VSYS (Viscount Systems) EBIT: $-3.89 Mil (TTM As of Jun. 2016)

What is Viscount Systems EBIT?

Viscount Systems VSYS -99.50% EBIT is $-3.89 Mil as of Jun. 2016.

Viscount Systems's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2016 was $-0.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $-3.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Viscount Systems's annualized ROC % for the quarter that ended in Jun. 2016 was -19.95%. Viscount Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was -361.83%.

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

Viscount Systems (OTCPK:VSYS) EBIT Explanation

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

Viscount Systems's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

	ROC % (Q: Jun. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2016 )	+	Invested Capital (Q: Jun. 2016 ))	/ count )
=	-1.132 * ( 1 - 0% )	/	( (5.696	+	5.65)	/ 2 )
=	-1.132	/	5.673
=	-19.95 %

where

	Invested Capital		(Q: Mar. 2016 )
=	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	))
=	1.041	-	2.029	-	( 0.081	-	max(0, 7.583	-	0.899	+	0.081	))
=	5.696

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	1.093	-	2.784	-	( 0.033	-	max(0, 8.302	-	0.961	+	0.033	))
=	5.65

Note: The Operating Income data used here is four times the quarterly (Jun. 2016) data.

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

Viscount Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2016		Q: Jun. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.436	/	( ( (0.122 + max(-4.186, 0))	+	(0.119 + max(-4.729, 0)) )	/	2 )
=	-0.436	/	( ( 0.122	+	0.119 )	/	2 )
=	-0.436	/	0.1205
=	-361.83 %

where Working Capital is:

	Working Capital		(Q: Mar. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.41	+	0.349	+	0.059)	-	(2.029	+	0.022	+	2.953)
=	-4.186

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.465	+	0.266	+	0.197)	-	(2.784	+	0.019	+	2.854)
=	-4.729

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2016) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2016 )
	=	-3.892	/	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.

Viscount Systems EBIT Related Terms

Viscount Systems EBIT Historical Data

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The historical data trend for Viscount Systems's EBIT can be seen below:

Viscount Systems EBIT Chart

Viscount Systems Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

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-2.89

-2.71

-0.92

-3.53

-2.27

Viscount Systems Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
EBIT	Get a 7-Day Free Trial															1.81	-0.29	-3.81	0.31	-0.11

VSYS vs FPVD, VRME, BLPG: EBIT Comparison

For the Shell Companies subindustry, Viscount 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.

Viscount Systems EV-to-EBIT vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Viscount Systems's EV-to-EBIT distribution charts can be found below:

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

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Viscount 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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.89 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-3.89 Mil mean?

Viscount Systems (VSYS) has a EBIT of $-3.89 Mil as of Jun. 2016. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Viscount Systems.

Is Viscount Systems' EBIT too high?

Viscount Systems' current EBIT is $-3.89 Mil.

How does Viscount Systems' EBIT compare to FPVD and VRME?

Viscount Systems' EBIT of $-3.89 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Diversified Financial Services company?

A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Viscount Systems. Viscount Systems's current EBIT is $-3.89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Viscount Systems stock overvalued right now?

Viscount Systems (VSYS) has a current EBIT of $-3.89 Mil. The current EBIT is $-3.89 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Viscount Systems (VSYS), the current EBIT is $-3.89 Mil as of Jun. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Viscount Systems Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies FPVD VRME BLPG VII BFDI UUU GKPRF SMME DGLY NXTD WSMTF BKYI ALXXF MACE INDVF MOC DRNG RSKIA APDN SPCB

Address 408 Boonesville Bend, Argyle, TX, USA, 76226

Website http://www.viscount.com

Viscount Systems Inc is a shell company.