GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midway Gold Corp (FRA:LXQ) » Definitions » EBIT

Midway Gold (FRA:LXQ) EBIT : €-15.10 Mil (TTM As of Mar. 2015)


View and export this data going back to . Start your Free Trial

What is Midway Gold EBIT?

Midway Gold's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2015 was €-6.26 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was €-15.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Midway Gold's annualized ROC % for the quarter that ended in Mar. 2015 was -14.77%. Midway Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2015 was -19.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Midway Gold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2015 was -164.25%.


Midway Gold EBIT Historical Data

The historical data trend for Midway Gold'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.

Midway Gold EBIT Chart

Midway Gold Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.09 -13.48 -12.34 4.84 -11.80

Midway Gold Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.42 -2.48 -3.20 -3.17 -6.26

Competitive Comparison of Midway Gold's EBIT

For the Gold subindustry, Midway Gold'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.


Midway Gold's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Midway Gold's EV-to-EBIT distribution charts can be found below:

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



Midway Gold 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 Mar. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €-15.10 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.


Midway Gold  (FRA:LXQ) EBIT Explanation

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

Midway Gold's annualized ROC % for the quarter that ended in Mar. 2015 is calculated as:

ROC % (Q: Mar. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2014 ) + Invested Capital (Q: Mar. 2015 ))/ count )
=-22.104 * ( 1 - -2.68% )/( (125.923 + 181.399)/ 2 )
=-22.6963872/153.661
=-14.77 %

where

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

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

Midway Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2015 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2014  Q: Mar. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-25.024/( ( (108.215 + max(1.744, 0)) + (133.807 + max(10.297, 0)) )/ 2 )
=-25.024/( ( 109.959 + 144.104 )/ 2 )
=-25.024/127.0315
=-19.70 %

where Working Capital is:

Working Capital(Q: Dec. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.049 + 10.258 + 0.82) - (8.269 + 0 + 1.114)
=1.744

Working Capital(Q: Mar. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.331 + 26.348 + 0.812) - (16.454 + 0 + 0.74)
=10.297

When net working capital is negative, 0 is used.

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

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

Midway Gold's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=-15.096/9.191
=-164.25 %

* 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.


Midway Gold EBIT Related Terms

Thank you for viewing the detailed overview of Midway Gold's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Midway Gold (FRA:LXQ) Business Description

Traded in Other Exchanges
N/A
Address
Midway Gold Corp is engaged in the acquisition, exploration, and, if warranted, development of gold and silver mineral properties in North America.

Midway Gold (FRA:LXQ) Headlines

No Headlines