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VIA Pharmaceuticals's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2010 was $-0.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2010 was $-5.91 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VIA Pharmaceuticals's annualized ROC % for the quarter that ended in Dec. 2010 was -26.59%. VIA Pharmaceuticals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 was -12,872.73%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield.
The historical data trend for VIA Pharmaceuticals'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.
VIA Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Dec01 | Dec02 | Dec03 | Dec04 | Dec05 | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | |||||||||||
EBIT | Get a 7-Day Free Trial | -8.22 | -18.53 | -20.46 | -13.25 | -5.91 |
VIA Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Mar06 | Jun06 | Sep06 | Dec06 | Mar07 | Jun07 | Sep07 | Dec07 | Mar08 | Jun08 | Sep08 | Dec08 | Mar09 | Jun09 | Sep09 | Dec09 | Mar10 | Jun10 | Sep10 | Dec10 | |
EBIT | Get a 7-Day Free Trial | -2.81 | -2.43 | -1.39 | -1.21 | -0.89 |
For the Biotechnology subindustry, VIA Pharmaceuticals'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.
For the Biotechnology industry and Healthcare sector, VIA Pharmaceuticals's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where VIA Pharmaceuticals's EV-to-EBIT falls into.
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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.91 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.
VIA Pharmaceuticals (GREY:VIAP) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
VIA Pharmaceuticals's annualized ROC % for the quarter that ended in Dec. 2010 is calculated as:
ROC % (Q: Dec. 2010 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2010 ) | + | Invested Capital (Q: Dec. 2010 )) | / count ) |
= | -3.54 * ( 1 - 0% ) | / | ( (12.572 | + | 14.057) | / 2 ) |
= | -3.54 | / | 13.3145 | |||
= | -26.59 % |
where
Invested Capital | (Q: Sep. 2010 ) | |||||||||||
= | 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 | )) |
= | 0.49 | - | 4.595 | - | ( 0.278 | - | max(0, 17.103 | - | 0.426 | + | 0.278 | )) |
= | 12.572 |
Invested Capital | (Q: Dec. 2010 ) | |||||||||||
= | 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 | )) |
= | 0.5 | - | 4.988 | - | ( 0.084 | - | max(0, 18.989 | - | 0.444 | + | 0.084 | )) |
= | 14.057 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2010) data.
2. Joel Greenblatt's definition of Return on Capital:
VIA Pharmaceuticals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2010 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2010 | Q: Dec. 2010 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -3.54 | / | ( ( (0.032 + max(-4.447, 0)) | + | (0.023 + max(-4.628, 0)) ) | / | 2 ) |
= | -3.54 | / | ( ( 0.032 | + | 0.023 ) | / | 2 ) |
= | -3.54 | / | 0.0275 | ||||
= | -12,872.73 % |
where Working Capital is:
Working Capital | (Q: Sep. 2010 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 0.148) | - | (4.595 | + | 0 | + | 3.5527136788005E-15) |
= | -4.447 |
Working Capital | (Q: Dec. 2010 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 0.36) | - | (4.988 | + | 0 | + | 0) |
= | -4.628 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2010) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
VIA Pharmaceuticals's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2010 ) |
= | -5.914 | / | 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.
Thank you for viewing the detailed overview of VIA Pharmaceuticals's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Fred B Craves | director | 750 BATTERY ST, STE 600, SAN FRANCISCO CA 94111 |
Bay City Capital Fund Iv, L.p. | 10 percent owner | 750 BATTERY STREET, SUITE 400, SAN FRANCISCO CA 94111 |
Bay City Capital Management Iv Llc | 10 percent owner | 750 BATTERY STREET, SUITE 400, SAN FRANCISCO CA 94111 |
Bay City Capital Fund Iv Co Invesment Fund Lp | 10 percent owner | 750 BATTERY ST STE 400, SAN FRANCISCO CA 94111 |
Bay City Capital Llc | 10 percent owner | 750 BATTERY STREET STE 400, SAN FRANCISCO CA 94111 |
Douglas B Given | director | C/O NEORX CORP, 410 WEST HARRISON ST, SEATTLE WA 98119 |
Karen Steil Wright | officer: V.P. ? Finance, Controller | 750 BATTERY STREET, SUITE 330, SAN FRANCISCO CA 94111 |
Lawrence Kenneth Cohen | director, officer: CEO and President | 750 BATTERY STREET, SUITE 330 SAN FRANCISCO CA 94111 |
Richard L Anderson | director | 14031 216TH WAY NE, WOODINVILLE WA 98072 |
Mark Bagnall | director | 3876 BAY CENTER PLACE, HAYWARD CA 94545 |
Rebecca Taub | officer: SVP, Research & Development | 750 BATTERY STREET, SUITE 330, SAN FRANCISCO CA 94111 |
Adeoye Y Olukotun | officer: Chief Medical Officer | 3621 SOUTH STATE ST, 695 KMS PL, ANN ARBOR MI 48108 |
Deerfield Special Situations Fund International Ltd | 10 percent owner, other: Possible Member of 10% Group | BISON COURT, ROAD TOWN, TORTOLA D8 - |
Deerfield Special Situations Fund, L.p. | 10 percent owner, other: Possible Member of 10% Group | 780 3RD AVENUE, 37TH FLOOR, NEW YORK NY 10017 |
James E Flynn | 10 percent owner, other: Possible Member of 10% Group | 780 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017 |
From GuruFocus
By gurufocus • 08-12-2009
By gurufocus 10qk • 11-12-2009
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