Redefy (Redefy) EBIT : $-0.25 Mil (TTM As of Mar. 2014)

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What is Redefy EBIT?

Redefy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2014 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2014 was $-0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Redefy's annualized ROC % for the quarter that ended in Mar. 2014 was 45.28%. Redefy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2014 was %.

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

Redefy EBIT Historical Data

The historical data trend for Redefy'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.

Redefy EBIT Chart

Redefy Annual Data

Trend

Mar12

Mar13

Mar14

EBIT

-0.19

-0.29

-0.25

Redefy Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
EBIT	Get a 7-Day Free Trial							-0.11	-0.10	-0.17	0.01	-

Competitive Comparison of Redefy's EBIT

For the Real Estate Services subindustry, Redefy'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.

Redefy's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Redefy's EV-to-EBIT distribution charts can be found below:

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

Redefy 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 Mar. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.25 Mil.

Redefy (OTCPK:RDCO) EBIT Explanation

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

Redefy's annualized ROC % for the quarter that ended in Mar. 2014 is calculated as:

	ROC % (Q: Mar. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2013 )	+	Invested Capital (Q: Mar. 2014 ))	/ count )
=	0.084 * ( 1 - 0% )	/	( (0.183	+	0.188)	/ 2 )
=	0.084	/	0.1855
=	45.28 %

where

	Invested Capital		(Q: Dec. 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	))
=	0.205	-	0	-	( 0.086	-	max(0, 0.064	-	0.086	+	0.086	))
=	0.183

	Invested Capital		(Q: Mar. 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	))
=	0.177	-	0.002	-	( 0.075	-	max(0, 0.088	-	0.075	+	0.075	))
=	0.188

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2013		Q: Mar. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.012	/	( ( (0 + max(0, 0))	+	(0 + max(-0.002, 0)) )	/	2 )
=	0.012	/	( ( 0	+	0 )	/	2 )
=	0.012	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.002	+	0	+	0)
=	-0.002

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2014 )
	=	-0.254	/	0.000
	=	%

Redefy EBIT Related Terms

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Redefy (Redefy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redefy Corp (OTCPK:RDCO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2675 S Abilene, Suite 215, Aurora, CO, USA, 80014

Website

https://www.redefy.com

Redefy Corp is a technology and data-enabled residential real estate brokerage company. It offers full-service real estate sales services for a flat fee, saving homeowners money in real estate commissions. That flat fee includes all the services of a traditional agent, starting with an in-home consultation, professional photography, yard signs, lock boxes, scheduling showings, marketing and advertising.