Odimo (ODMO) EBIT : $-0.11 Mil (TTM As of Dec. 2012)

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What is Odimo EBIT?

Odimo's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2012 was $-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was $-0.11 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Odimo's annualized ROC % for the quarter that ended in Dec. 2012 was %. Odimo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Odimo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was -11,200.00%.

Odimo EBIT Historical Data

The historical data trend for Odimo'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.

Odimo EBIT Chart

Odimo Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

EBIT

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-0.11

-0.02

-0.18

-0.09

-0.11

Odimo Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
EBIT	Get a 7-Day Free Trial															-0.02	-0.03	-0.03	-0.02	-0.04

Competitive Comparison of Odimo's EBIT

For the Shell Companies subindustry, Odimo'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.

Odimo's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Odimo 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 Dec. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.11 Mil.

Odimo (GREY:ODMO) EBIT Explanation

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

Odimo's annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

	ROC % (Q: Dec. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2012 )	+	Invested Capital (Q: Dec. 2012 ))	/ count )
=	-0.152 * ( 1 - % )	/	( (0	+	0)	/ 2 )
=	-0.152	/	0
=	%

where

	Invested Capital		(Q: Sep. 2012 )
=	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	))
=	0.004	-	0.08	-	( 0.004	-	max(0, 0.08	-	0.004	+	0.004	))
=	0

	Invested Capital		(Q: Dec. 2012 )
=	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	))
=	0.005	-	0.108	-	( 0.005	-	max(0, 0.108	-	0.005	+	0.005	))
=	0

Note: The Operating Income data used here is four times the quarterly (Dec. 2012) data.

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

Odimo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2012		Q: Dec. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.152	/	( ( (0 + max(-0.08, 0))	+	(0 + max(-0.108, 0)) )	/	2 )
=	-0.152	/	( ( 0	+	0 )	/	2 )
=	-0.152	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.08	+	0	+	0)
=	-0.08

	Working Capital		(Q: Dec. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.108	+	0	+	0)
=	-0.108

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2012 )
	=	-0.112	/	0.001
	=	-11,200.00 %

Odimo EBIT Related Terms

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Odimo (ODMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Odimo Inc (GREY:ODMO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

9858 Clint Moore Road, Boca Raton, FL, USA, 33496

Website

Odimo Inc is a non-operating shell company.

Executives

Alan Lipton	director
Bruce Galloway	10 percent owner	C/O GALLOWAY CAPITAL MANAGEMENT LLC, 720 FIFTH AVENUE 10TH FLOOR, NEW YORK NY 10019
Galloway Capital Management, Llc	10 percent owner	1325 AVENUE OF THE AMERICAS, 26TH FLOOR, NEW YORK NY 10019
Strategic Turnaround Equity Partners Lp Cayman	10 percent owner	PO BOX 2150 GT 4TH FLOOR, 1 CAYMAN FINANCIAL CENTER, GRAND CAYMAN E9 00000
Softbank Capital Partners Llc	10 percent owner	1188 CENTRE ST, NEWTON CENTER MA 02459
Sb Capital Managers Llc	10 percent owner
Eric Hippeau	director	STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Stanley Stern	director	14001 NW 4TH STREET, SUNRISE FL 33325

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