Merriman Holdings (Merriman Holdings) EBIT : $-7.41 Mil (TTM As of Sep. 2015)

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What is Merriman Holdings EBIT?

Merriman Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2015 was $-3.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $-7.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Merriman Holdings's annualized ROC % for the quarter that ended in Sep. 2015 was -130.06%. Merriman Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -7,914.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Merriman Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -740,500.00%.

Merriman Holdings EBIT Historical Data

The historical data trend for Merriman Holdings'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.

Merriman Holdings EBIT Chart

Merriman Holdings Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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-5.35

-7.51

-6.62

-3.65

-1.25

Merriman Holdings Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
EBIT	Get a 7-Day Free Trial															-0.70	-1.16	-1.54	-1.12	-3.59

Competitive Comparison of Merriman Holdings's EBIT

For the Capital Markets subindustry, Merriman Holdings'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.

Merriman Holdings's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Merriman Holdings's EV-to-EBIT distribution charts can be found below:

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

Merriman Holdings 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.41 Mil.

Merriman Holdings (OTCPK:MERR) EBIT Explanation

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

Merriman Holdings's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	-1.564 * ( 1 - 0% )	/	( (1.322	+	1.083)	/ 2 )
=	-1.564	/	1.2025
=	-130.06 %

where

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	3.772	-	1.17	-	( 1.28	-	max(0, 1.762	-	3.198	+	1.28	))
=	1.322

	Invested Capital		(Q: Sep. 2015 )
=	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	))
=	3.421	-	1.279	-	( 1.381	-	max(0, 1.852	-	2.911	+	1.381	))
=	1.083

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data.

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

Merriman Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-14.364	/	( ( (0.202 + max(-0.741, 0))	+	(0.161 + max(-1.309, 0)) )	/	2 )
=	-14.364	/	( ( 0.202	+	0.161 )	/	2 )
=	-14.364	/	0.1815
=	-7,914.05 %

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.447	+	0	+	0.574)	-	(1.17	+	0.592	+	0)
=	-0.741

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.266	+	0	+	0.277)	-	(1.279	+	0.574	+	-0.00099999999999967)
=	-1.309

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2015 )
	=	-7.405	/	0.001
	=	-740,500.00 %

Merriman Holdings EBIT Related Terms

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Merriman Holdings (Merriman Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Merriman Holdings Inc (OTCPK:MERR) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

250 Montgomery Street, 16th Floor, San Francisco, CA, USA, 94104

Website

http://www.merrimanco.com

Merriman Holdings Inc is a financial service holding company. It provides capital markets advisory and research, corporate and investment banking services. The company's investment bankers provide a range of corporate finance and strategic advisory services. Its corporate finance practice advises on and structures capital raising solutions for its corporate clients through public and private offerings primarily of equity and convertible debt securities.

Executives

D Jonathan Merriman	director, 10 percent owner, officer: CEO	MERRIMAN CURHAN FORD & CO 600 CALIFORNIA ST., 9TH FLOOR SAN FRANCISCO CA 94108
Ronald L Chez	director, 10 percent owner	1524 NORTH ASTOR, CHICAGO IL 60610
Jeffrey M Soinski	director	585 WEST 500 SOUTH, BOUNTIFUL UT 84010
William J Febbo	director	600 CALIFORNIA ST., 9TH FLOOR, SAN FRANCISCO CA 94108
Douglas Bergeron	director	111 W. OCEAN BOULEVARD, LONG BEACH CA 90802
Andrew Arno	director, 10 percent owner	C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
Christopher L Aguilar	officer: General Counsel	600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
Robert J Majteles	director
Ronald Spears	director	600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108