NetMed (NetMed) EBIT : $-0.37 Mil (TTM As of Jun. 2002)

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What is NetMed EBIT?

NetMed's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2002 was $-0.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2002 was $-0.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NetMed's annualized ROC % for the quarter that ended in Jun. 2002 was -46.42%. NetMed's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2002 was -15,400.00%.

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

NetMed EBIT Historical Data

The historical data trend for NetMed'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.

NetMed EBIT Chart

NetMed Annual Data

Trend

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

EBIT

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-2.50

-1.60

-1.20

0.61

-0.46

NetMed Quarterly Data
	Mar97	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Mar99	Jun99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02
EBIT	Get a 7-Day Free Trial															-0.13	-0.10	-0.10	-0.10	-0.08

Competitive Comparison of NetMed's EBIT

For the Asset Management subindustry, NetMed'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.

NetMed's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NetMed's EV-to-EBIT distribution charts can be found below:

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

NetMed 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. 2002 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.37 Mil.

NetMed (OTCPK:NTME) EBIT Explanation

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

NetMed's annualized ROC % for the quarter that ended in Jun. 2002 is calculated as:

	ROC % (Q: Jun. 2002 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2002 )	+	Invested Capital (Q: Jun. 2002 ))	/ count )
=	-0.308 * ( 1 - 0% )	/	( (0.72	+	0.607)	/ 2 )
=	-0.308	/	0.6635
=	-46.42 %

where

	Invested Capital		(Q: Mar. 2002 )
=	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	))
=	1.093	-	0.034	-	( 0.352	-	max(0, 0.034	-	0.373	+	0.352	))
=	0.72

	Invested Capital		(Q: Jun. 2002 )
=	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	))
=	0.911	-	0.014	-	( 0.294	-	max(0, 0.017	-	0.307	+	0.294	))
=	0.607

Note: The Operating Income data used here is four times the quarterly (Jun. 2002) data.

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

NetMed's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2002 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2002 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2002		Q: Jun. 2002
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.308	/	( ( (0.002 + max(-0.013, 0))	+	(0.002 + max(-0.004, 0)) )	/	2 )
=	-0.308	/	( ( 0.002	+	0.002 )	/	2 )
=	-0.308	/	0.002
=	-15,400.00 %

where Working Capital is:

	Working Capital		(Q: Mar. 2002 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.021)	-	(0.034	+	0	+	0)
=	-0.013

	Working Capital		(Q: Jun. 2002 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.013)	-	(0.014	+	0	+	0.003)
=	-0.004

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2002) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2002 )
	=	-0.37	/	0.000
	=	%

NetMed EBIT Related Terms

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