Rainmaker Systems (Rainmaker Systems) EBIT : $-10.69 Mil (TTM As of Sep. 2014)

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What is Rainmaker Systems EBIT?

Rainmaker Systems's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2014 was $-1.99 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2014 was $-10.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rainmaker Systems's annualized ROC % for the quarter that ended in Sep. 2014 was -120.58%. Rainmaker Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was -813.07%.

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

Rainmaker Systems EBIT Historical Data

The historical data trend for Rainmaker Systems'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.

Rainmaker Systems EBIT Chart

Rainmaker Systems Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

EBIT

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-7.89

-9.28

-10.51

-3.68

-14.03

Rainmaker Systems Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
EBIT	Get a 7-Day Free Trial															-3.48	-4.12	-2.20	-2.37	-1.99

Competitive Comparison of Rainmaker Systems's EBIT

For the Education & Training Services subindustry, Rainmaker Systems'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.

Rainmaker Systems's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Rainmaker Systems's EV-to-EBIT distribution charts can be found below:

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

Rainmaker Systems 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.69 Mil.

Rainmaker Systems (OTCPK:VCTL) EBIT Explanation

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

Rainmaker Systems's annualized ROC % for the quarter that ended in Sep. 2014 is calculated as:

	ROC % (Q: Sep. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2014 )	+	Invested Capital (Q: Sep. 2014 ))	/ count )
=	-7.964 * ( 1 - 4.54% )	/	( (6.621	+	5.989)	/ 2 )
=	-7.6024344	/	6.305
=	-120.58 %

where

	Invested Capital		(Q: Jun. 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	))
=	5.854	-	18.512	-	( 0.568	-	max(0, 22.757	-	3.478	+	0.568	))
=	6.621

	Invested Capital		(Q: Sep. 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	))
=	4.59	-	17.844	-	( 0.17	-	max(0, 22.023	-	2.78	+	0.17	))
=	5.989

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2014		Q: Sep. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.964	/	( ( (1.068 + max(-18.427, 0))	+	(0.891 + max(-18.982, 0)) )	/	2 )
=	-7.964	/	( ( 1.068	+	0.891 )	/	2 )
=	-7.964	/	0.9795
=	-813.07 %

where Working Capital is:

	Working Capital		(Q: Jun. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.786	+	0	+	1.124)	-	(18.512	+	2.182	+	0.643)
=	-18.427

	Working Capital		(Q: Sep. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.262	+	0	+	1.348)	-	(17.844	+	2.979	+	0.769)
=	-18.982

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2014 )
	=	-10.691	/	0.000
	=	%

Rainmaker Systems EBIT Related Terms

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Rainmaker Systems (Rainmaker Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Rainmaker Systems Inc (OTCPK:VCTL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1821 S. Bascom Avenue, Suite 385, Campbell, CA, USA, 95008

Website

http://www.rainmakersystems.com

Rainmaker Systems Inc is a learning management solution provider to organizations of all size across the technology, financial services, biosciences, human resources, and consulting industries, among others.

Executives

Eric Salzman	director	C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Gary S Briggs	director	117 ADAMS STREET, C/O ETSY, BROOKLYN NY 11201
Timothy Burns	officer: Acting Chief Financial Officer	900 E. HAMILTON AVENUE, SUITE 400, CAMPBELL CA 95008
Charles Geiger	director	C/O CHEGG, INC., 3990 FREEDOM CIRCLE, SANTA CLARA CA 95054
Steve Valenzuela	officer: Chief Financial Officer	1800 GREEN HILLS ROAD, SCOTTS VALLEY CA 95066
Diker Management Llc	10 percent owner	570 LEXINGTON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Martin Hernandez	officer: President	C/O WESTELL TECHNOLOGIES, INC. 750 NORTH COMMONS DRIVE AURORA IL 60504
Hebb Donald B Jr	10 percent owner	400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Timothy T Weglicki	10 percent owner	400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Phillip A Clough	director, 10 percent owner	400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Stobo John D Jr	10 percent owner	400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Abs Capital Partners Iii L P	10 percent owner	1 SOUTH STREET, 25TH FLOOR, BALTIMORE MD 21202
Abs Partners Iii Llc	10 percent owner
Urioste George De	director	2118 WALSH AVENUE, SUITE 210, SANTA CLARA CA 95050

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