Coastal Contacts (OSTO:COA) EBIT : kr-106 Mil (TTM As of Jan. 2014)

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What is Coastal Contacts EBIT?

Coastal Contacts's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2014 was kr-28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2014 was kr-106 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coastal Contacts's annualized ROC % for the quarter that ended in Jan. 2014 was -47.10%. Coastal Contacts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2014 was -173.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coastal Contacts's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2014 was -11.49%.

Coastal Contacts EBIT Historical Data

The historical data trend for Coastal Contacts'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.

Coastal Contacts EBIT Chart

Coastal Contacts Annual Data

Trend

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

EBIT

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31.17

21.27

-30.65

-23.49

-92.62

Coastal Contacts Quarterly Data
	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14
EBIT	Get a 7-Day Free Trial															-17.61	-43.03	-21.05	-13.71	-28.14

Competitive Comparison of Coastal Contacts's EBIT

For the Medical Instruments & Supplies subindustry, Coastal Contacts'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.

Coastal Contacts's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Coastal Contacts's EV-to-EBIT distribution charts can be found below:

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

Coastal Contacts 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 Jan. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-106 Mil.

Coastal Contacts (OSTO:COA) EBIT Explanation

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

Coastal Contacts's annualized ROC % for the quarter that ended in Jan. 2014 is calculated as:

	ROC % (Q: Jan. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2013 )	+	Invested Capital (Q: Jan. 2014 ))	/ count )
=	-112.552 * ( 1 - -0.17% )	/	( (244.076	+	234.671)	/ 2 )
=	-112.7433384	/	239.3735
=	-47.10 %

where

	Invested Capital		(Q: Oct. 2013 )
=	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	))
=	576.677	-	271.062	-	( 137.411	-	max(0, 315.799	-	377.338	+	137.411	))
=	244.076

	Invested Capital		(Q: Jan. 2014 )
=	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	))
=	526.882	-	254.278	-	( 80.23	-	max(0, 288.067	-	326	+	80.23	))
=	234.671

Note: The Operating Income data used here is four times the quarterly (Jan. 2014) data.

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

Coastal Contacts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2013		Q: Jan. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-112.552	/	( ( (65.205 + max(-47.589, 0))	+	(64.488 + max(-68.177, 0)) )	/	2 )
=	-112.552	/	( ( 65.205	+	64.488 )	/	2 )
=	-112.552	/	64.8465
=	-173.57 %

where Working Capital is:

	Working Capital		(Q: Oct. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.768	+	179.285	+	16.992)	-	(271.062	+	0	+	13.572)
=	-47.589

	Working Capital		(Q: Jan. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	178.371	+	22.885)	-	(254.278	+	0	+	15.155)
=	-68.177

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2014) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2014 )
	=	-105.92	/	921.588
	=	-11.49 %

Coastal Contacts EBIT Related Terms

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Coastal Contacts (OSTO:COA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Coastal Contacts Inc. (OSTO:COA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.coastalcontacts.com

Coastal Contacts Inc. was incorporated under the Canada Business Corporations Act on December 14, 2000. The Company is an online retailer of vision care products. It is a direct-to-consumer retailer of vision care products and services. The Company sells contact lenses, eyeglasses and related products mainly through the Company's internet websites, although customers may also place orders over the telephone. It has operations and distribution centers in North America, Europe and Australia. The Company sells contact lenses manufactured by multinational companies such as Johnson and Johnson Inc., CIBA Vision Corporation (a division of Alcon), Bausch & Lomb Inc. and Coopervision Inc. It sells eyeglasses, which are mainly assembled in the Company's own laboratories, composed of frames and lenses purchased from a variety of different suppliers. The frames it uses in its eyeglasses include both branded frames and the Company's own private label frames such as Derek Cardigan, Kam Dhillon, Ltede and Joseph Marc. The Company also sells a variety of vision related products such as sunglasses and contact lens solutions including its own Healthy Eyes brand multipurpose contact lens solution for soft contact lenses. It offers substantially all of the soft contact lenses produced by the contact lens manufacturers, including Johnson & Johnson Inc., CIBA Vision Corporation, Bausch & Lomb Inc. and Coopervision Inc. The Company conducts all of its product fulfillment operations from the Company's distribution facilities in Vancouver, British Columbia, Canada; Stockholm, Sweden; Blaine, Washington and Sydney, Australia.

Coastal Contacts (OSTO:COA) Headlines

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