Cvent (CVT) Operating Income : $-18.2 Mil (TTM As of Sep. 2016)

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What is Cvent Operating Income?

Cvent's Operating Income for the three months ended in Sep. 2016 was $-4.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2016 was $-18.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cvent's Operating Income for the three months ended in Sep. 2016 was $-4.9 Mil. Cvent's Revenue for the three months ended in Sep. 2016 was $56.7 Mil. Therefore, Cvent's Operating Margin % for the quarter that ended in Sep. 2016 was -8.66%.

Cvent's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cvent's annualized ROC % for the quarter that ended in Sep. 2016 was -11.73%. Cvent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -89.76%.

Cvent Operating Income Historical Data

The historical data trend for Cvent's Operating Income 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.

Cvent Operating Income Chart

Cvent Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Operating Income

2.30

7.90

-1.94

-0.23

-16.50

Cvent Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Operating Income	Get a 7-Day Free Trial															0.06	-7.18	-1.01	-5.11	-4.91

Cvent Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-18.2 Mil.

Cvent (NYSE:CVT) Operating Income Explanation

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

Cvent's annualized ROC % for the quarter that ended in Sep. 2016 is calculated as:

	ROC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	-19.632 * ( 1 - -18.71% )	/	( (199.499	+	197.76)	/ 2 )
=	-23.3051472	/	198.6295
=	-11.73 %

where

	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	))
=	322.51	-	33.695	-	( 176.601	-	max(0, 123.624	-	212.94	+	176.601	))
=	199.499

	Invested Capital		(Q: Sep. 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	))
=	329.66	-	40.407	-	( 179.04	-	max(0, 129.032	-	220.525	+	179.04	))
=	197.76

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2016		Q: Sep. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-19.632	/	( ( (22.353 + max(-87.285, 0))	+	(21.388 + max(-87.547, 0)) )	/	2 )
=	-19.632	/	( ( 22.353	+	21.388 )	/	2 )
=	-19.632	/	21.8705
=	-89.76 %

where Working Capital is:

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24.536	+	0	+	11.803)	-	(33.695	+	89.929	+	0)
=	-87.285

	Working Capital		(Q: Sep. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29.09	+	0	+	12.395)	-	(40.407	+	88.625	+	2.8421709430404E-14)
=	-87.547

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

Cvent's Operating Margin % for the quarter that ended in Sep. 2016 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2016 )	/	Revenue (Q: Sep. 2016 )
	=	-4.908	/	56.668
	=	-8.66 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Cvent Operating Income Related Terms

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Cvent (CVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cvent Inc (NYSE:CVT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.cvent.com

Cvent Inc was incorporated on August 20, 1999 in the State of Delaware. The Company is a cloud-based enterprise event management company. It provides end-to-end cloud solutions for both sides of the corporate events and meetings ecosystem - event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. Its integrated, Event Cloud solutions addresses the entire event life cycle by allowing event and meeting planners to automate and streamline the process of planning, organizing and executing successful events for organizations of all sizes and industries. Its Hospitality Cloud provides hoteliers and venues with a complete suite of solutions to create, manage and measure their demand for group meetings. For the event and meeting planner side of the ecosystem, which includes corporations, associations, not-for-profits, government agencies and universities, events and meetings are an integral way to build and strengthen relationships with customers, prospects, employees and partners. Enterprise events and meetings include external events, such as conferences, tradeshows, and customer summits, as well as internal functions, such as sales meetings, training seminars and team-building events. For the hoteliers and venues side of the ecosystem, group events and meetings are a vital source of revenue and profit. The Cvent Hospitality Cloud was created to provide cloud-based solutions across the hotel group sales lifecycle. The Hospitality Cloud consists of marketing solutions and software-as-a-service (SaaS) software enabling hoteliers, convention and visitor bureaus (CVBs), and other event venue owners to more effectively generate qualified demand for meetings and events, manage that demand more efficiently, and measure group business performance. The Company offers planners a robust platform that addresses the entire life cycle of events and meetings, including budgeting, planning, venue sourcing, marketing, management and measurement of meetings. It offers six principal product categories on two integrated clouds, the Event Cloud and the Hospitality Cloud. The Event Cloud includes the five product categories - event and conference management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, and onsite event solutions. The Hospitality Cloud includes three product categories - group marketing solutions, group demand management, and group business intelligence for hotels and venues. Event Cloud consists of Event Management; Enterprise Solutions; Mobile Event Applications; Feedback Solutions; Onsite Event & Conference Solutions; and Event Cloud Customers. Hospitality Cloud consists of Group Marketing Solutions; Group Demand Management; Group Business Intelligence; and Hospitality Cloud Customers. The Company's competitors are existing manual, paper and spreadsheet-based systems; event, meeting management and hospitality solution firms

Executives

Cynthia A Russo	officer: Chief Financial Officer	8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Sanju K Bansal	director	1850 TOWERS CRESCENT PLAZA, MICROSTRATEGY INC, VIENNA VA 22182
Jeffrey Lieberman	director	680 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Insight Venture Partners Vii, L.p.	10 percent owner	INSIGHT VENTURE ASSOCIATES VII, L.P., P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners (delaware) Vii, L.p.	10 percent owner	1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Insight Venture Associates Vii, Ltd.	10 percent owner	PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Associates Vii, L.p.	10 percent owner	PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners Vii (co-investors), L.p.	10 percent owner	INSIGHT VENTURE ASSOCIATES VII, L.P.,, P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners (cayman) Vii, L.p.	10 percent owner	INSIGHT VENTURE ASSOCIATES VII, L.P., P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Holdings Group, Llc	10 percent owner	1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Florence Anthony A. Jr.	director	5425 WISCONSIN AVENUE, SUITE 800, CHEVY CHASE MD 20815
Nea 13 Gp, Ltd	10 percent owner	1119 ST. PAUL STREET, BALTIMORE MD 21202
Nea Partners 13, Limited Partnership	10 percent owner	1119 ST. PAUL STREET, BALTIMORE MD 21202
Krishna Kittu Kolluri	10 percent owner
New Enterprise Associates 13 Lp	10 percent owner	1119 ST PAUL STREET, BALTIMORE MD 21202

Cvent (CVT) Headlines

From GuruFocus

Mario Gabelli Comments on Cvent Inc.

By Holly LaFon Holly LaFon • 01-31-2017