GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » EBIT

Patient Access Solutions (Patient Access Solutions) EBIT : $-3.37 Mil (TTM As of Jul. 2008)


View and export this data going back to 2007. Start your Free Trial

What is Patient Access Solutions EBIT?

Patient Access Solutions's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2008 was $-2.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2008 was $-3.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Patient Access Solutions's annualized ROC % for the quarter that ended in Jul. 2008 was -553.27%. Patient Access Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2008 was -2,939.46%.

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


Patient Access Solutions EBIT Historical Data

The historical data trend for Patient Access Solutions'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.

Patient Access Solutions EBIT Chart

Patient Access Solutions Annual Data
Trend Oct06 Oct07 Oct08
EBIT
- -0.03 -

Patient Access Solutions Quarterly Data
Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08
EBIT Get a 7-Day Free Trial -0.18 0.33 -0.01 -0.81 -2.88

Competitive Comparison of Patient Access Solutions's EBIT

For the Health Information Services subindustry, Patient Access Solutions'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.


Patient Access Solutions's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Patient Access Solutions's EV-to-EBIT distribution charts can be found below:

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



Patient Access Solutions 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 Jul. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.37 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.


Patient Access Solutions  (OTCPK:PASO) EBIT Explanation

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

Patient Access Solutions's annualized ROC % for the quarter that ended in Jul. 2008 is calculated as:

ROC % (Q: Jul. 2008 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2008 ) + Invested Capital (Q: Jul. 2008 ))/ count )
=-11.508 * ( 1 - 0% )/( (2.127 + 2.033)/ 2 )
=-11.508/2.08
=-553.27 %

where

Note: The Operating Income data used here is four times the quarterly (Jul. 2008) data.

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

Patient Access Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2008 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2008 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2008  Q: Jul. 2008
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11.508/( ( (0.31 + max(0.076, 0)) + (0.292 + max(0.105, 0)) )/ 2 )
=-11.508/( ( 0.386 + 0.397 )/ 2 )
=-11.508/0.3915
=-2,939.46 %

where Working Capital is:

Working Capital(Q: Apr. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.051 + 0.019 + 0.176) - (0.11 + 0 + 0.06)
=0.076

Working Capital(Q: Jul. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.056 + 0.041 + 0.184) - (0.068 + 0 + 0.108)
=0.105

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2008) EBIT data.

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

Patient Access Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jul. 2008 )
=-3.372/0.000
= %

* 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.


Patient Access Solutions EBIT Related Terms

Thank you for viewing the detailed overview of Patient Access Solutions's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Patient Access Solutions (Patient Access Solutions) Business Description

Traded in Other Exchanges
N/A
Address
150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725
Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

From GuruFocus