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2016 ) + Invested Capital (Q: Jun. 2019 ))/ count )
=-0.424 * ( 1 - 0% )/( (4.841 + 3.44)/ 2 )
=-0.424/4.1405
=-10.24 %

where

Invested Capital(Q: Jun. 2016 )
=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))
=5.335 - 1.711 - ( 0.123 - max(0, 2.356 - 1.139+0.123))
=4.841

Invested Capital(Q: Jun. 2019 )
=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))
=3.256 - 0.378 - ( 0.072 - max(0, 0.956 - 0.394+0.072))
=3.44

Note: The Operating Income data used here is one times the annual (Jun. 2019) data.

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

Harrison Vickers and Waterman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2016  Q: Jun. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-8.421/( ( (4.07 + max(-1.302, 0)) + (2.257 + max(-0.329, 0)) )/ 2 )
=-8.421/( ( 4.07 + 2.257 )/ 2 )
=-8.421/3.1635
=-266.19 %

where Working Capital is:

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.322 + 0.142 + 0.552) - (1.711 + 0.607 + 0)
=-1.302

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.078 + 0.244) - (0.378 + 0.253 + 0.02)
=-0.329

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2019) EBIT data.

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

Harrison Vickers and Waterman's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2019 )
=-8.421/0.000
= %

* 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.

Harrison Vickers and Waterman EBIT Related Terms

Harrison Vickers and Waterman EBIT Historical Data

* Premium members only.

The historical data trend for Harrison Vickers and Waterman'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.

Harrison Vickers and Waterman EBIT Chart

Harrison Vickers and Waterman Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun19
EBIT
-0.01 -0.41 -2.07 -18.50 -8.42

Harrison Vickers and Waterman Semi-Annual Data
Jun13 Jun14 Jun15 Jun16 Jun19
EBIT -0.01 -0.41 -2.07 -18.50 -8.42

HVCW vs IOUFF, GRVFF, STXMF: EBIT Comparison

For the Beverages - Brewers subindustry, Harrison Vickers and Waterman'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.

Harrison Vickers and Waterman EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Harrison Vickers and Waterman's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harrison Vickers and Waterman's EV-to-EBIT falls into.


Harrison Vickers and Waterman 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $-8.42 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 $-8.42 Mil mean?
Harrison Vickers and Waterman (HVCW) has a EBIT of $-8.42 Mil as of Jun. 2019. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harrison Vickers and Waterman.
Is Harrison Vickers and Waterman's EBIT too high?
Harrison Vickers and Waterman's current EBIT is $-8.42 Mil.
How does Harrison Vickers and Waterman's EBIT compare to IOUFF and GRVFF?
Harrison Vickers and Waterman's EBIT of $-8.42 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good EBIT depends on the Beverages - Alcoholic 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 Harrison Vickers and Waterman. Harrison Vickers and Waterman's current EBIT is $-8.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harrison Vickers and Waterman stock overvalued right now?
Harrison Vickers and Waterman (HVCW) has a current EBIT of $-8.42 Mil. The current EBIT is $-8.42 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 Harrison Vickers and Waterman (HVCW), the current EBIT is $-8.42 Mil as of Jun. 2019. 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.

Harrison Vickers and Waterman Business Description

Address 5781 Schaefer Avenue, Suite C, Chino, CA, USA, 91710
Harrison Vickers and Waterman Inc is a shell company.