Innovest Global (Innovest Global) EBIT : $-0.25 Mil (TTM As of Jun. 2009)

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What is Innovest Global EBIT?

Innovest Global's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2009 was $-0.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2009 was $-0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Innovest Global's annualized ROC % for the quarter that ended in Jun. 2009 was -12.93%. Innovest Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2009 was -23.54%.

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

Innovest Global EBIT Historical Data

The historical data trend for Innovest Global'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.

Innovest Global EBIT Chart

Innovest Global Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

EBIT

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0.02

-0.07

0.02

-1.60

-0.01

Innovest Global Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
EBIT	Get a 7-Day Free Trial															0.04	0.07	-0.12	-0.10	-0.12

Competitive Comparison of Innovest Global's EBIT

For the Conglomerates subindustry, Innovest Global'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.

Innovest Global's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Innovest Global's EV-to-EBIT distribution charts can be found below:

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

Innovest Global 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. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.25 Mil.

Innovest Global (OTCPK:IVST) EBIT Explanation

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

Innovest Global's annualized ROC % for the quarter that ended in Jun. 2009 is calculated as:

	ROC % (Q: Jun. 2009 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2009 )	+	Invested Capital (Q: Jun. 2009 ))	/ count )
=	-0.46 * ( 1 - % )	/	( (3.416	+	3.697)	/ 2 )
=	-0.46	/	3.5565
=	-12.93 %

where

	Invested Capital		(Q: Mar. 2009 )
=	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	))
=	2.232	-	1.078	-	( 0.011	-	max(0, 2.474	-	0.212	+	0.011	))
=	3.416

	Invested Capital		(Q: Jun. 2009 )
=	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	))
=	2.273	-	1.226	-	( 0	-	max(0, 2.864	-	0.214	+	0	))
=	3.697

Note: The Operating Income data used here is four times the quarterly (Jun. 2009) data.

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

Innovest Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2009 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2009 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2009		Q: Jun. 2009
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.46	/	( ( (1.937 + max(-1.061, 0))	+	(1.972 + max(-1.208, 0)) )	/	2 )
=	-0.46	/	( ( 1.937	+	1.972 )	/	2 )
=	-0.46	/	1.9545
=	-23.54 %

where Working Capital is:

	Working Capital		(Q: Mar. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.017	+	0	+	-2.7755575615629E-17)	-	(1.078	+	0	+	0)
=	-1.061

	Working Capital		(Q: Jun. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.018	+	0	+	0)	-	(1.226	+	0	+	0)
=	-1.208

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2009) EBIT data.

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

Innovest Global's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2009 )
	=	-0.253	/	0.000
	=	%

Innovest Global EBIT Related Terms

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Innovest Global (Innovest Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Innovest Global Inc (OTCPK:IVST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

8834 Mayfield Road, Chesterland, OH, USA, 44026

Website

https://www.innovestglobal.com

Innovest Global Inc is a diversified Industrial company. It operates in six segments: Energy Solutions, which provides an all-in-one offering of procurement and efficiency solutions for commercial and industrial customers, including LED lighting and retrofits; Energy Brokerage segment provides competitive electricity and natural gas purchase programs for residential and commercial consumers; Call Center Services; Building Solutions segment designs, engineers, tests and assembles curtainwall systems or other building solutions used in large custom construction projects; Wholesale Purchasing, which acts as a national distributor of roofing, windows, fasteners, and associated tools and accessories; and Others segment.